Best 9 Home Equity Calculators in 2026: Compare Key Features

Introduction

HELOC Calculator: Home Equity is a strong all-around home equity calculator for estimating borrowing capacity and loan costs. This roundup compares nine mobile apps for checking equity, exploring HELOCs or home equity loans, and planning repayments. Features and availability differ by platform.

Quick comparison

1. HELOC Calculator: Home Equity

Best for: Android users who want to estimate HELOC availability and loan costs in one place.

Enter your home’s value and mortgage balance to estimate available HELOC credit. The app also calculates home equity loan payments, interest, and amortization. Having borrowing-capacity estimates and repayment tools together makes it a useful starting point for exploring both how much you might access and what it could cost.

2. Fairhome

Best for: Android users who want to track equity and compare ways to borrow against it.

Fairhome tracks estimated home value, mortgage balance, equity, and loan-to-value ratio. You can also compare HELOCs, home equity loans, and cash-out refinancing in the same app. Its side-by-side comparisons go a step beyond an equity estimate, helping you consider different ways to use that equity.

3. HomeKey: Mortgage Calculator

Best for: Android users who want mortgage tracking alongside home equity and borrowing calculators.

HomeKey: Mortgage Calculator combines mortgage balance and home equity tracking with separate HELOC and mortgage calculators. It’s a practical mix if you want to see how your loan is changing while also testing borrowing or payment scenarios. The main draw is having those tracking and calculation tools together, rather than switching between separate apps.

4. Iota Home: Mortgage Calculator

Best for: Android users comparing long-term mortgage scenarios and equity growth.

Iota Home: Mortgage Calculator supports mortgage scenarios, equity growth and milestones, and cash-out refinance planning. The milestones can help you see how financing choices relate to projected ownership over time. It offers more planning tools than a basic home equity calculator, especially if you’re comparing mortgage options or considering a cash-out refinance.

5. HELOC Loan Payment Calculator

Best for: iPhone users who need to understand HELOC payments across different loan stages.

HELOC Loan Payment Calculator estimates borrowing capacity from your home value and mortgage balance, calculates payments, and lets you compare scenarios. It models both the draw period and repayment period, when payment expectations can differ. That makes it a useful iOS option if you want to look beyond available credit and see how repayment might work.

6. Home Equity Calculator

Best for: Android users who want to explore how payments and a home sale affect loan payoff.

Home Equity Calculator calculates home equity and loan amortization, including the effect of extra principal payments. It also lets you account for selling before the loan is fully paid off. That sale scenario stands out, giving you a way to consider how payoff timing could affect the equity left when you sell.

7. Mortgage Pal - Loan Calculator

Best for: iPhone users looking for a HELOC estimate within a broader loan calculator.

Mortgage Pal - Loan Calculator includes a HELOC calculator that uses home value and existing mortgage details to estimate available credit and calculate payments. It links the equity estimate directly to payment calculations. If you want a HELOC tool alongside other loan calculators on iPhone, this app covers both without focusing only on equity.

8. Rate: Home, Finance & Wellness

Best for: Android users who want home-value and equity tools alongside options to apply for financing.

Rate: Home, Finance & Wellness offers mortgage and home equity tools, including home-value and equity tracking. You can also access applications for HELOCs and home equity loans. That sets it apart from apps limited to estimates, though using the app to explore financing doesn’t make an estimate a lending decision.

9. Amortize: Mortgage Calculator

Best for: Android users weighing mortgage or refinance calculations alongside a reverse mortgage scenario.

Amortize: Mortgage Calculator includes mortgage and refinance calculators, along with a reverse-mortgage calculator that has an equity projection chart. The chart shows projected equity as part of the reverse-mortgage calculation. This makes the app a more specialized fit for homeowners considering reverse-mortgage scenarios than for general HELOC borrowing.

How we picked these apps

We chose apps based on how directly they address home equity, HELOC borrowing, loan payments, or related home-financing plans. Some estimate available credit using home value and mortgage balance. Others focus on equity tracking, repayment estimates, or financing comparisons.

Platform availability matters, too. This list includes Android and iPhone apps, and similarly named calculators aren’t necessarily the same product. Some apps focus on calculations and tracking, while Rate also provides access to financing applications.

Treat all calculations as estimates. Results depend on inputs such as home value, mortgage balance, loan amount, interest rate, and term, as well as the assumptions each calculator uses. Check the lender’s terms before deciding to borrow.

Frequently asked questions

What does a home equity calculator estimate?

A basic home equity estimate is your home’s estimated value minus the remaining mortgage balance. A lender’s loan-to-value limits may reduce how much of that equity you can borrow, so an app estimate isn’t a loan approval or lender quote.

What information do I need to use one?

You’ll usually need an estimated home value and current mortgage balance. Payment estimates may also require a loan amount, interest rate, and term. Results depend on the accuracy of your inputs and the calculator’s assumptions, so check lender terms before relying on a borrowing or payment estimate.

Should I use a HELOC or a home equity loan calculator?

A HELOC calculator can model a line of credit with a draw period followed by repayment. A home equity loan calculator generally estimates payments on a lump-sum loan with a repayment schedule. Choose the one that fits the borrowing you’re considering, and compare total costs and terms, not just the monthly payment.

The verdict

HELOC Calculator: Home Equity stands out in this roundup because it pairs an available-credit estimate with loan-payment, interest, and amortization calculations. Fairhome is another good option for tracking equity and comparing borrowing methods. For iPhone users, HELOC Loan Payment Calculator can help model draw and repayment periods. Confirm estimates and terms with a lender before borrowing.