Estimate
Home Equity Loan Estimate
A lump-sum second mortgage with a fixed payment, alongside your current loan.
Your home and loan
Current position and request.
We use property location to improve estimated taxes, closing costs, and availability details.
Availability may vary by property location.
Estimated monthly payment
$485.07/mo
Fixed second-lien payment
Estimated CLTV
65.00%
First lien + this loan ÷ value
Estimated maximum loan
$150,000
At 85% max CLTV
Estimated total interest
$37,313
Over the full term
Estimated total payments
$87,313
Principal + interest
Estimated closing costs
$1,500
As provided
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.
- Maximum financing assumptionEstimate
A maximum financing limit of 85% was assumed for this product. Actual limits depend on the lender and full underwriting.
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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.