Home equity loan calculator

Use our home equity loan payment calculator and see how much your clients can save with a competitive HELOC rate. We offer simultaneous closings and stand-alone transactions, with brokers in 42 states and the District of Columbia.

Enter values to watch your savings grow
Total monthly savings: 0.00
Total annual savings: 0.00
* Calculator assumes that interest rates and TCF Loan Amount does not change. Changes in TCF Loan Amount, due to additional draws or reduction in principal balance, will affect monthly payment. Monthly savings are determined by subtracting the Interest Only TCF HELOC monthly payment from the MI or Jumbo Loan monthly payment. Total monthly savings and total annual savings figures are based on the 10 year Interest Only draw period.
* This calculator is for illustration purposes only; actual loan terms and eligibility subject to final credit approval.
* All fields are required.
Payment Calculation with MI or Jumbo
  • $750000
  • $600000
  • 4.25
  • 360
    Mo
    Yr
  • $150.00
  • LTV
    0.00
  • Monthly Mortgage Payment (PI only)
    0.00
  • Total Monthly Payment (MI + PI)
    0.00
Payment Calculation with TCF HELOC
  • $750000
  • $400000
  • 3.75
  • 360
    Mo
    Yr
  • Monthly PI Payment
    0.00
  • $200000
  • 6.24
  • LTV
    0.00
  • CLTV (maximum CLTV is 89.99%)
    0.00
  • Maximum CLTV has been exceeded.

    All fields are required. Please make sure you have entered values in all fields.
  • Draw Period - Interest Only (1st 10 years)
    TCF Payment 0.00
    Total Monthly Payment (1st Mortgage PI & TCF IO) 0.00
    Repayment Period - Amortized (Final 20 years)
    TCF Payment 0.00
    Total Monthly Payment 0.00