Home Equity Loan Calculator — Monthly Payment, Total Interest, and CLTV Check
Calculate your fixed monthly payment, total interest paid over the loan term, all-in cost, and combined loan-to-value ratio after borrowing. See whether you clear the typical 85% CLTV lender limit.
This loan costs about $29,641 in total interest over 15 years, leaving you at 75.56% CLTV.
See current home equity loan rates
This is an educational estimate, not tax, legal, investment, or lending advice. Tax rules, rates, and eligibility change and depend on your full situation. Confirm with a qualified professional or the provider before acting.
Coach Insight
A home equity loan is a fixed-rate, fully amortizing loan secured by your home. Unlike a HELOC, your payment does not change and there is no draw period — you borrow once and pay it down over the term. The total interest cost over 10-30 years is the number most people underestimate, and the CLTV determines whether most lenders will approve you in the first place.
Reviewed Jun 19, 2026 · Methodology
Rates shown are representative APRs for illustrative purposes. Actual rates vary significantly by credit score, loan amount, down payment, points paid, property type, state, and lender underwriting. Verify current rates directly with each lender before applying. Ranked using the SwitchWize methodology. SwitchWize may earn a referral fee if you proceed through a link above. Learn more
Frequently Asked Questions
Frequently Asked Questions
Everything you need to know.
Why This Matters
A home equity loan is a fixed-rate, fully amortizing loan secured by your home. Unlike a HELOC, your payment does not change and there is no draw period — you borrow once and pay it down over the term. The total interest cost over 10-30 years is the number most people underestimate, and the CLTV determines whether most lenders will approve you in the first place.
How to Use It
- 1Enter your current home value and remaining mortgage balance
- 2Enter the loan amount you want to borrow
- 3Set the APR and loan term
- 4See your monthly payment, total interest, and CLTV — and compare to the HELOC alternative
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