HOME EQUITY LOAN CALCULATOR

Calculate your home equity loan rate & monthly payment

Use this calculator to help estimate your personalized interest rate, monthly payment, and loan amount with a home equity loan (HELoan) 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 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–$249k 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 payment: For a home equity loan, the monthly payment is your total balance divided by the number of months in the term you choose.

Home equity resources

See more home equity content

Common questions

This includes the estimated amount of equity you have in your home (based primarily on CLTV—the sum of all loans secured by your home, divided by its value), your credit score range, your property’s location, and its primary use.

You may qualify through Prosper for a HELoan 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%

When you check your rate for a HELoan through Prosper, you’ll answer a few quick questions about your property and finances that will help us provide a more accurate interest rate and offer(s), if one or more are available.

Through Prosper there are a variety of terms available to suit borrowers’ needs, with terms available for 5, 10, 15, 20, 25 and 30 years.