HELOC CALCULATOR

Calculate your HELOC rate & payment

Use this calculator to help estimate your personalized interest rate, payment, and line amount with a HELOC through Prosper.

Your info

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30yr term1,5
HELOC terms are divided into a draw and repayment period. During the draw period, you can draw on your line as needed,⁴ and you may make interest-only payments² or pay down your principal. The repayment period is when you’ll need to repay principal and interest.

Est. variable rate1,5

0%

Est. credit line4

$0

Est. monthly payment1,5

$0

Est. fixed rate

0%

Est. loan amount7

$0

Est. monthly payment6

$0

30yr term1,5
HELOC terms are divided into a draw and repayment period. During the draw period, you can draw on your line as needed,⁴ and you may make interest-only payments² or pay down your principal. The repayment period is when you’ll need to repay principal and interest.

HELOC

Est. variable rate1,5

0%

Est. credit line4

$0

Est. monthly payment1,5

Est. mo. payment1,5

$0

Est. fixed rate

0%

Est. loan amount7

$0

Est. monthly payment6

Est. mo. payment6

$0

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This calculator is a self-help tool for your independent use and is intended for illustration purposes only. Results aren’t guaranteed, and may not be relevant to your specific circumstance.

See your home equity options side-by-side

See your home equity options side-by-side

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Home equity line of credit (HELOC)

A HELOC is a flexible line of credit that uses your home equity to access up to $500,0004 at a low, variable rate. It functions like a credit card in that you can draw funds, as needed,4 up to a limit based on your home's equity.3
Flexibility in usage
Flexibility in payments
Flexibility in usage & payments
Learn more

Home equity loan (HELoan)

A HELoan functions like a mortgage with a loan amount based on your home's equity. With one-time funding, a fixed rate and a steady repayment schedule, there's no temptation to outspend your budget.
One-time funding
Steady payments
One-time funding · Steady payments
Learn more

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About our HELOC calculator

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How to use this HELOC calculator

  • Enter your desired funding amount. This number must be between $17.5k–$500k4 to be eligible for a home equity line of credit (HELOC) through Prosper.
  • Enter your property details: state where your property’s located, estimated home value, estimated mortgage balance, and property type.
  • Select your credit score range.
  • Click or tap “Calculate”.
  • The calculator will estimate the credit line you may be able to borrow with a home equity line of credit through Prosper.

How these results are calculated

  • Rate: This variable percentage for a HELOC is based on several factors, including your credit score, property characteristics, and the amount you want to borrow.
  • Max. credit line: This value is based on how much equity you have in your home, your credit score range, and your property’s location and primary use.
  • Monthly payment1,5: For a HELOC, the estimated interest-only2 regular payment you could make during the draw period is tied to the current Prime rate. (Your regular payment during the repayment period would be your prorated full balance—learn more here.)

Home equity resources

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