Home Equity Line of Credit Calculator

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.

Home Equity Interest Only
Home Equity 360®
Rate (variable)
9% APR1
9% APR1
Estimated monthly payment2Draw period
$1,875 Interest payments only*
$2,012 Interest and principal payments
Repayment period payment
Line amount
Closing costs3
$0.00 no closing costs
$0.00 no closing costs
25 years10 year draw period15 year repay period
30 years10 year draw period20 year repay period

All rates reflect a 0.25% discount for automatic payments from a Fremont Bank personal checking account.

1. The APR is based on The Wall Street Journal Prime Rate plus a margin and will vary. The APRs reflect a discount of 0.25% for establishing at account opening and maintaining automatic payments from a Fremont Bank personal checking account. If you entered $0 for “How much do you owe on your home?” and Primary residence, then rates above reflect first lien discount.+

2. The variable rate /APR and monthly minimum payment amounts shown above are based on the information you provided (and other factors) and are for illustrative purposes only.

The results generated by this calculator do not constitute a commitment to lend.

Note: Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

This calculator is intended for illustrative purposes only. The results generated by this calculator do not constitute a commitment to lend.

Contact a Fremont Bank loan officer to explore your home lending options, ask questions, or get started on an application.

Home Equity Line of Credit features variable rates based on the Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The APR can change monthly, but will not vary above 18% APR, or below 3.99% APR for 1-4 family owner-occupied/second homes. For non-owner occupied 1-4 family homes the APR will not go below 5.99%. The index as of the last date changed on 7/27/2023 is 8.50%. As of 7/27/2023, the variable rate for home equity credit lines of $20,000-$250,000, with a combined-loan-to-value ratio (CLTV) up to 75% range from 9.00% APR to 9.25% APR on an owner-occupied 1-4 family residence and from 11.75% APR to 12.00% APR on non-owner occupied 1-4 family homes. APR includes a 0.25% interest rate discount for maintaining automatic loan payments (ALP) from a Fremont Bank personal checking account. ALP discount only applicable as long as automatic payments are set up from a Fremont Bank personal checking account. Only one ALP discount per home equity line of credit will apply. The removal of any discount will increase the rate. Higher rates may apply for credit limits below $20,000 or above $250,000, and/or lien position. Rates are subject to change without notice.

We may reduce or suspend your credit limit if any of the conditions that existed at the time your HELOC was opened change significantly, such as the value of your home declines, we reasonably believe you may no longer be able meet the repayment terms, or you default on a material provision of your HELOC agreement.

Choosing a minimum interest-only monthly payments will not repay the principal that is outstanding on your line. Your monthly payment may increase, possibly substantially, once your credit line transitions into the repayment period.

Consult your tax advisor regarding the deductibility of interest and charges.

+ First lien position HELOC discount is only available to customers who do not have an existing mortgage or equity loan on the property or are planning to pay off an existing mortgage or equity loan with this new HELOC. Property must be 1-4 family residence.

3. No Closing Cost Loans are subject to terms and conditions of Fremont Bank's Application Fee Agreement, which lists the specific costs and fees the borrower will not pay. An Application Fee may be required after a loan application is submitted, which will be refunded as a credit on your closing statement. Borrower is responsible for paying all fees and charges imposed by brokers or an existing third party lender (for example, payoff demand statement fee and/or a reconveyance fee) as well as any prepayment penalty imposed by any third party lender or Fremont Bank. A $95 Set-Up Charge is due at account opening. You may also be required to pay certain fees to open this credit line. These fees generally total between $0 and $900. The $75 Annual Fee is waived for the first year. After the first (1st) year, during the Draw Period, you will be required to pay an Annual Fee of $75.00 for each year the account is open, whether it is used or not. As long as the account is open, you will be billed for the Annual Fee for each succeeding year on the monthly billing statement prepared in the same month as the monthly your account was opened. The Annual Fee will not be refunded in whole or in part and will be owed to the bank once it is posted to your account, even if the account is subsequently changed, frozen, closed or terminated for any reason. If you terminate your HELOC account within 36 months of opening it, you will be required to pay an early closure fee of $500 plus any reconveyance and recording fees Fremont Bank paid on your behalf.

Consult your tax advisor regarding the deductibility of interest and charges.