Mortgage Calculator

HELOC Calculator

Estimate available line based on value, balance and program limits.

Estimated home value

First mortgage balance

Program combined loan to value (%)

Line interest rate (%)

Amount you plan to draw

Repayment period (years)

Current mortgage payment with taxes & insurance

Amount used for payments: $97,500 (full available line)

Combined payment with principal & interest HELOC$2,396

Estimates only, for illustration. Actual payment, taxes, insurance and terms are determined by your loan approval and are not a commitment to lend.

Combined payment during interest only draw period

$2,241

First mortgage payment plus the interest only HELOC payment. Line rates are usually variable, so the payment can change over time.

Guidance by Manny

Want Manny to look at your numbers?

A calculator gives you an estimate. Manny can help you compare the financing options that may apply to your actual situation.

Estimate principal, interest, taxes, insurance, mortgage insurance and HOA.

Work backward from income and debts to a realistic price ceiling.

Compare your current payment against a new rate and term.

Model a larger loan amount with cash proceeds at closing.

Estimate PITI and the debt service coverage ratio from expected rent.

Model 1-0, 2-1 and 3-2-1 temporary buydowns and their estimated cost.

Estimates are a starting point. A review of your documents produces figures you can rely on.