💳 Elite HELOC Calculator

Upload documents for auto-fill • Plan your draw strategy • See payment shock • Compare alternatives

⚡ Quick

📅 Draw Strategy

💰 Payment Shock

🔄 Alternatives

🎯 Use Cases

💡 Decision

📄 Quick Start: Upload Documents (Optional)

📁

Drop mortgage statement or appraisal here, or click to browse

Supports PDF files • Auto-fills home value, mortgage balance, credit info

🏠 Essential Information

Home Value

Current appraised value

Current Mortgage Balance

Outstanding balance

Credit Score Range

Affects rate and max LTV

HELOC Interest Rate (%)

Variable rate estimate • Prime + 1-3% margin

Draw Period (years)

Interest-only period

Repayment Period (years)

Principal + interest period

Include Closing Costs?

Appraisal, title, fees typically 2-5%

Maximum Available Credit

Based on your equity and credit score

Max LTV Allowed

85%

Current Equity

Draw Period Payment

$0/mo

Repay Period Payment

$0/mo

⚠️ Risk Assessment

Low Risk Moderate Risk High Risk

📊

Understanding HELOC Variable Rates
HELOC rates = Prime Rate + Margin (1-3%)
• Current Prime Rate: ~8.25% (Nov 2025)
• Your estimated rate: 8.5% = Prime + 0.25% margin
• If Prime rises 1%, your rate rises 1% too (payment increases ~$42/mo per $50K drawn)
• No cap on rate increases unless explicitly stated in your agreement

📊 Available Credit Breakdown

💰 How Much Can I Safely Draw?

Think in monthly budget terms: What monthly payment can you comfortably afford during the draw period (interest-only)?

Your Safe Monthly Budget: $500/month

$0 $1,500 $3,000

💡

You can safely draw: ~$0
Based on your monthly budget and current interest rate of 0%.

💡 Pro Tip: Start with a conservative budget. Remember, when the repayment period begins, your payment will increase to include principal (~$0/month).

📅 Plan Your Draw Strategy

ℹ️

Calculate first to plan draws
Complete the quick calculator to see your available credit and plan when/how much to draw.

💰 Payment Shock Analysis

ℹ️

Calculate first to see payment timeline
Complete the quick calculator to view payment shock when draw period ends.

🔄 Compare Alternatives

ℹ️

Calculate first to compare options
Complete the quick calculator to compare HELOC vs other financing options.

🎯 Use Case Analyzers

💳 Debt Consolidation

🏗️ Home Renovation

🚨 Emergency Fund

ℹ️

Calculate first
Complete the quick calculator, then select a use case above.

💡 Should You Get a HELOC?

ℹ️

Calculate first for personalized recommendation
Complete the quick calculator to get your decision score and guidance.