The home equity calculator is for illustrative and educational purposes only. Rates and payments are estimates and subject to change. Annual Percentage Rate (APR) calculation includes an origination fee, which is a finance charge, and does not include additional fees and charges that may be applicable. Your APR is based on the specific characteristics of your credit application including, but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan-to-value, and/or geographic location. Loans for mobile homes, boats, RVs, and homes for sale, under construction or on leased land are not available. Additional terms and conditions may apply on loans for Co-Ops (only available in DC & NYC) or for properties valued greater than $2.5 million. Property insurance is required.

Maximum Loan/Line Amount is determined by maximum combined loan-to-volume (CLTV). Combined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Maximum combined loan-to-value (CLTV) is based on creditworthiness, property type, occupancy, lien position and loan amount. Occupancy is related to how you use the property. 1) Primary: a property in which you live most of the year; 2) Secondary: a property in which you live part of the year (e.g., weekends or vacations); 3) Investment: a property that is used by others, in which you may or may not receive rent. Lien position may affect the maximum loan amount. This does not constitute a credit decision by the bank to approve a loan for the maximum amount.

For Home Equity Line of Credit: APR is variable based on the Wall Street Journal Prime Default Value% to Default Value%, and will not exceed 18%. As of Oct 25, 2019, Prime Rate is Default Value%. Rate shown includes discount of 0.25% requiring a TD Bank personal checking account. The discount may be terminated and the interest rate on this account may increase by 0.25% upon closure of the personal checking account. The annual fee (except on line amounts less than $50,000) is assessed beginning on the one-year anniversary.

For Home Equity Loan: The interest rate is fixed for the life of the loan. As of Oct 25, 2019, APRs for Home Equity Loans range from NA% to Default Value%, and will not exceed 18%. Rate shown is based on collateral in second lien position and includes discount of 0.25% requiring Automatic Payment Deduction from a TD Bank personal checking or savings account. This discount may be terminated and the interest rate on this account may increase by 0.25% upon cancellation of the automatic payment deduction.

Loans subject to credit approval. Equal Housing Lender