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  • Home loans  / 
  • Home equity  / 
  • Home equity rate and payment

Home equity rate & payment calculator

Tapping into your home equity may help you save money. Answer a few quick questions to get started.

Please select a credit score range.
Please enter an estimate of your property’s value.
Please select a state.
Please select a county.
Please enter a minimum value of $15,000.

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Error: Please enter an estimate of your property’s value.

Error: Please select a state.

Error: Please enter a valid county.

Error: Please enter a minimum value of $15,000.

I would like to take advantage of a 0.50% checking discount. See checking discount conditions.

Thinking of putting your home equity to work?

Use our home equity rate and payment calculator to determine if this is right for you.


Home equity line of credit

Maximum amount for a home equity line of credit is $350,000

Home equity line of credit

Tapping into your home equity can help you save money. Answer a few quick questions to get started.

Estimated

Monthly payment

$171.25

(interest only)

APR1

6.85%

(variable)

Payment and rate are estimated based on accessing:

$50,000

You may apply for a line of credit up to:

$90,000

Home equity loan

Get one-time access to your equity with a fixed rate and fixed payment.

Estimated

Monthly payment

$204.45

(excluding taxes and insurance)

APR2

7.24%

fixed

Total interest

$43,601

Total amount paid

$73,601

Monthly payment

$232.41

(excluding taxes and insurance)

APR2

6.99%

fixed

Total interest

$43,601

Total amount paid

$55,778

Monthly payment

$265.31

(excluding taxes and insurance)

APR2

6.74%

fixed

Total interest

$43,601

Total amount paid

$47,755

Monthly payment

$340.49

(excluding taxes and insurance)

APR2

6.49%

fixed

Total interest

$43,601

Total amount paid

$40,858

Monthly payment

$583.34

(excluding taxes and insurance)

APR2

6.24%

fixed

Total interest

$43,601

Total amount paid

$35,000
30yr
20yr
15yr
10yr
5yr

Results are estimated based on a home equity loan amount of

$50,000

You may apply for a home equity loan up to:

$90,000


Smart Refinance loan

Get new mortgage terms and access to funds to cover a one-time expense.

Estimated

Monthly payment

$232.41

(excluding taxes and insurance)

APR3

6.99%

fixed

Total interest

$43,601

Total amount paid

$55,778

Monthly payment

$265.31

(excluding taxes and insurance)

APR3

6.74%

fixed

Total interest

$43,601

Total amount paid

$47,755

Monthly payment

$340.49

(excluding taxes and insurance)

APR3

6.49%

fixed

Total interest

$43,601

Total amount paid

$40,858

Monthly payment

$583.34

(excluding taxes and insurance)

APR3

6.24%

fixed

Total interest

$43,601

Total amount paid

$35,000
20yr
15yr
10yr
5yr

Results are estimated based on a Smart Refinance loan amount of:

$50,000

You may apply for a Smart Refinance loan up to:

$90,000


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Reduce your rate by 0.50% by meeting the following conditions:
Home equity line of credit
Open a new or maintain an existing U.S. Bank personal checking account.
Customers in certain states are eligible to receive the preferred rate without having a U.S. Bank

Set up an automatic payment from a new or existing U.S. Bank checking or savings account.

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Learn more

Home Equity FAQs

Get answers to your most frequently asked questions.

Compare home equity options

Get a clear, detailed picture of your loan options.

Get a recommendation

Find the best loan for your need.

Contact us

  • Call 800-642-3547
  • Request a call
  • Chat with a banker
HELOC URL HEIL URL Lead Form Smart Refinance

Tell us the ZIP code of your property.

Sharing your property’s zip code will let us provide you with more accurate information.

We’re sorry.

U.S. Bank currently does not offer home equity products in your location. However, if you are interested in other financing options, please call us at 866-445-4681.

Let’s try something else.

This offer isn’t valid in your location, so let’s find out what is. Visit the Home Equity Line of Credit page or call 866.445.4681 to learn more.

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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. Equal Housing Lender

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.

  1. Home Equity Line of Credit: 1.49% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with an 70% loan-to-value (LTV) or less. The Introductory Interest Rate will be fixed at 1.49% during the 6-month Introductory Period. A higher introductory rate will apply for an LTV above 70%. Offer is available for new applications submitted from April 3 - May 14, 2021. 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.

    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 April 3, 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.

    Return to content, Footnote 1
  2. 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.

    Return to content, Footnote 2
  3. Smart Refinance: As of April 6, 2021, the fixed Annual Percentage Rate (APR) of 3.29% is available for 15-year first position home equity installment loans $50,000 to $250,000 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 3.29% interest rate, monthly payments would be $704.61. 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 3.29%. 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.

    Return to content, Footnote 3

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