HELOCCalcTools offers free calculators for home equity lines of credit, home equity loans and the equity you have available to borrow, all built on the standard financial formulas lenders use.
The site is independently operated. The tools exist to show the real cost of borrowing against your home: the interest-only draw payment, the larger repayment payment, and how much of your equity a lender will actually lend against. There are no sign-ups and nothing you type is stored.
Where it helps, we reference guidance from the Consumer Financial Protection Bureau and the Federal Reserve, which publishes the prime rate that most variable HELOC rates track. All results are estimates for informational purposes only and are not a loan offer or financial advice. For major decisions, consult a qualified lender or financial professional.