Line of Credit Vs. Home Equity Loan Calculator

When you are thinking about obtaining a line of credit, it is a good idea to compare different offers. This calculator will compute your tax savings when choosing a line of credit loan over a home equity loan.

Loan amount ($):
Interest Rate (%):
Loan term (# of months):
Discount points (%):
Upfront loan costs ($):
Your combined state and federal tax rate (%):
Results Loan Line of Credit
Total tax savings:
Total interest cost:
Monthly payment:
Amount owed at end of loan term:
Effective interest rate:

Other HELOC Features

HELOC calculator
This HELOC calculator will tell you how much you can borrow, how much your monthly payments will be, and how much tax savings you can expect to realize based on the values you input. The HELOC calculator will generate a monthly payment either for fully-amortized HELOC loans or loans requiring interest-only payments.

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