Home Equity Calculator Results

The home equity calculator is for illustrative and educational purposes only. Rates and payments are subject to change.

¹Maximum 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 occupancy: a property in which you live most of the year; 2) Secondary occupancy: 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.

²For Home Equity Line of Credit: Minimum interest-only amount you pay each month during your 10-year draw period. If you pay interest-only, you still owe the amounts drawn and your monthly payment will increase when the interest-only period ends.

For Home Equity Loan: Fixed amount you pay each month that includes both principal and interest.

³Your actual Annual Percentage Rate (APR) may be higher than the rates shown. APR is variable based on the Wall Street Journal Prime Default Value% to Default Value%, and will not exceed 18%. As of Jan 29, 2019, Prime Rate is Default Value%. APR calculation includes an origination fee, which is considered a finance charge, and does not include additional fees and charges that may be applicable. A TD Bank personal checking account is required to be eligible for the additional Default Value% rate discount, which is reflected in the rate shown here. The relationship discount may be terminated and the interest rate on this account may increase by Default Value% upon closure of the personal checking account.

⁴Your actual Annual Percentage Rate (APR) may be higher than the rates shown. The interest rate is fixed for the life of the loan. As of Jan 29, 2019, APRs for Home Equity Loans range from NA% to Default Value%. The APR will not exceed 18%. Rate shown includes discount of 0.25% requiring Automatic Payment Deduction from a TD Bank personal checking or savings account. Origination fee of $99, which is a finance charge, applies.

Loans subject to credit approval. Equal Housing Lender