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Line of Credit Loan Calculator for Comparing Lender LTV Credit Limits

Calculator Preferences
Line of Credit Loan Calculator Sign
Line of Credit Loan Calculator

This calculator will calculate and compare the equity line of credit limits, interest-only payment amounts, and the 10-year interest costs for up to four different lender loan-to-value (LTV) ratios at one time. The Learn tab includes:

  • What is a HELOC?
  • How is your line of credit limit determined?
  • How does a HELOC work?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Property val:Property value:Appraised value of property:Appraised value of property:

Appraised value of property:

Enter the appraised value of your home. Enter as a dollar amount, but without the dollar sign and any commas.

If you have not had your house appraised, research what homes similar to yours are selling for in your area. That should give you a good estimate of the appraised value.

Total owed:Total of mortgages:Total owed against property:Total of mortgages owed against property:

Total of mortgages owed against property:

Enter the combined total of all mortgages and liens against your property. Enter as a dollar amount, but without the dollar sign and any commas.

LOC % rate:LOC percent rate:Line of credit interest rate:Line of credit loan interest rate:

Line of credit loan interest rate:

Enter the expected line of credit loan interest rate. Enter as a percentage but without the percent sign (for .085 or 8.5%, enter 8.5).

LTV ratio #1:

LTV ratio #1:

Enter a unique loan to value ratio for comparing against other loan to value ratios. Enter as a percentage but without the percent sign (for .90 or 90%, enter 90).

LTV ratio #2:

LTV ratio #2:

Enter a second unique loan to value ratio for comparing against other loan to value ratios. Enter as a percentage but without the percent sign (for .90 or 90%, enter 90).

LTV ratio #3:

LTV ratio #3:

Enter a third unique loan to value ratio for comparing against other loan to value ratios. Enter as a percentage but without the percent sign (for .90 or 90%, enter 90).

LTV ratio #4:

LTV ratio #4:

Enter a fourth unique loan to value ratio for comparing against other loan to value ratios. Enter as a percentage but without the percent sign (for .90 or 90%, enter 90).

Comparative Results

Comparative Results:

The chart below will compare the maximum loan amount, the credit limit, the interest only payment, and the interest cost of all LTV ratios entered in the section above this one.

Tap the text links in the "Compare" column for an explanation of each row.

Tap the links for an explanation of each row.
K = Thousands of Dollars

K = Thousands of Dollars
Compare%%%%
Max loan:

Max loan row:

This row contains the maximum loan amount for each entered loan to value ratio.

Less loans:

Less loans row:

This row contains the total loans (mortgages and liens) against the property, which is the same for all entered loan to value ratios.

Credit limit:

Credit limit row:

This row contains the credit limit for each entered loan to value ratio.

IO pmt:

IO pmt row:

This row contains the monthly interest-only payment for each entered loan to value ratio. Interest-only payments are based on your entered annual interest rate and a 10-year line of credit.

Interest:

Interest row:

This row contains the total of 10-years worth of interest-only payments for each entered loan to value ratio.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.