Home Equity Loan Amount and Payment Calculators
Find out how much of your home's equity you could tap into with a home equity loan or line of credit. Then, calculate what your loan payments could be.
This calculator is for general education purposes only and is not an illustration of current Navy Federal products and offers.
Estimate the Amount You Could Borrow
Fill out the information below to see how much you could borrow with a home equity loan or home equity line of credit (HELOC). Then, scroll down to our payment calculator to see how much your monthly payment could be.
How can I figure out my max loan-to-value (LTV) ratio?
A common rule of thumb is to maintain at least 20% equity in your home after taking out a loan or line of credit. In other words, the amount you owe on your mortgage plus the amount you would owe on a home equity loan or home equity line of credit ideally shouldn’t exceed 80% of the home’s value (the “loan-to-value ratio,” or LTV). To calculate your LTV ratio, divide your current loan balance by the appraised value of your home and multiply the answer by 100.
Additional Resources
What is home equity?
What is home equity? Learn the basics here, and find out if a Navy Federal home equity loan can help you today.
Learn more about Navy Federal's Car Buying Service
How to apply for a home equity loan.
Ready for a home equity loan, but not sure how to start? Our application process will guide you step by step, helping you to apply for a home equity loan.
Learn more about the car-buying process about the car-buying processabout the
about car refinancing rates
Disclosures
Calculator results are estimates based on information you provide and Navy Federal does not guarantee your ability to receive these terms.
This calculator is made available to you as a self-help tool for your independent use and is not intended to provide investment advice. We cannot and do not guarantee its accuracy or its applicability to your individual circumstances. All examples are hypothetical and are for illustrative purposes. This content is intended to provide general information and shouldn't be considered legal, tax, or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.
Use of this calculator is neither a request for credit nor a loan commitment. The terms you input into this calculator may not be terms that are available on any Navy Federal loan. All loans are subject to credit approval.
Depending on the loan type, Navy Federal rates can be based on a number of factors not considered in this calculator, including creditworthiness, loan term, loan-to-value (LTV), occupancy, collateral type, and loan purpose, so your rate and terms may differ. Additionally, certain Navy Federal loans require payment or the proof of payment of certain items not accounted for in this calculator (e.g., taxes, insurance, closing costs, etc.). As a result, this calculator may not account for all of the costs that might be incurred in connection with a Navy Federal loan and that may be added to a monthly payment or be paid independently of a loan payment.
This calculator may not account for Navy Federal special promotions or discounts that may be made available to borrowers based on certain criteria.
Additional factors for home equity lines of credit: Navy Federal’s home equity line of credit is a variable-rate, open-end credit product that requires minimum monthly payment amounts as provided for in the line of credit agreement. This calculator does not calculate a payment amount in a manner consistent with Navy Federal’s home equity line of credit agreement.
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.