20 Year home Equity Loan Payment Calculator

20-Year Home Equity Loan Calculator

Estimate your monthly payment, available borrowing room, total interest, equity position, and repayment costs.

Loan Information

Current home value ($) Existing mortgage balance ($) Requested loan amount ($) Annual interest rate (%) Repayment term Maximum combined LTV (%)

Additional Costs

Property tax per year ($) Home insurance per year ($) HOA or community fee per month ($) Loan closing costs ($) Finance closing costs? Extra monthly principal payment ($)

Income and Debt

Gross monthly income ($) Existing monthly debt payments ($) Existing first mortgage payment ($) Stress-test interest rate (%) Estimated home value change (%)

Income and debt figures are estimates for planning only. Lenders use their own underwriting rules.

Estimated Results

Monthly principal & interest —

Estimated total monthly cost —

Estimated loan amount —

Estimated total interest —

Total repayment —

Cash closing costs —

Available equity —

Estimated maximum new loan —

Combined loan-to-value —

Housing expense ratio —

Estimated total debt ratio —

Stress-test monthly payment —

Interest savings with extra payment —

Estimated payoff period —

Amortization Preview

The preview shows selected points in the repayment schedule. It is an estimate and does not replace the lender’s official schedule.

Year	Estimated balance	Principal paid	Interest paid
Calculate to see the schedule.