Home Equity Loan Calculator - Calculate Your Monthly Payments, Total Costs and APR
Home Equity Loan Calculator
Calculation Results
Amortization Tables
| Month | Date | Payment | Principal | Interest | Ending Balance |
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| Year | Date | Payment | Principal | Interest | Ending Balance |
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Loan Payment Schedule Visualization
How Much Would a $50,000 Home Equity Loan Cost Per Month?
A $50,000 home equity loan might cost about $449.41–$537.30 per month on a 15-year term at roughly 7%–10% APR (exact payment depends on your rate and term).
What Is the Average Payment on a $100,000 Home Equity Loan?
The average payment on a $100,000 home equity loan is often around $1,161.08–$1,321.51 per month on a 10-year term at roughly 7%–10% APR, depending on the exact rate and term.
FAQ
Why Use Our Home Equity Loan Calculator?
Use our comprehensive home equity loan calculator to determine your monthly payments, total interest costs, and real APR. Our tool helps you understand the true cost of your home equity loan by factoring in closing costs and providing detailed amortization schedules.
What Is One Disadvantage of Using a Home Equity Loan?
One disadvantage of a home equity loan is that your home serves as collateral, so you could lose it if you can’t repay the loan.
How Much Can I Borrow With a Home Equity Loan?
Most lenders allow you to borrow up to 80-85% of your home's appraised value, minus what you owe on your mortgage. For example, if your home is worth $300,000 and you owe $200,000, you may be able to borrow up to $40,000-$55,000.
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