HELOC Calculator
Home Equity Line of Credit
Calculate how much you can access through a Home Equity Line of Credit (HELOC) based on your home value, existing mortgage, and credit profile.
Property & Financial Details
$
$
500750850
$
HELOC Available
$0
Maximum line of credit amount
Interest Rate
7.45%
Variable rate
Monthly Payment
$745
Interest only
Income Insufficient
Payment exceeds 5% of income
Loan-to-Value Details
Current LTV50.0%
New Combined LTV65.0%
Available Equity$120,000
Important HELOC Information
• HELOC rates are variable and subject to change
• Maximum combined loan-to-value is typically 65% in Canada
• Credit score and income verification required
• Property appraisal may be required
• Interest-only payments during draw period (typically 10 years)
• Principal and interest payments required during repayment period