Run the numbers on a purchase, refinance, home equity loan, or debt consolidation.
Find out how much equity you can tap and what the payment could be.
Equity you may be able to borrow
$175,000
Payment (principal + interest)
$639
Interest-only payment
$516
Borrowing
$75,000
Combined LTV
65.0%
Interest-only applies to HELOC draw periods where offered; HELOC rates are usually variable. Maximum CLTV depends on the program, occupancy, and credit score.
* This estimate is provided for illustrative and informational purposes only and does not constitute a loan approval or commitment to lend. Actual rate, APR, and payment will depend on your credit profile, loan program, and market conditions at the time of rate lock. 1st 2nd Mortgage Co. of N.J., Inc. — NMLS # 115981.