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HELOC Estimate

A revolving credit line secured by your home equity. Rates are usually variable, so these payments are estimates.

Your home and line

Current position and request.

We use property location to improve estimated taxes, closing costs, and availability details.
Availability may vary by property location.
Estimated draw-period payment
$283.33/mo
Interest-only on the drawn amount
Estimated repayment-period payment
$347.13/mo
After the draw period ends
Estimated maximum line
$150,000
At 85% max HCLTV
Estimated CLTV
63.00%
Uses your drawn balance
Estimated HCLTV
70.00%
Uses the full credit line
Estimated rate
8.50%
Variable — can change over time

Things to know

  • HELOC rates are usually variable. Your estimated payment can increase if the index rate rises.

Assumptions behind this estimate

Estimate from your details
  • Estimated home valueBorrower-provided

    The home value is your estimate. Loan-to-value results will change with an appraisal.

  • Estimated HELOC structureEstimate

    A 10-year draw period and 20-year repayment period were assumed.

  • Maximum financing assumptionEstimate

    A maximum financing limit of 85% was assumed for this product. Actual limits depend on the lender and full underwriting.

  • Estimated balance at repaymentEstimate

    The repayment-period payment assumes your current draw amount is still outstanding when the draw period ends. Actual payments depend on your balance and rate at that time.

Pre-application results are estimates based on information provided and are not a formal Loan Estimate, loan approval, or commitment to lend. A formal Loan Estimate is provided after a mortgage application is submitted with the required information.

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