Home Equity Loan Calculator | 2nd Mortgage Estimator
Estimate monthly payments and loan terms for a home equity second mortgage. Calculate debt limits and CLTV ratios based on your home value.
Monthly Second Mortgage Payment
$473
Fixed Rate P&I (Amortized)
Current CLTV50%
Max Borrowable Limit$150,000
Financed Principal$51,000
Closing Cost Amount$1,000
Equity & Loan Parameters
Closing Costs Configuration
LTV Stack Comparison
Home Equity Loan Guidelines
A Home Equity Loan is a second mortgage with a fixed rate and term. If the requested amount + first mortgage balance exceeds the lender LTV limit (usually 80-85%), approval may be restricted.