HELOC Available Calculator
Use this free HELOC Available calculator to make better property management decisions. Enter your values below to get instant results.
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How to Use This Calculator
- 1 Enter home value
- 2 Enter current mortgage balance
- 3 Calculate available equity
- 4 Apply 80-85% LTV limit
- 5 See potential HELOC amount
Example Calculation
$450K home, $300K mortgage
Inputs:
- Value: $450,000
- Mortgage: $300,000
- Max LTV: 80%
Result:
Max combined: $360K. HELOC available: $60,000
Important Considerations
- • HELOCs on investment property are harder to get
- • Rates are variable—budget for increases
- • Line can be frozen if home value drops
Frequently Asked Questions
HELOC: flexible draw, variable rate, keeps existing mortgage. Cash-out: fixed rate, replaces mortgage, higher closing costs.
Usually prime + 0-2%. Variable rate. Currently 8-10%. Draw period typically 10 years, then repayment.
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