Home Equity Loans

If you are paying high interest rates on your loans, you may be able to save thousands by taking out a home equity loan. You may be eligible for a home equity loan if you have equity in your home. Most home equity loans do not exceed the equity in the home, but in some case, lenders may grant loans that are greater than the equity in a home. Home equity loans are paid in periodic installments. Many people pay off their high interest debt, such as credit cards and improve their homes with the cash received from the home equity loan. You can receive up to four free home equity loan quotes for free from Real-Estate-Proforma.com!

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Enter your loan information below and receive the details of your home equity loan. If you know the loan terms you are eligible for, enter them in the calculator and click on the next cell, or the update button, to receive your home equity loan data. If you don't know what loan types you are eligible for, you can apply online for up to four free quotes. 

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Home Equity Calculator

Original Home Loan Amount
Total Number of Loan Payments
Interest Rate on Home Mortgage
Payments Periods Paid
Payment Periods Remaining
Monthly Loan Payment
Sum of Payments to Date
Sum of Payments Remaining
Total Loan Cost without Home Equity Line
Home Equity Cash Loan Amount
Rate on Home Equity Line
Total Number of Home Equity Payments
Additional Monthly Payment
Total Home Equity Payments
Combined Monthly Payments
Sum of Loan Payments
Increase in Sum of Payments

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Determine the Real Estate Financial Statistics for a Property

Before you buy an investment property it is critical that you create your own projection of the property's profitability. Real-Estate-Proforma.com has a quick-proforma with which you can calculate real estate financial statistics such as Internal Rate of Return, Capitalization Rate, Cash-on-Cash, Debt Multiplier, Loan-to -Value Ratio, Debt Coverage Ratio, and Mortgage Payments. You can use this JavaScript proforma to project the profitability of a real estate project. By becoming a member you will receive access to a number of Excel real estate proformas. membership | services

If you are analyzing another person's proforma, or you are examining a prospectus for a real estate deal, it is very important that you read the document carefully and determine how the values of the financial statistics above are being calculated. For instance, values such as the Cap Rate may be determined from overly optimistic projections of the future rental income of a property.

You can "reverse engineer" the financial projections you receive from a prospectus and/or request the Excel (or other type of) spreadsheet a developer used to create their proforma. A very useful Excel or Visual Basic macro used to check Excel formulas is available in the spreadsheet below for download. Download Mortgage Formula Excel Spreadsheet

The due-diligence you do on a potential investment may uncover a number of potential problems with a real estate deal and we suggest you research each real estate investment very carefully. There are a variety of real estate financial consultants who can help with this, but if you are like many Real-Estate-Proforma.com members, you can or are learning to do your own due-diligence.

We hope you become a more successful real estate investor by using this site! membership | services