Plain-English explainers on HELOCs, home equity loans and the numbers behind borrowing against your home.
A HELOC has a draw period with interest-only payments and a repayment period with principal plus interest. See both numbers and the jump between them.
Open the calculator →Equity is your home value minus the mortgage. Lenders cap borrowing at roughly 85% combined loan-to-value. Estimate your borrowing power.
Open the calculator →One is a variable line, the other a fixed lump sum. Compare the monthly payment and total interest for both at rates you choose.
Open the calculator →Dated rate table, CLTV limits and draw/repayment norms, sourced and updated, with a downloadable CSV.
See the data →More guides are on the way. Every figure we publish is either the site's own calculator model or a named, dated source; see the editorial standards page for how sourcing and corrections work.