HOME EQUITY LOAN CALCULATOR

Calculate your home equity loan rate & payment

Use this calculator to help estimate your personalized interest rate, payment, and loan amount with a home equity loan (HELoan) 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

Explore your home equity options

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 home equity loan calculator

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How to use this home equity loan calculator

  • Enter your desired funding amount. This number must be between $40K–$249k7 to be eligible for a home equity loan (HELoan) 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 loan amount you may be able to borrow with a home equity loan through Prosper.

How these results are calculated

  • Rate: This fixed percentage for a home equity loan is based on several factors, including your credit score, property characteristics, and the amount you want to borrow.
  • Max. loan amount: 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 payment6: For a home equity loan, the regular payment is your total balance divided by the number of months in the term you choose.

Home equity resources

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Common questions