Home Equity Calculators

Quickly determine the value of your home before you sell or refinance.

Repayment of a home equity loan requires that the borrower make a monthly payment to the lender. That monthly payment includes both the repayment of the loan principal, plus monthly interest on the outstanding balance.

Get estimated payments and rates for a home equity line of credit.

When making a major purchase, using a home equity loan or line of credit is an alternative to financing offers often provided by a seller or manufacturer. Use the MidFirst Bank Home Equity for a Major Purchase Calculator to compare making a major purchase with a home equity loan versus seller financing.

Use the MidFirst Bank Home Equity Loan or Line of Credit Comparison Calculator to compare a home equity loan versus a line of credit to determine which option is best for you. Home equity lines of credit often have more flexible repayment terms than a standard home equity loan. Home equity loan payments are typically fixed over the repayment period, while home equity lines of credit can offer interest-only payment terms or outstanding balances can be repaid using a variety of repayment strategies.

Home equity loans can be used to consolidate account balances from multiple credit cards or installment loans into a single loan, while offering the added benefit of consolidating multiple payments into a single monthly payment. Using home equity for debt consolidation can be beneficial if the repayment period for paying off the home equity loan is shorter than it would be for your existing debts, or, if the interest paid over the repayment period is less than what you would pay without consolidating your debt. Use the MidFirst Bank Consolidating Debt with Home Equity Calculator to determine if consolidating your debt is the right choice.

Use the MidFirst Bank Paying Off a Home Equity Loan or Line of Credit Calculator to estimate when your home equity loan or line of credit will be paid off.