Home Loan Calculators

Run the numbers to learn some of your options.

Select a mortgage calculator below to learn about your potential monthly payments, loan amount eligibility, opportunities to save money, and more.

How much can I borrow?

Find out the amount you may be eligible to borrow with a home equity loan or mortgage refinance.

Find out loan amount

What's my loan payment?

Compare the monthly payment amounts you may qualify for if approved for a home equity loan or mortgage refinance.

Compare monthly payments

Can I save on debt payments?

Determine how much you may be able to save by combining debts into a fixed-rate home equity loan.

Determine debt savings

Should I refinance?

Learn how much you may be able to save every month by refinancing your existing mortgage.

See refinance savings

Can I cash out my home equity?

See how much cash you may be able to borrow from your home equity if you are approved for a cash out refinance.

Cash out home equity

How much house can I afford?

Enter your household income, monthly expenditures, and other information to view an estimate.

Calculate affordability

Frequently Asked Questions

Main: A home equity loan is a type of loan with many uses. It can help you consolidate debt, cover the costs of home improvements, or pay for large expenses such as a wedding, college education, or elder care. You can even use the money from your home equity to invest in a second home, rental property, or business. Typically, home equity loans have fixed interest rates, so the monthly payment remains consistent over the term of the loan.

Main: A mortgage refinance may help you reduce your monthly payments, potentially freeing up income that you can spend or save for other purposes. If your monthly income has increased since you took out your current mortgage, you might want to refinance to a shorter term with higher monthly payments. This may allow you to pay off your mortgage faster and pay less interest over the life of the loan. With a cash out refinance, you can refinance your current mortgage and take additional cash out from your home equity to pay for other expenses.

Main: Start your application online or give us a call.

Get Started

Phone-icon1-855-361-3435

Weekdays 8am–Midnight ET
Weekends 10am–6pm ET

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 may not be paid off with this home loan. All loan programs are offered by Discover Bank, 2500 Lake Cook Road, Riverwoods, IL 60015. NMLS ID 684042.