HELOC CALCULATOR

Calculate your HELOC rate & monthly payment

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

Your info

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10/20yr term

Est. variable rate¹

0%

Est. credit line

$0

Est. monthly payment²

$0

Est. fixed rate⁴

0%

Est. loan amount

$0

Est. monthly payment²

$0

10/20yr term
HELOC

Est. variable rate¹

0%

Est. credit line

$0

Est. monthly payment²

Est. mo. payment²

$0

HELoan

Est. fixed rate⁴

0%

Est. loan amount

$0

Est. monthly payment²

Est. mo. payment²

$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

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 $500,000* at a low, variable rate. It functions like a credit card in that you can draw funds, as needed,* 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 $50K–$500k 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 payment: For a HELOC, the estimated interest-only monthly payment you could make during the 10-year draw period is tied to the current Prime rate.² (Keep in mind your monthly payment during the 20-year repayment period would be your full balance prorated over 240 months; learn more here.)

Home equity resources

See more home equity content

Common questions

You can pay off your outstanding balance at any time. Because HELOCs are lines of credit and typically have variable interest rates, monthly payment amounts are not usually fixed.

You may qualify through Prosper for a HELOC with a CLTV as high as 95%. CLTV is your outstanding mortgage loan debt and any other liens secured by your home expressed as a percentage of your home’s fair market value.
Example: 40,000 (mortgage balance owed) / $100,000 (home value) = CLTV 40%

To get a more accurate estimate, you’ll answer a few questions about your property and finances. This information will allow us to find your personalized interest rate and offer(s), if one or more are available.

Some of these factors include your credit score range, property characteristics, and the amount you want to borrow.