Home Equity Loan Calculator

Estimate payments on a fixed home equity loan.

Home Equity Loan Calculator helps you estimate payments on a fixed home equity loan. Enter loan amount, annual rate, and term, review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Home equity calculator does Home Equity Loan Calculator is built for money decisions — loans, savings, payments, and taxes. Estimate payments on a fixed home equity loan. You enter loan amount, annual rate, and term, then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Enter the Loan amount, Annual rate and Term in years. The monthly payment uses the standard fixed-rate formula: payment = amount × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 and n is the number of monthly payments. It also shows what an interest-only payment on the same balance would be, and the payment for other terms. Closing costs and how much a lender will let you borrow are not included. The formula: M = P × r × (1 + r)^n ÷ ((1 + r)^n − 1). P is the amount borrowed, r is the monthly interest rate (annual rate ÷ 12) and n i…