Property Details
Most lenders cap at 80% LTV (combined loan-to-value)
Equity & Borrowing Power
Based on current home value and LTV limits
Your Equity
$200,000
40.0% of value
Max Borrowable
$100,000
at 80% LTV
Combined LTV After Borrowing80.0%
Remaining Equity$100,000
Estimated Monthly Payment
$985
15-year fixed at 8.5%
Total Interest Paid$77,253
Total Amount Paid$177,253
Home Equity Loan
- ✅ Fixed rate & payment
- ✅ Lump sum disbursement
- ⚠️ Closes after funding
HELOC
- ✅ Draw as needed
- ⚠️ Variable interest rate
- ✅ Reusable credit line
⚠️ Risk Warning: Your home is collateral. Failure to repay could result in foreclosure. Interest may be tax-deductible only if funds are used to buy, build, or substantially improve the home (TCJA 2017).
Data Source & Legal Disclaimer
Effective: 2026-01-01
Last updated: 2 weeks ago
Update frequency: Quarterly
Sources: CFPB — Home Equity Loans
Estimates only. Actual rates, terms, and borrowing limits vary by lender, credit score, and market conditions. This is not financial advice — consult a mortgage professional.