HB Mortgage Centre

Home Equity Tools

HELOC Calculator

Estimate your potential home equity line of credit limit and an interest-only payment. This is an estimate to help you plan, not an offer, approval, or eligibility decision.

Since December 2021, HB Mortgage Centre has funded over $1 billion in mortgages through more than 50 lenders.

Written by the HB Mortgage Centre team. Reviewed by Hardeep Batoo, Principal Broker (licence M13002408). HB Mortgage Centre is an FSRA-licensed brokerage (#13449). Last updated: June 23, 2026.

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Calculator

Estimate Your HELOC Limit

If blank, the payment estimate uses the full available limit.

This is an estimate only. Subject to qualification. Not an offer or approval. The 65% revolving cap and 80% combined cap are standard assumptions; your actual limit depends on your equity, income, credit, and the lender. Interest-only payments do not reduce principal.

Estimate only. The 65% revolving cap and 80% combined cap are standard assumptions; subject to lender qualification.

How to use it

Enter your home value and mortgage balance, then a rate. The estimate shows roughly how much line you might access and the interest-only payment on what you draw. The caps are assumptions; your actual limit depends on your equity, income, and the lender.

A note on limits and interest-only

The revolving portion of a HELOC is commonly capped at up to 65 percent of your home's value, within a higher overall combined limit. Interest-only payments keep flexibility, but they do not reduce principal, so the balance can linger if you do not pay it down.

What it does not do

This calculator does not approve you, confirm eligibility, or quote a rate. Treat the limit as a planning estimate, not an approval: your actual line depends on your equity, income, credit, and the lender's caps.

Common Questions About HELOCs

Related Resources

Mortgage approvals, rates, terms, products, fees, and available lender options are subject to lender approval, borrower qualification, property review, market conditions, documentation, title review, and applicable laws. O.A.C. E.&O.E. HB Mortgage Centre is an FSRA-licensed Ontario mortgage brokerage, FSRA Brokerage #13449. Each Mortgage Centre is independently owned and operated. This website provides general information only and does not provide legal, tax, financial planning, estate planning, investment, accounting, or benefits advice. For legal matters, speak with an Ontario lawyer. For tax, estate, benefit, investment, or accounting questions, speak with a qualified advisor before making a decision.

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