What is home equity and how can it help you?
As you pay down the mortgage and your home value rises, you build equity—the part you truly own. You can typically borrow up to 80% of your home’s value, minus what you still owe on your loan.
Upgrade your home
Tackle repairs or start the renovation you’ve been considering—all while potentially adding long-term value.
Consolidate debt
Roll high-interest balances into one simple payment to help you save on interest and improve financial health.
Cover big expenses
Use equity for home repairs, ongoing needs or surprise costs—often at a lower rate than other borrowing options.
Discover ways to access equity
When you need funds, Citi gives you many options.
Connect with a Citi SpecialistSee how home equity options stack up
Use these mortgage calculators to compare borrowing options and ensure your finances are ready for the next step.
Estimate your HELOC payment
See what your monthly HELOC bill could be and remember, you only pay for the amount you actually borrow—not the total credit limit.
Your results
Based on your desired line amount of $0, here are some estimated monthly payments to compare:
Principal & Interest HELOC
The 10-year draw period and 20-year repayment period estimated payments include principal and interest, and are based on a variable interest rate of 0% APR.
Interest-only HELOC
The 10-year draw period includes payments that cover interest only. Principal and interest payments begin during the 20-year repayment period. Both estimated payment amounts are based on a variable interest rate of 0% APR.
Get help weighing your equity options
Let's find the best fit for your budget and how you plan to use the funds.
Thinking about refinancing to a new rate and term?
See how refinancing can help you lower payments, shorten your loan term or get a lump sum of cash.
