Chase Home Equity Calculator
Calculate your Chase home equity loan and HELOC borrowing power. Compare fixed-rate vs variable options and estimate monthly payments.
🏠Property Information
Current Equity
$150,000
Current LTV
62.5%
💰Loan Details
Max available: $70,000
⭐Rate Adjustments
📊Your Chase Home Equity Options
Available Equity
80% CLTV$70,000
Max borrowing: $70,000 (Chase limit: $500k)
Combined LTV
Qualified80.0%
Must be ≤80% to qualify
🔒Home Equity Loan (Fixed)
Interest Rate9.50% APR
Monthly Payment$731
Total Interest (15 years)$61,572
✓ Fixed rate & payment
✓ Lump sum disbursement
✓ Predictable budgeting
📈HELOC (Variable)
Interest Rate9.25% APR
Monthly Payment (Interest-only)$540
Rate FormulaPrime + 1.00%
✓ Draw as needed (10-year period)
✓ Interest-only payments initially
✓ Flexibility for ongoing projects
💡 Your Discounts Applied
✓Auto-Pay: -0.25% APR
📝
Important Notes
- • Chase minimum: $25,000 | Maximum: $500,000 (some markets up to $1M)
- • 660+ credit score required (720+ for best rates)
- • 43% max debt-to-income ratio
- • Closing costs: $0 option available (higher rate) or $500-$2,000
- • HELOC early closure fee: $300-$500 if closed within 3 years
- • Property insurance and title search required