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Home Equity Line of Credit – Fixed-Rate Option Calculator

Your TD Bank Home Equity Line of Credit can be converted from a variable rate to a fixed rate - either all of it or a portion of it. Use the calculator below to see what your monthly payments could be.

Fixed-Rate Option Payment Calculator

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Loan or line amount

Fixed-rate option features*

  • Eligibility: You must have an eligible, existing TD Bank Home Equity Line of Credit
  • Create up to three fixed-rate options without needing to reapply
  • Pay fixed principal and interest monthly payments on the portions with the fixed-rate option
  • Maximum term cannot exceed the remaining term of the Home Equity Line of Credit
  • Keep accessing the rest of your available line of credit
  • Check with your tax advisor to see if the interest you pay is eligible for a tax deduction

*Information regarding the Fixed -Rate Option:

You must have an eligible, existing TD Bank Home Equity Line of Credit to have the option to fix the interest rate on all or part of the outstanding principal balance at any time during the Draw Period or Repayment Period ("Fixed Rate Option"). We will help you determine if your home equity line of credit is eligible and the amount of outstanding principal and interest sufficient to amortize the Fixed Rate Option over the term you select. The maximum term of any Fixed Rate Option cannot extend beyond the Repayment Period. The minimum amount upon which you may fix the rate is $5,000. You may have up to three (3) Fixed Rate Options outstanding at any one time. The Fixed Rate Option rates are based on the current Home Equity Loan rates for a comparable term and any applicable rate discounts at the time the Fixed Rate Option request is made. Your Fixed Rate Option payments will be a fixed dollar amount that will be established at the time you request to fix the rate. Your Fixed Rate Option payments will be billed on the same statement as your other payments and all payments will be combined and have the same due date. You understand that as you pay down the portion of your outstanding balance upon which you fixed the interest rate, the funds will become available again for advances during the Draw Period. Rates and Annual Percentage Rate (APR) displayed on this page are specific to the Fixed Rate Option only. Rates are subject to change.

Loans subject to credit approval. Equal Housing Lender