The amount you can borrow with any home equity loan is determined by how much equity you have – that is, the current value of your home minus the balance owed on your mortgage.

This calculator is designed to help you estimate how much you may be able to borrow with a Home Equity Line of Credit, given the value of your home and your current mortgage balance.

A Home Equity Line of Credit can be used to consolidate high-interest debt such as credit cards or installment loans into a single monthly payment. Try our Debt Consolidation Calculator to see if a HELOC is right for you.