Home Equity

HELOC Calculator

Calculate your available home equity, max HELOC credit line, and what your payments will look like during draw and repayment periods.

Your Home & HELOC Details

Home Value

Current Mortgage Balance

Max LTV — 85%

75%90%

Amount to Draw

Interest Rate (%)

Draw Period (years)

Repayment Period (years)

HELOC Analysis

Available Equity

$160,000

Max HELOC line at 85% LTV

Amount Drawn

$80,000

Draw Payment (interest only)

$600/mo

Years 1–10

Repayment Payment (P&I)

$720/mo

Years 11–30

Interest During Draw

$72,000

Total Interest

$164,747

Payment jump warning: Your payment increases from $600/mo to $720/mo when the draw period ends — an increase of $120/month.

Tap Your Equity

South Florida home values have appreciated significantly. See how much equity you can access.

HELOC Facts

Variable rate product

Most HELOCs have variable rates tied to Prime. Your draw payment will fluctuate as rates change.

Interest-only during draw

During the draw period, you typically only pay interest on what you've borrowed. You can pay down principal anytime.

Tax deductibility

HELOC interest may be tax-deductible if used to buy, build, or substantially improve your home. Consult a tax advisor.