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Equity, Points & Costs

A home equity loan calculator for mortgage websites that answers how much and at what payment

From the home value, current mortgage balance, requested amount, fixed rate and term, this calculator returns the monthly payment, total interest, combined loan-to-value and the maximum available at 85% CLTV. For loan officers it qualifies equity borrowers on the spot: you know their value, their first-lien balance and how far they want to stretch.

Every homeowner who enters a value and a payoff balance has just handed you a CLTV worksheet.

  • 5 inputs
  • 6 results
  • Included on every plan
  • 6 languages
Start free on Originator What the numbers tell you about the borrower
Live calculator

This is the calculator your visitors use. Enter numbers to see it work.

Equity, Points & Costs

What is the homeowner trying to figure out?

Two things, in this order: how much can I get, and what will it cost each month. A homeowner with a low-rate first mortgage often wants to leave it untouched, so a fixed second lien with a predictable payment appeals more than a line of credit.

Take the defaults: a $450,000 home with $240,000 owed leaves $210,000 of equity, but at 85% CLTV the most they could borrow is $142,500. That gap surprises people. A borrower asking for $75,000 at 8.25% over 15 years would pay about $728 a month and keep CLTV at 70%. They worry about the appraisal, closing costs and whether the payment fits beside the mortgage they already carry.

Where does a home equity loan calculator earn its place in your funnel?

On the pages your homeowners visit, and in the messages you send them. Equity borrowers rarely come from purchase ads; they come from past clients, refinance research and debt-consolidation searches.

The lead arrives with the four numbers that matter for a second lien: home value, first-mortgage balance, requested amount and resulting combined loan-to-value. You can see at a glance whether the request fits under typical caps, whether it would be stronger as a cash-out refinance, or whether the borrower overestimated the value. Read loan-to-value against the requested term to gauge how payment-sensitive they are.

Link it with the HELOC calculator so homeowners can weigh a lump sum against a revolving line. If you route leads to HighLevel, a separate tag for second-lien requests lets you keep these contacts in an equity nurture with education about closing costs and rate type instead of a buyer drip.

  • Call first on requests near the 85% cap: they need guidance most.
  • Ask how the value was estimated before discussing amounts.

What arrives in your CRM

What the numbers tell you about the borrower

  • Combined Loan-to-ValueUnder 70% leaves room and usually better pricing. Between 80% and 85% means the request is near common caps and depends heavily on appraisal. Above 85%, the borrower needs a reset conversation about amount or product.
  • Home ValueA round, optimistic figure often comes from an online estimate. If the requested amount only works at that value, ask about recent sales nearby before you set expectations on the loan size.
  • Equity Loan AmountCompared with Max Available, this shows whether they want a modest project fund or every dollar possible. Requests at the maximum often signal debt consolidation, which may compare better as a cash-out refinance.
  • Loan Term (years)A 20- or 30-year entry suggests the payment matters more than total cost; a 10-year entry points to a borrower with surplus monthly income who wants the debt gone quickly.

A first message that uses their numbers

What is a good first message?

Hi, [Name] here from [Company], NMLS [ID]. I saw your home equity loan numbers on our site. If useful, I can check how the amount you entered fits typical combined loan-to-value limits and compare it with a cash-out option, so you can see both payments before deciding anything.

A home equity loan puts the property at risk if payments are missed, so avoid language that makes borrowing against the home sound casual, and respect the consent on file.

Where this calculator earns its place

  1. 01

    Debt-consolidation or home-improvement landing page

    Visitors with a specific expense want a fixed amount and a fixed payment, which is exactly what this tool shows.

  2. 02

    Annual home-anniversary email to past clients

    Equity grows quietly; a reminder with a calculator invites homeowners to check it.

  3. 03

    Equity widget alongside the HELOC calculator

    Side-by-side tools let homeowners self-sort between a lump sum and a line.

Limits worth knowing

  • The 85% CLTV cap is a common lender limit used for illustration; actual caps vary by lender, occupancy, credit and loan size.
  • Closing costs and fees on equity loans are not included, so total cost and the true cost of borrowing are understated.
  • The result depends on the borrower's own home value, which can differ sharply from an appraisal.

Calculator disclaimer: Estimates only. The amount you can borrow depends on your home's appraised value, existing mortgage balance and lender limits. Confirm rates and terms with a licensed lender.

Definitions in the calculator

Home equity loan
A fixed-rate loan secured by your home, paid out as a lump sum and repaid in equal monthly payments over a set term. It sits behind your first mortgage as a second lien. Unlike a HELOC, the amount, rate and payment are fixed from the start, which is how this calculator treats it.
Home equity
The market value of your home minus what you still owe on it. With the defaults, a $450,000 home and a $240,000 mortgage balance leave $210,000 of equity. Lenders let you borrow against only part of it, since they keep a cushion in case the home’s value falls.
Combined loan-to-value (CLTV)
All loans secured by the home, the first mortgage plus the new equity loan, divided by the home’s value, as a percentage. Many lenders cap it, commonly at 85%, which is the cap this calculator uses. A higher CLTV means less equity cushion and usually a higher rate or a smaller approval.
Max available
The largest equity loan that keeps combined borrowing within 85% of the home’s value: 85% of the value minus the current mortgage balance. With the defaults, that is $382,500 minus $240,000, or $142,500. A lender’s actual limit depends on its own cap, the appraisal, and your credit and income.
Second mortgage
A loan secured by a home that already has a first mortgage. If the home is sold or foreclosed, the first mortgage is paid before the second, so second liens carry more risk for the lender and usually a higher rate. A home equity loan is one kind of second mortgage.
Interest rate
The annual percentage the lender charges on the unpaid balance, not including fees. A home equity loan’s rate is fixed, so the payment never changes. This calculator divides it by 12 to get the monthly rate used in the payment formula.
Loan term
The number of years over which the equity loan is repaid in equal monthly payments. A shorter term raises the payment but cuts total interest; a longer term does the opposite. The term of the equity loan is independent of the years left on your first mortgage.
Total interest
The interest paid over the full term if the loan runs to maturity with regular payments: total repaid minus the loan amount. It does not include closing costs or fees, which some lenders charge on equity loans and which raise the true cost of borrowing.
Closing costs
Fees charged to set up the loan, such as appraisal, origination, title and recording fees. Some lenders cover them or roll them into the loan; others charge them in cash. This calculator does not include them, so compare lender offers on both rate and fees.

Terms on this page

Pairs well with

HELOC Calculator

Homeowners who model a HELOC are telling you how much equity they want to tap and roughly what for.

Total Cost of Loan Calculator

Borrowers already suspect the fees are hidden somewhere; give them a calculator that puts the fees in plain view.

FAQ · 8 questions

Questions about this calculator

How does the calculator find the maximum I can borrow?

It takes 85% of the home value and subtracts the current mortgage balance. With a $450,000 home and $240,000 owed, 85% of value is $382,500, so the maximum is $142,500. That is an illustrative cap; lenders set their own limits from the appraisal, occupancy, your credit and income, and some go lower than 85%.

What is combined loan-to-value and why does it matter?

It is all loans secured by the home divided by its value. Adding a $75,000 equity loan to a $240,000 first mortgage on a $450,000 home gives 70% CLTV. Lenders watch it because the second lien is repaid only after the first in a sale or foreclosure, so a higher CLTV usually means a higher rate or a smaller approval.

Will the payment on a home equity loan change?

Not if the rate is fixed, which is how this calculator treats it. A $75,000 loan at 8.25% over 15 years comes to about $728 a month for the whole term, with total interest near $56,000. That stability is the main difference from a HELOC, where the rate usually floats and the payment changes between stages.

Should a borrower choose a shorter or longer equity loan term?

A shorter term costs more each month but much less overall. Stretching the same $75,000 at 8.25% to 30 years cuts the payment but more than doubles the interest. The term of the equity loan is independent of the first mortgage, so it can be matched to how long the borrower expects to stay in the home.

Why put a home equity calculator on a mortgage website at all?

Because homeowners are an audience you already earned and rarely hear from between transactions. When one runs this tool, you learn their value, balance and borrowing goal in a single submission, which is enough to recommend a second lien, a cash-out refinance or a wait. The contact and scenario stay in your built-in CRM for future follow-up.

What should I check first when a home equity lead comes in near 85% CLTV?

Start with the home value. A request that only fits at the borrower's own estimate can fall apart on appraisal, so ask how they arrived at the number and mention that the lender will order its own valuation. Then look at the term and payment to see whether a smaller amount or a different product would hold up better.

Can home equity leads go to a different team or workflow than purchase leads?

Yes. On the Producer and Brokerage plans, per-calculator webhooks send this tool's leads to their own endpoint, for example a HighLevel inbound webhook that assigns them to the LO who handles second liens. The payload carries the inputs, results and attribution, and if the webhook fails the lead is still saved in the CRM.

Does the calculator include closing costs on the equity loan?

No. Total interest and total repaid cover only the loan itself. Many lenders charge appraisal, title, recording or origination fees on equity loans, and some roll them in. When you follow up, put those costs next to the payment so the borrower sees the full price of borrowing, and suggest the closing cost calculator for a fuller estimate.

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