Estimate your payment
Use the calculator below to estimate the monthly principal and interest payment on a heloc. Adjust the loan amount, rate, and term to see how each one moves your payment.
Keep in mind that your full monthly payment also includes property taxes, homeowners insurance, and — depending on the program — mortgage insurance. For an exact, all-in payment quote based on today’s wholesale pricing, call (916) 624-0767 or start an application online.
Want an exact payment based on today's wholesale pricing? Talk to a licensed loan officer.
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
Questions
A HELOC is a second loan that leaves your first mortgage untouched and gives you a revolving line of credit you can draw from as needed. A cash-out refinance replaces your entire mortgage. If you have a low first-mortgage rate you want to keep, a HELOC is often the better choice.
Most lenders let you borrow up to 80–85% of your home’s value minus what you still owe on your first mortgage. We’ll estimate your available credit line based on your current balance and home value.
A HELOC typically has a draw period (often 10 years) when you can borrow and make interest-only payments, followed by a repayment period when you pay back principal and interest. We’ll walk you through the full payment schedule before you commit.
Common uses include home renovations, consolidating higher-interest debt, funding education, or covering large one-time expenses. Because the credit line is secured by your home, rates are usually far lower than credit cards or personal loans.
Interest may be tax deductible when the funds are used to buy, build, or substantially improve the home securing the loan. Tax rules change, so confirm your specific situation with a tax professional — we’ll provide the documentation you need.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.