Home Equity Calculator — Free, No Sign-Up

Your home today

Which home? your Portfolio homes

Home value

Mortgage balance

Your current mortgage payment $/mo · excluding taxes & insurance

The two ways to tap

HELOC rate % · variable

Cash-out refi rate % · 30-yr fixed

Max combined LTV % · lender cap, typically 80–85

Cash-out closing costs % of new loan

How much do you want to tap?$100,000

You can tap up to $262,000 — tapping $100,000 costs about $708/mo with a HELOC.

Total equity $402,000 · lender cap keeps 20% untouched · HELOC $708/mo vs cash-out $942/mo — the cash-out reprices your whole loan, which is why it starts higher.

Max you can tap: $262,000
HELOC: $708/mo
Cash-out refi: $942/mo

Added monthly cost, by amount tapped

HELOC (interest-only)Cash-out refi (vs today’s payment)

Side by side

	HELOC	Cash-out refi
Added monthly cost for $100,000	$708/mo	$942/mo
Rate	8.50% variable	6.76% fixed
Your current mortgage	Untouched	Replaced entirely
Upfront costs	Low / often none	~3% of the new loan
Best when	Rates are high & you may repay early	Refi rate ≤ your current rate

HELOC cost shown is the interest-only draw-period payment at a variable rate — it can rise, and principal comes due later. A cash-out refinance replaces your entire loan at today’s rate: if your current rate is lower, you pay that spread on every borrowed dollar. Either way your home is the collateral. Estimates only — not financial advice.

Tapping equity is spending your future sale. Worth it for the right reason — just know the monthly cost before you commit.