HELOC Calculator

Estimate your available home equity and potential monthly payments

Current HELOC Rate: 6.50% APR*

Calculate Your Home Equity

Enter your home details below to see how much you might be able to borrow with a HELOC.

$
$
$
%
Current HELOC rate: 6.50% APR. Your actual rate may vary.

Your Estimated Results

Total Home Equity $0
Maximum HELOC (80% LTV) $0 Based on combined loan-to-value of 80%
Loan-to-Value Ratio 0% Current mortgage as % of home value

Ready to get your actual rate?

Apply Now

* This calculator provides estimates for informational purposes only. Actual loan amounts, rates, and terms are subject to credit approval and may differ. Contact a BrightStar mortgage specialist for personalized information.

How We Calculate Your HELOC

1

Home Equity

Your total equity is your home's current market value minus your remaining mortgage balance.

Home Value - Mortgage = Equity
2

Combined LTV

Lenders typically allow borrowing up to 80% of your home's value (combined loan-to-value ratio).

(Mortgage + HELOC) / Home Value ≤ 80%
3

Maximum HELOC

Your maximum HELOC is 80% of your home value minus your current mortgage balance.

(Home Value × 80%) - Mortgage = Max HELOC

Example Scenario

South Florida Homeowner

  • Home Value: $500,000
  • Current Mortgage: $300,000
  • Interest Rate: 8.5% APR

HELOC Potential

  • Total Equity: $200,000
  • Max HELOC Amount: $100,000
  • Monthly Interest (on $50k): ~$354

With a $500,000 home and $300,000 mortgage, this homeowner could access up to $100,000 through a HELOC while staying within the 80% combined LTV limit.

Ready to Unlock Your Home's Equity?

Get a personalized quote from a BrightStar mortgage specialist. We'll help you understand your options and find the best HELOC for your needs.

Start Your Application