Home equity rate & payment calculator
Tapping into your home equity may help you save money. Answer a few quick questions to get started.
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Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rate and program terms are subject to change without notice. Mortgage, Home Equity and Credit products are offered through U.S. Bank National Association. Deposit products are offered through U.S. Bank National Association. Member FDIC. 
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U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.
The Consumer Pricing Information disclosure lists fees, terms and conditions that apply to U.S. Bank personal checking and savings accounts and can be obtained by visiting a branch or calling 800-872-2657.
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Home Equity Line of Credit: 0.99% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with a 60% loan-to-value (LTV) or less. The Introductory Interest Rate will be fixed at 0.99% during the 6-month Introductory Period. An introductory rate of 1.99% will apply for an LTV above 60%. Promotional offer is available for new applications for a limited time and program may end at any time without notice. After the 6-month introductory period: the APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal.
As of September 1, 2021, the variable rate for Home Equity Lines of Credit ranged from 3.65% APR to 8.80% APR. Rates may vary due to a change in the Prime Rate, a credit limit below $100,000, a loan-to-value (LTV) above 70% and/or a credit score less than 730. A U.S. Bank personal checking account is required to receive the lowest rate, but is not required for loan approval. Customers in certain states are eligible to receive the preferred rate without having a U.S. Bank personal checking account. The rate will never exceed 18% APR, or applicable state law, or below 3.25% APR. Choosing an interest-only repayment may cause your monthly payment to increase, possibly substantially, once your credit line transitions into the repayment period. Repayment options may vary based on credit qualifications. Interest-only repayment may be unavailable. Loans are subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Credit line may be reduced or additional extensions of credit limited if certain circumstances occur. The maximum allowable line amount in New York is $100,000.
An early closure fee of 1% of the original line amount, maximum $500, will apply if the line is paid off and closed within the first 30 months. Property insurance is required. Other restrictions may apply. Customer pays no closing costs. Initial escrow related funding costs may apply. An annual fee of up to $90 may apply after the first year and is waived with a U.S. Bank Platinum Checking Package.
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Home Equity Loan: As of March 10, 2021, the fixed Annual Percentage Rate (APR) of 3.80% is available for 10-year second position home equity installment loans $50,000 to $99,999 with loan-to-value (LTV) of 70% or less. Rates may vary based on LTV, credit scores or other loan amount. In order to receive the lowest rate advertised, a set-up of automatic payments from a U.S. Bank personal checking or savings account is required but neither are required for loan approval. Loan payment example: on a $50,000 loan for 120 months at 3.80% interest rate, monthly payments would be $501.49. Payment example does not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included and an initial customer deposit may be required if an escrow account for these items is established. APR is 3.80%. Home equity loans not available for properties held in a trust in the state of Oklahoma. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Property insurance is required. Other restrictions may apply.
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Smart Refinance: As of July 17, 2021, the fixed Annual Percentage Rate (APR) of 2.84% is available for 15-year first position home equity installment loans $50,000 to $200,000 with loan-to-value (LTV) of 70% or less. Rates may vary based on LTV, credit scores or other loan amount. In order to receive the lowest rate advertised, a set-up of automatic payments from a U.S. Bank personal checking or savings account is required but neither are required for loan approval. Loan payment example: on a $100,000 loan for 180 months at 2.84% interest rate, monthly payments would be $682.91. Payment example does not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included and an initial customer deposit may be required if an escrow account for these items is established. APR is 2.84%. Smart Refinance loans not available for properties held in a trust in the state of Oklahoma. Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Property insurance is required. Other restrictions may apply.
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