Financial Calculators

HELOC Calculator

Free Canadian financial calculators built for Canadian tax rules, contribution limits, and rates, covering mortgages, TFSA & RRSP growth, RESP with CESG, GIC compounding, RRIF withdrawals, HELOC, and debt repayment. No sign-up required.

Home equity available and payoff timeline for a line of credit.

Utility calculators

Quick-answer tools for specific numbers — mortgages, registered accounts, savings, and debt

Your Home Equity

$
$
$

Max available: $300,000

%

Typically prime rate + 0.5% to prime + 1.5%

$

Minimum is interest-only

HELOC maximum = lesser of 65% of home value OR 80% LTV minus your mortgage balance. Rates are variable (prime-based).

HELOC Summary

Max HELOC Available

$300,000

 

Monthly Interest-Only

$290

 

Payoff Time

6.5 years

 

Total Interest

$12,253

 

Current equity$450,000
LTV after HELOC draw46.7%

Compare real rates from Canadian credit unions

Many credit unions offer better rates than what you're calculating with. See the current leaders.

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