Home equity loan calculator with combined LTV
Enter home value, first-mortgage balance and proposed lump-sum loan. HitEquals estimates equity, combined loan-to-value, monthly payment, interest, closing costs and a full amortization schedule.
Inputs used by this calculator
Home Equity Loan Calculator uses the fields below. The starting values reproduce the page example; replace them with values from the same units and time period before using the result.
| Input | Starting example | Accepted value | How it is used |
|---|---|---|---|
| Estimated home value | 450,000 | 0.01 or greater | Supplies the estimated home value quantity used by the published equation or result breakdown. |
| Current mortgage balance | 250,000 | 0 or greater | Supplies the current mortgage balance quantity used by the published equation or result breakdown. |
| Home equity loan amount | 50,000 | 0.01 or greater | Supplies the home equity loan amount quantity used by the published equation or result breakdown. |
| Annual fixed interest rate (%) | 8 | 0 to 100 | Supplies the annual fixed interest rate (%) quantity used by the published equation or result breakdown. |
| Loan term (years) | 15 | 0.0833333333 to 50 | Supplies the loan term (years) quantity used by the published equation or result breakdown. |
| Upfront closing costs | 1,500 | 0 or greater | Supplies the upfront closing costs quantity used by the published equation or result breakdown. |
What a home equity loan is
CFPB describes a home equity loan as a lump sum secured by home equity, usually with a fixed rate. It is separate from the existing mortgage, whose payment remains due.
Equity and combined LTV
Equity is estimated value minus existing mortgage debt. Combined LTV compares both loans with value and is a screening measure, not an approval decision.
equity = value − mortgage balanceCLTV = (mortgage + new loan) ÷ value × 100Payment and total interest
The new loan is amortized in equal monthly payments. The result separates principal, interest and upfront costs and includes every schedule row.
Closing costs and APR
Upfront costs raise the economic cost even when they are paid in cash. APR may reflect certain charges; compare lender disclosures rather than payment alone.
Risk and estimate limits
Because the home is collateral, missed payments can put it at risk. Actual appraisal, liens, lender CLTV limits, taxes and insurance requirements are outside this model.
What the Home Equity Loan Calculator answers
Estimate a fixed home equity loan payment, combined LTV, closing costs and amortization.
Use Home Equity Loan Calculator when you know Estimated home value, Current mortgage balance, Home equity loan amount, Annual fixed interest rate (%), Loan term (years) and Upfront closing costs and need the relationship expressed by the published equation.
Inputs that affect the estimate
| Input | Used for |
|---|---|
| Home value | Equity and CLTV |
| Mortgage balance | Remaining equity |
| New loan | Payment and CLTV |
| Rate and term | Amortization |
| Closing costs | Cash cost |
Frequently asked questions
How much equity do I have?
Subtract mortgage balances from the estimated home value.
What is combined LTV?
It is all mortgage debt divided by home value.
Is a home equity loan fixed rate?
It commonly is, but confirm the written offer.
Does the payment include my first mortgage?
No. It shows the new home equity loan payment only.
Are closing costs financed?
This model reports them separately as upfront costs.
What question does this Home Equity Loan Calculator answer?
Estimate a fixed home equity loan payment, combined LTV, closing costs and amortization.
What to keep in mind
Your home secures the debt. Appraised value, eligibility, fees, taxes and lender limits can differ from this estimate.
Results are rounded for display in US format, with money in dollars and cents; CSV exports keep full calculation precision. This is a calculation summary, not an official certificate.