Home Equity Loan Calculator

Estimate fixed monthly payments on a separate amortizing home equity loan.

Your estimate

Monthly housing estimate: $573.39
Principal & interest: $573.39
Total interest: $43,210.43
Principal + interest over term: $103,210.43
Monthly property tax: $0.00
Monthly home insurance: $0.00
Monthly HOA dues: $0.00
Monthly mortgage insurance: $0.00

Loan balance

Starting values are illustrative, not live quotes. Fixed-rate monthly amortization. Taxes, insurance, HOA dues and mortgage insurance are entered separately and held constant in the initial payment estimate. The interest total excludes those costs.

Payment schedule

Payment schedule
Month	Payment	Principal	Interest	Balance
1	$573.39	$173.39	$400.00	$59,826.61
2	$573.39	$174.55	$398.84	$59,652.06
3	$573.39	$175.71	$397.68	$59,476.35
4	$573.39	$176.88	$396.51	$59,299.47
5	$573.39	$178.06	$395.33	$59,121.41
6	$573.39	$179.25	$394.14	$58,942.16
7	$573.39	$180.44	$392.95	$58,761.71
8	$573.39	$181.65	$391.74	$58,580.07
9	$573.39	$182.86	$390.53	$58,397.21
10	$573.39	$184.08	$389.31	$58,213.13
11	$573.39	$185.30	$388.09	$58,027.83
12	$573.39	$186.54	$386.85	$57,841.29
13	$573.39	$187.78	$385.61	$57,653.51
14	$573.39	$189.03	$384.36	$57,464.47
15	$573.39	$190.29	$383.10	$57,274.18
16	$573.39	$191.56	$381.83	$57,082.62
17	$573.39	$192.84	$380.55	$56,889.78
18	$573.39	$194.13	$379.27	$56,695.65
19	$573.39	$195.42	$377.97	$56,500.23
20	$573.39	$196.72	$376.67	$56,303.51
21	$573.39	$198.03	$375.36	$56,105.47
22	$573.39	$199.35	$374.04	$55,906.12
23	$573.39	$200.68	$372.71	$55,705.43
24	$573.39	$202.02	$371.37	$55,503.41
25	$573.39	$203.37	$370.02	$55,300.04
26	$573.39	$204.72	$368.67	$55,095.32
27	$573.39	$206.09	$367.30	$54,889.23
28	$573.39	$207.46	$365.93	$54,681.77
29	$573.39	$208.85	$364.55	$54,472.92
30	$573.39	$210.24	$363.15	$54,262.68
31	$573.39	$211.64	$361.75	$54,051.04
32	$573.39	$213.05	$360.34	$53,837.99
33	$573.39	$214.47	$358.92	$53,623.52
34	$573.39	$215.90	$357.49	$53,407.62
35	$573.39	$217.34	$356.05	$53,190.28
36	$573.39	$218.79	$354.60	$52,971.49
37	$573.39	$220.25	$353.14	$52,751.24
38	$573.39	$221.72	$351.67	$52,529.52
39	$573.39	$223.19	$350.20	$52,306.33
40	$573.39	$224.68	$348.71	$52,081.65
41	$573.39	$226.18	$347.21	$51,855.47
42	$573.39	$227.69	$345.70	$51,627.78
43	$573.39	$229.21	$344.19	$51,398.57
44	$573.39	$230.73	$342.66	$51,167.84
45	$573.39	$232.27	$341.12	$50,935.57
46	$573.39	$233.82	$339.57	$50,701.75
47	$573.39	$235.38	$338.01	$50,466.37
48	$573.39	$236.95	$336.44	$50,229.42
49	$573.39	$238.53	$334.86	$49,990.89
50	$573.39	$240.12	$333.27	$49,750.77
51	$573.39	$241.72	$331.67	$49,509.05
52	$573.39	$243.33	$330.06	$49,265.72
53	$573.39	$244.95	$328.44	$49,020.77
54	$573.39	$246.59	$326.81	$48,774.18
55	$573.39	$248.23	$325.16	$48,525.95
56	$573.39	$249.88	$323.51	$48,276.07
57	$573.39	$251.55	$321.84	$48,024.52
58	$573.39	$253.23	$320.16	$47,771.29
59	$573.39	$254.92	$318.48	$47,516.37
60	$573.39	$256.62	$316.78	$47,259.76
61	$573.39	$258.33	$315.07	$47,001.43
62	$573.39	$260.05	$313.34	$46,741.38
63	$573.39	$261.78	$311.61	$46,479.60
64	$573.39	$263.53	$309.86	$46,216.07
65	$573.39	$265.28	$308.11	$45,950.79
66	$573.39	$267.05	$306.34	$45,683.74
67	$573.39	$268.83	$304.56	$45,414.90
68	$573.39	$270.63	$302.77	$45,144.28
69	$573.39	$272.43	$300.96	$44,871.85
70	$573.39	$274.25	$299.15	$44,597.60
71	$573.39	$276.07	$297.32	$44,321.53
72	$573.39	$277.91	$295.48	$44,043.61
73	$573.39	$279.77	$293.62	$43,763.85
74	$573.39	$281.63	$291.76	$43,482.21
75	$573.39	$283.51	$289.88	$43,198.70
76	$573.39	$285.40	$287.99	$42,913.30
77	$573.39	$287.30	$286.09	$42,626.00
78	$573.39	$289.22	$284.17	$42,336.78
79	$573.39	$291.15	$282.25	$42,045.64
80	$573.39	$293.09	$280.30	$41,752.55
81	$573.39	$295.04	$278.35	$41,457.51
82	$573.39	$297.01	$276.38	$41,160.50
83	$573.39	$298.99	$274.40	$40,861.51
84	$573.39	$300.98	$272.41	$40,560.53
85	$573.39	$302.99	$270.40	$40,257.55
86	$573.39	$305.01	$268.38	$39,952.54
87	$573.39	$307.04	$266.35	$39,645.50
88	$573.39	$309.09	$264.30	$39,336.41
89	$573.39	$311.15	$262.24	$39,025.26
90	$573.39	$313.22	$260.17	$38,712.04
91	$573.39	$315.31	$258.08	$38,396.73
92	$573.39	$317.41	$255.98	$38,079.31
93	$573.39	$319.53	$253.86	$37,759.78
94	$573.39	$321.66	$251.73	$37,438.13
95	$573.39	$323.80	$249.59	$37,114.32
96	$573.39	$325.96	$247.43	$36,788.36
97	$573.39	$328.14	$245.26	$36,460.22
98	$573.39	$330.32	$243.07	$36,129.90
99	$573.39	$332.53	$240.87	$35,797.38
100	$573.39	$334.74	$238.65	$35,462.63
101	$573.39	$336.97	$236.42	$35,125.66
102	$573.39	$339.22	$234.17	$34,786.44
103	$573.39	$341.48	$231.91	$34,444.96
104	$573.39	$343.76	$229.63	$34,101.20
105	$573.39	$346.05	$227.34	$33,755.15
106	$573.39	$348.36	$225.03	$33,406.79
107	$573.39	$350.68	$222.71	$33,056.11
108	$573.39	$353.02	$220.37	$32,703.10
109	$573.39	$355.37	$218.02	$32,347.73
110	$573.39	$357.74	$215.65	$31,989.99
111	$573.39	$360.12	$213.27	$31,629.86
112	$573.39	$362.53	$210.87	$31,267.34
113	$573.39	$364.94	$208.45	$30,902.39
114	$573.39	$367.38	$206.02	$30,535.02
115	$573.39	$369.82	$203.57	$30,165.19
116	$573.39	$372.29	$201.10	$29,792.90
117	$573.39	$374.77	$198.62	$29,418.13
118	$573.39	$377.27	$196.12	$29,040.86
119	$573.39	$379.79	$193.61	$28,661.08
120	$573.39	$382.32	$191.07	$28,278.76
121	$573.39	$384.87	$188.53	$27,893.89
122	$573.39	$387.43	$185.96	$27,506.46
123	$573.39	$390.01	$183.38	$27,116.45
124	$573.39	$392.61	$180.78	$26,723.83
125	$573.39	$395.23	$178.16	$26,328.60
126	$573.39	$397.87	$175.52	$25,930.73
127	$573.39	$400.52	$172.87	$25,530.21
128	$573.39	$403.19	$170.20	$25,127.02
129	$573.39	$405.88	$167.51	$24,721.14
130	$573.39	$408.58	$164.81	$24,312.56
131	$573.39	$411.31	$162.08	$23,901.25
132	$573.39	$414.05	$159.34	$23,487.20
133	$573.39	$416.81	$156.58	$23,070.39
134	$573.39	$419.59	$153.80	$22,650.80
135	$573.39	$422.39	$151.01	$22,228.42
136	$573.39	$425.20	$148.19	$21,803.22
137	$573.39	$428.04	$145.35	$21,375.18
138	$573.39	$430.89	$142.50	$20,944.29
139	$573.39	$433.76	$139.63	$20,510.53
140	$573.39	$436.65	$136.74	$20,073.87
141	$573.39	$439.57	$133.83	$19,634.31
142	$573.39	$442.50	$130.90	$19,191.81
143	$573.39	$445.45	$127.95	$18,746.37
144	$573.39	$448.42	$124.98	$18,297.95
145	$573.39	$451.40	$121.99	$17,846.55
146	$573.39	$454.41	$118.98	$17,392.13
147	$573.39	$457.44	$115.95	$16,934.69
148	$573.39	$460.49	$112.90	$16,474.19
149	$573.39	$463.56	$109.83	$16,010.63
150	$573.39	$466.65	$106.74	$15,543.98
151	$573.39	$469.76	$103.63	$15,074.21
152	$573.39	$472.90	$100.49	$14,601.32
153	$573.39	$476.05	$97.34	$14,125.27
154	$573.39	$479.22	$94.17	$13,646.04
155	$573.39	$482.42	$90.97	$13,163.63
156	$573.39	$485.63	$87.76	$12,677.99
157	$573.39	$488.87	$84.52	$12,189.12
158	$573.39	$492.13	$81.26	$11,696.99
159	$573.39	$495.41	$77.98	$11,201.58
160	$573.39	$498.71	$74.68	$10,702.87
161	$573.39	$502.04	$71.35	$10,200.83
162	$573.39	$505.39	$68.01	$9,695.44
163	$573.39	$508.75	$64.64	$9,186.69
164	$573.39	$512.15	$61.24	$8,674.54
165	$573.39	$515.56	$57.83	$8,158.98
166	$573.39	$519.00	$54.39	$7,639.98
167	$573.39	$522.46	$50.93	$7,117.52
168	$573.39	$525.94	$47.45	$6,591.58
169	$573.39	$529.45	$43.94	$6,062.13
170	$573.39	$532.98	$40.41	$5,529.16
171	$573.39	$536.53	$36.86	$4,992.63
172	$573.39	$540.11	$33.28	$4,452.52
173	$573.39	$543.71	$29.68	$3,908.81
174	$573.39	$547.33	$26.06	$3,361.48
175	$573.39	$550.98	$22.41	$2,810.50
176	$573.39	$554.65	$18.74	$2,255.84
177	$573.39	$558.35	$15.04	$1,697.49
178	$573.39	$562.07	$11.32	$1,135.42
179	$573.39	$565.82	$7.57	$569.59
180	$573.39	$569.59	$3.80	$0.00

Updated September 9, 2026

How to use

Replace the example inputs with your loan and property figures.
Select Calculate to update the estimate and any schedule.
Change one assumption at a time, then compare the result with the earlier scenario.

How this calculation works

The amount borrowed is amortized over the selected term. Each payment includes interest on the outstanding balance and a principal reduction. The calculation is the same fixed-payment mathematics used for a first mortgage, applied only to this additional loan.

M = P × r ÷ [1 − (1 + r)^(−n)]

Worked example

Illustrative inputs — not a quote or a local average.

Loan amount: $60,000.00
Interest rate: 8 %
Loan term: 15 years

Monthly housing estimate: $573.39. Principal & interest: $573.39. Total interest: $43,210.43.

Reading the result

Add the displayed payment to your existing mortgage and property expenses when testing affordability. The interest total belongs to this new loan alone. A shorter repayment term raises the monthly commitment but reduces the time during which interest accrues.

Before acting on the estimate

The tool does not test combined LTV or determine available equity. Use the LTV calculator with both debts and the property value, then ask the lender about its criteria. Home equity is collateral; the arithmetic does not eliminate the repayment risk.