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HELOC Calculator

Estimate your home equity line of credit limit, monthly interest and how it compares with refinancing. OSFI note: total secured borrowing is capped at 80% of home value, the HELOC portion at 65%. Simplified 2026 estimate.

Your details

Instant result — 2026 defaults filled, edit anything. All fields are prefilled with the 2026 Canada defaults and the result shows instantly. Change any field and it recalculates instantly. Reset restores the 2026 defaults.

Home value ($)Prefilled with the 2026 default — edit if you want, e.g. 600000.

Current mortgage balance ($)Prefilled with the 2026 default — edit if you want, e.g. 300000.

HELOC interest rate (%)Default: 7% — you can change it.

Amount you plan to draw ($)Prefilled with the 2026 default — edit if you want, e.g. 50000.

Your results

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Calculated with the 2026 Canada rules shown on this page. This is not tax, legal or financial advice, and not an official CRA / Service Canada determination.

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About HELOC Calculator

FAQs

What does this calculator do?

How do I use it?

The result appears instantly with the 2026 defaults filled in — edit any field and it updates instantly, with no signup.

Is the result official?

No. This is a calculator estimate based on the 2026 rules shown on this page, not an official CRA / Service Canada determination. Check official rules for your case.

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