Mondo Knows Tools
Home Equity Loan Calculator
Payment on a fixed-rate home equity loan. Use the free home equity loan calculator below to get an instant answer, with the formula shown so you can check the maths and trust the result. Free, private, and no sign-up.
$
%
years
Mondo says
Monthly payment
$492.37
/mo
Total interest$38,626.56
Total paid$88,626.56
Payments180
How it works
Home Equity Loan Calculator works out the level payment that clears the balance over the term, then splits every payment into interest and principal.
The formula
Payment = P x r / (1 - (1 + r)^-n), where r is the periodic rate and n the number of payments.Home Equity Loan Calculator: common questions
- What does the Home Equity Loan Calculator work out?
- Payment on a fixed-rate home equity loan. It is one of the Money & Finance tools on Mondo Knows.
- How is the Home Equity Loan Calculator calculated?
- Home Equity Loan Calculator works out the level payment that clears the balance over the term, then splits every payment into interest and principal. The maths is short enough to check by hand: Payment = P x r / (1 - (1 + r)^-n), where r is the periodic rate and n the number of payments.
- Do I need to sign up, and is my data stored?
- No sign-up, and nothing you type is sent anywhere. The calculation runs in your own browser, so the figures stay on your device and the page works offline once loaded.
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Estimates for general guidance only. This is not financial, medical or legal advice. Everything runs in your browser and nothing you type is stored.