Mortgage & Real Estate
HELOC Calculator
Estimate the maximum HELOC line you qualify for and interest-only payments.
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Formula
$$\text{Max Line} = V\cdot\text{LTV} - B_{\text{mtg}},\qquad I_{\text{mo}} = \frac{\text{Draw}\cdot r}{12}$$
Where
Vhome valueLTVloan-to-value ratioB_mtgmortgage balanceDrawamount drawnrannual rateI_momonthly interest
