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Business HELOC Calculator

See your equity as a monthly payment

Set your home value, pick a term and rate, and see what a Business HELOC would actually cost each month — without touching your existing mortgage.

Your property & loan

$650,000
$100k$2M+
$300,000
$0$1.5M+
$100,000
$10,000$252,500 max
8.5%
7%11%

Term

Property use

Your monthly payment

Fully amortizing, 20-year term

$868/mo

Interest-only, during draw

$708/mo

Combined loan-to-value

62%

62% across your existing mortgage and this draw, against a 85% limit.

You meet the minimum

Your selected credit range clears the 625+ minimum for a primary residence. Income and combined loan-to-value still apply.

See your real rate

Checking your rate takes a few minutes and won't affect your credit score. No in-person appraisal needed for lines under $400,000.

Check my rate

Estimates only, based on the figures you entered. Not an offer or commitment to lend. Actual rates and terms depend on credit approval, appraisal, and eligibility.

Why a HELOC instead of a refi?

Both get you cash from your equity, but they do it in very different ways — and one is usually more expensive than it needs to be.

Usually the better fit

Business HELOC

  • Your existing first mortgage stays exactly as it is, rate and all. If you locked in a low rate years ago, a HELOC does not touch it.
  • Draw what you need, when you need it, so you are not paying interest on a lump sum sitting in your account.
  • Lower closing costs and a faster close, typically days instead of the weeks a full refinance takes.
  • Redraw as you repay, so the same line can serve future needs.

Worth it in one case

Cash-Out Refinance

  • Replaces your entire first mortgage at a new rate, worth considering if your current rate is higher than today’s rates.
  • One fixed payment for the full balance, which can simplify things if you want one loan instead of two.
  • You receive the entire amount as a lump sum and pay interest on all of it from day one, whether you use it yet or not.
  • Higher closing costs and a longer process, since you are closing on the entire mortgage again.

The short version: if your current mortgage rate is good, a HELOC lets you tap equity without giving that rate up. If your current rate is already high, a full refinance may be worth comparing too.