Use the calculator below to determine the various terms of your home equity loan.
By adjusting the slider controls you can change the interest rate, loan balance, loan term or monthly payment. By pressing the “view report” button you can see the entire amortization schedule of your home equity loan.
This home equity loan calculator requires SUN’s Java™ Plug-in. If you see this message you’ll need to download the Java™ Plug-in. This can be done automatically by clicking the yellow top bar of your browser and choosing “Install ActiveX Control”
You can also download Java™ Plug-in here: Get the Java™ Plug-in!
This home equity loan calculator was made by KJE Computer Solutions, LLC
Explanation of the used terms:
Loan balance: This is the total amount you borrow.
Interest rate: This is the amount charged for the borrowed money, expressed as a percentage of the principal.
Term in months: This is the specified number of months over which you have to repay your loan.
Monthly payments: These are the payments you have to make for your home equity loan on a monthly basis.
Keep in mind that this calculator provides information that is not intended to serve as personal financial advice. We cannot and do not guarantee its applicability and appropriateness for your personal circumstances.
To access the money tied in your home equity and get a great loan rate, book an appointment with the Mortgage Genie.