房屋净值贷款计算器
计算房屋净值贷款的月还款额和总利息成本。
每月还款额
$716.74
Monthly Payment vs Loan Term
公式
Home Equity Loan Basics
A home equity loan provides a lump sum at a fixed interest rate, repaid in equal monthly installments over a set term. Your home serves as collateral.
Payment Formula
Monthly Payment = P x r x (1+r)^n / ((1+r)^n - 1)
Where P is the loan amount, r is the monthly interest rate, and n is the total number of payments.
Typical Terms
计算示例
A $75,000 home equity loan at 8% fixed for 15 years.
- 01Monthly rate: 8% / 12 = 0.6667%
- 02Number of payments: 15 x 12 = 180
- 03Monthly payment: $75,000 x 0.006667 x (1.006667)^180 / ((1.006667)^180 - 1) = $716.74
- 04Total paid: $716.74 x 180 = $129,013
- 05Total interest: $129,013 - $75,000 = $54,013
- 06Interest-to-principal ratio: $54,013 / $75,000 = 72.0%
常见问题
What is the difference between a home equity loan and a HELOC?
A home equity loan gives you a lump sum at a fixed rate with fixed monthly payments. A HELOC is a revolving line of credit with a variable rate. Home equity loans are better for one-time expenses; HELOCs are better for ongoing or uncertain costs.
How much can I borrow with a home equity loan?
Most lenders allow you to borrow up to 80% of your home equity, though some go up to 85% or even 90%. The maximum is typically calculated as (Home Value x 0.80) minus your existing mortgage balance.
What happens if I cannot make the payments?
Since your home is collateral, defaulting on a home equity loan can lead to foreclosure. If you are struggling with payments, contact your lender about modification options before missing payments.