Loan Amount Calculator
Estimate the amount you may be eligible to borrow with a home equity loan or mortgage refinance.
All fields are required
You may qualify for these loan options
Home Equity Loan
Discover Home Loans offers loans from $35,000 - $300,000 (2nd Lien) up to 90% CLTV for qualified borrowers.
Based on the details you entered, a home equity loan with Discover is not currently available. You may qualify for a personal loan.
-
Mortgage Refinance
Discover Home Loans offers loans from $35,000 - $500,000 (1st Lien) up to 90% CLTV for qualified borrowers.
Based on the details you entered, a mortgage refinance with Discover is not currently available.
-
We're working behind the scenes to update this calculator. Please try back later.
Wondering what your loan rate and payment might look like? Visit our monthly payment calculator.
We’re unable to find an option for you based on your information.
Discover Home Loans offers loans starting at $35,000 up to 90% combined loan-to-value (CLTV) for qualified borrowers. Based on the information you submitted, your CLTV ratio is outside of our loan guidelines.
Check out these resources to learn more
Your credit score may qualify you for a personal loan as an alternative borrowing option. Visit Discover Personal Loans for more information.
Discover Home Loans requires a credit score of 660 or higher to qualify.
Check out these resources for tips on improving your credit score
Discover Home Loans offers loans starting at $35,000 up to 90% CLTV (combined loan-to-value) to qualified borrowers. Based on your estimated home value, mortgage balance, and credit score range, your potential loan amount is outside of our borrowing limits.
Check out these resources for tips on qualifying for a home loan
Your credit score may qualify you for a personal loan as an alternative borrowing option. Visit Discover Personal Loans for more information.
Loan amount calculator questions & answers
- Main
-
Just enter the estimated current market value of your home, your total mortgage balance, credit score range, and state. When typing in your mortgage balance, round the value to the nearest dollar amount. Then, click "Calculate" to see the loan amounts you may qualify for.
As well as the mortgage refinance and home equity loan amount calculator above, Discover offers other resources that help you plan your financial future, including our affordability calculator and debt consolidation calculator.
- Main
-
The loan amount ranges you'll see are based on your credit score, combined loan-to-value (CLTV) ratio, and other factors. This information determines how much you can potentially borrow if you apply for a home equity loan or mortgage refinance from Discover.
Our calculator is a self-help educational tool that helps you decide between these loan options and is not an offer to lock in a specific loan amount.
- Main
-
A home equity loan is typically a second mortgage that lets you tap into your home equity, giving you access to cash. A mortgage refinance replaces your current home loan with a new one, usually with a more favorable interest rate and terms.
Deciding between these two loan options can be difficult. You'll want to consider your financial goals, borrowing preferences, and other factors before choosing a product.
- Main
-
Popular uses of home equity loans include debt consolidation and home improvements. However, you can spend the money on whatever you like.
You might choose a home equity loan over a mortgage refinance if you want to tap into your equity without changing the rate or terms of your existing mortgage.
- Main
-
Your borrowing ability is determined by the equity you have in your home, your credit history, geographic location, and other factors. Our loan amount calculator tells you the maximum amount you could borrow.
Your home equity loan amount plus your current mortgage balance must be under 90% of your home′s value.
- Main
-
A mortgage refinance may be a good choice if you want to lower the amount of interest you currently pay on your mortgage or change your term length. Our mortgage refinance calculator estimates how much money you might save with this option.
Interactive calculators and information are intended as self-help tools for your independent use and are for educational purposes only. Results are estimates, and we cannot guarantee their accuracy or applicability to your specific circumstances.
Discover Home Loans Restrictions and Details
We do not lend in IA or MD. You are not guaranteed approval. Once you apply and submit your credit and property information, we will confirm your eligibility. We don’t lend on cooperatives, condotels, investment properties, log homes, manufactured homes, mobile homes, or secondary homes. We will only originate one 1st lien mortgage per property per 12-month period. The maximum loan amount you qualify for will depend on additional factors, including type of loan, lien position, loan-to-value and your credit history. We may change rates, program terms, and conditions without notice. Discover Card accounts and other Capital One accounts (with the exception of Discover home and personal loans) may not be paid off with this home loan. All loan programs are offered by Capital One, N.A., 2500 Lake Cook Road, Riverwoods, IL 60015. NMLS ID 453156.
Loan Payment Example Disclosure
For example, if you borrowed $60,000 for a 20 year term at 8.86% APR, your fixed monthly payments would be $534.45.
- Main
-
- PO Box 29029
- Phoenix, AZ 85038-9029
RESOURCE LINKS
ALL PRODUCTS
.svg){kind=icon}
Home loans made by Capital One, N.A.
©xxxx Capital One, N.A., Member FDIC | NMLS ID 453156
It pays to Discover