Home Equity Calculators

HELOC vs. loan

Should you get a home equity loan or a home equity line of credit, known as a HELOC? With a home equity loan, you get a lump sum. A HELOC provides you a revolving credit line, much like a credit card. This adviser program will help you determine whether a home equity loan or a HELOC is right for you.

Loan prequalification

Use this loan prequalification calculator as the first step in determining ability to qualify for a loan. While this loan prequalification calculator can't guarantee you will qualify for a new loan, it is a good check point.

Tax deductible loans

This tax deductible loan calculator helps determine the tax savings on loans or lines of credit with tax deductible interest payments. For a loan payment, select fixed term loan. For a line of credit payment, you can choose 2%, 1.5%, 1% of the outstanding balance or interest only.

Loan repayment calculator

This loan repayment calculator helps determine the loan or line payment. For a loan payment, select fixed term loan. For a line of credit payment, choose 2%, 1.5%, 1% of the outstanding balance or interest only.

Amortization calculator

Enter the desired payment into this amortization calculator - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment. Examine your principal balances by payment, total of all payments made, and total interest paid. Press the report button to see a monthly payment schedule.

Line of credit calculator

Use this line of credit calculator to determine how big a line of credit you may qualify to receive. The line of credit is based on a percentage of the value of the home. The more the home is worth, the larger the line of credit. Of course, the final line of credit received will take into account any outstanding mortgages there might be. This includes first mortgages, second mortgages, and any other debt secured by the home.

Debt consolidation

Consolidate debt? This debt consolidation calculator is designed to help determine if debt consolidation is right for you. Fill in the loan amounts, credit card balances and other outstanding debt. Then see what the monthly payment would be with a consolidated loan. Try adjusting the terms, loan types or rate until a consolidation plan fits your needs - and most importantly your budget!

Loan calculator

Use this loan calculator to look at a variety of possible loans. Use the slider controls to change the monthly payment, loan amount, interest rate or term. Press the view report button to see a complete amortization schedule, either by month or by year.

Loan payment calculator

Use this loan payment calculator to analyze an existing loan. Calculate the remaining balance based on the number of monthly payments that are remaining. Then click on the view report button for a complete, payment by payment, amortization schedule of the loan.

Line of credit payoff

When will my line of credit be paid off? Use this line of credit pay off calculator to see what it will take to payoff a line of credit, and what can change to meet your repayment goals.

Loan comparison

Determining which loan provides the best value involves more than simply comparing monthly payments. Use this loan comparison calculator to sort through the monthly payments, fees and other costs associated with getting a new loan. By comparing these important variables side by side, this loan comparison calculator can help you choose the loan that works best for you.

Additional payments

Use this additional payment calculator to determine the payment or loan amount for different payment frequencies. Make payments weekly, biweekly, semimonthly, monthly, bimonthly, quarterly or annually. Then examine the principal balances by payment, total of all payments made, and total interest paid.

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Last modified: 12/14/08