HELOC Rates
Free HELOC Calculator — No Sign Up Required
HELOC Calculator &
Plain-English Guides
Estimate payments, explore how home equity can affect a possible credit limit, and learn how HELOC rates, qualification, draw periods and repayment work.
Interest-Only Draw Payment
—
Est. Repayment Payment
—
Total Interest
—
Illustration only. The draw-period estimate assumes interest-only payments on the full balance at the rate you enter; the repayment estimate assumes that same balance is fully amortised over the repayment term at the same rate. Actual HELOC payment rules, balances and variable rates can differ by plan.
Available Equity
—
Illustrative HELOC Limit
—
Combined LTV
—
Illustration only. The assumed maximum CLTV is an input, not a universal lender limit. Actual credit limits and approval depend on the lender, property value, existing liens, credit information, income, debts and other underwriting factors.
Why MyHelocRates
HELOC tools and guides built around the questions homeowners ask
Use the calculator for illustrations, then dig into plain-English guides on HELOC mechanics, rates, qualification, risks and repayment.
Free calculators
Estimate payments and borrowing power instantly — no sign-up required and no sales calls.
Rates explained
Understand variable-rate HELOC pricing, including indexes, margins and the role of benchmark rates, with links to primary sources.
Plain-English guides
No jargon. Our guides explain HELOCs clearly for first-time borrowers and seasoned homeowners alike.
Qualification factors
Learn the factors lenders may review — including equity, credit history, income and debts — without assuming one universal approval threshold.
HELOC vs HELoan
Compare how a revolving HELOC differs from a home equity loan, including access to funds, rates, payments and repayment structure.
Independent research
Core guides use primary US sources where possible, with lender-specific terms kept separate from general HELOC rules.
How it works
Four things to understand before exploring a HELOC
Understanding your equity, credit profile and the lender’s actual terms can help you compare HELOC options more carefully.
1
Check your equity
Use our free calculator to find out how much equity your home currently holds.
2
Review your credit
Review your credit reports and history. Lenders set their own credit requirements, so there is no single universal HELOC score threshold.
3
Compare lenders
Compare the APR, index and margin, fees, draw and repayment terms, minimum-payment rules and other conditions.
4
Read the terms
If you apply, review the lender’s disclosures carefully so you understand the credit limit, access rules, payments, fees and repayment terms.
From The Blog
HELOC guides & explanations
Practical articles for US homeowners who want to understand HELOC mechanics, rates, qualification and risks.
Continue your HELOC research
Use the calculator for an illustration, then read the guides before comparing actual lender terms.
Try the Calculator