Home Equity Loan Calculator
Use the calculator below to determine the various terms of your home equity loan.
By adjusting the slider controls you can change the interest rate, loan balance, loan term or monthly payment. By pressing the "view report" button you can see the entire amortization schedule of your home equity loan.
Explanation of the used terms:
Loan balance: This is the total amount you borrow.
Interest rate: This is the amount charged for the borrowed money, expressed as a percentage of principal.
Term in months: This is the specified number of months over which you have to repay your loan.
Monthly payments: These are the payments you have to make for your home equity loan on a monthly basis.
Have in mind that this calculator provides information that is not intended to serve as a personal financial advice. We cannot and do not guarantee its applicability and appropriateness for your personal circumstances.
To access the money tied in your home equity and get a great loan rate, fill our loan form on the right now.