Estimate the monthly payment and interest on a home equity loan.
How the home equity loan calculator works
Enter the loan amount, rate and term to see the fixed monthly payment and total interest on a home equity loan.
Try it with these numbers
As an example, with a loan amount of 250,000, the calculator returns a monthly payment of $1,580.17. Underneath, Monthly payment comes out at $1,580.17 and Total paid at $568,861.22. Change any field and every figure updates as you type.
Getting your answer
- Enter your figures in the fields provided.
- The result updates as you type.
- Review the breakdown below the main number.
How the number is calculated
payment = P × r ÷ (1 − (1+r)⁻ⁿ)
Frequently asked questions
What is a home equity loan?
A loan against the equity in your home, repaid in fixed installments over a set term.
How is it different from a HELOC?
A home equity loan is a lump sum at a fixed rate; a HELOC is a revolving line of credit.