Calculators
A home equity loan sits behind your existing mortgage, not instead of it — see what borrowing against your equity actually adds to your monthly obligations.
$2,392
Combined monthly payment
$492
New loan payment
$330,000
Combined loan balance
66.0%
Combined LTV (CLTV)
These calculators provide estimates for educational purposes only — they are not a loan quote, rate lock, pre-approval, or commitment to lend, and actual figures depend on your full application, credit profile, and current rates through Unitas Lending. Property tax, insurance, and HOA figures are user-entered estimates, not verified amounts.
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Frequently Asked
A home equity loan is a lump sum with a fixed payment from day one — like a second mortgage. A HELOC is a revolving line you draw from as needed, usually with a variable rate and an interest-only draw period.
Lenders underwrite against combined loan-to-value (CLTV) — your existing mortgage plus the new loan, measured against your home's value. Most cap CLTV somewhere around 80-85%, though it varies by lender.