Explore Your Home Equity Potential
See how much you can save, borrow, and budget today with our easy-to-use calculators.
Consolidating high-interest debt with a Home Equity Line of Credit can lower your monthly payments and reduce interest costs. Use this calculator to find out how much you could keep in your pocket—and start planning smarter today. Expand the calculator to see how you can save.
Our Home Equity Line of Credit Qualification Calculator gives you an instant estimate based on your home’s value and current mortgage balance. It’s a simple way to understand your potential borrowing power before you apply—so you can plan with confidence.
Our Home Equity Line of Credit Payment Calculator takes the guesswork out of planning. Simply enter a few details—like your loan amount and interest rate—and you’ll get a clear estimate of your potential monthly payment. It’s an easy way to see what fits your budget before you take the next step. Use our calculator to see your results now.
Contact us to learn more about our limited-time offer on a home equity line of credit.
+For new home equity lines of credit only. To qualify for the introductory rate, borrowers must make an advance of $20,000 or greater at closing. Borrowers who do not make a qualifying advance at closing are not eligible for this promotional HELOC product and will be placed in our standard HELOC product. The introductory rate will apply for the first nine (9) months after account opening. Borrowers can obtain an additional 0.25% discount off the introductory rate on lines secured by a 1st deed of trust. When the introductory rate expires, balances will accrue interest at a variable rate of Prime Rate + 0.50% (currently 7.50% APR). As of October 30, 2025, the Prime Rate – a rate published from time to time in the Wall Street Journal – was 7.00%. Borrowers whose payment is auto-debited from a TowneBank checking account can receive a 0.25% discount on the after-introductory rate. A floor rate of 3.95% is in effect. The maximum Annual Percentage Rate (APR) is 16% or as applicable by law. Offer available through November 30, 2025, and is subject to change without notice.
*On new home equity lines of credit, with outstanding credit limits from $20,000 to $250,000, TowneBank pays all closing costs, including a desktop appraisal. For accounts closed within the first 24 months, we will add any closing costs we paid to your outstanding balance as reimbursement. Total closing costs generally range from $525 - $1,750. Please note that a $95 document fee will be collected at closing and is not included in the closing costs paid by the bank.
Normal credit approval criteria apply. Property insurance is required, and flood insurance is required for homes in a flood zone. Available only on owner-occupied or secondary single-family residential real property in cities and counties served by TowneBank offices in Virginia and North Carolina. Not available for purchase money or investment property. We must obtain a valid first or second lien position on the collateral, with all owners signing the documents. Available equity depends on the balance of other loans tied to the property. Exclusions and limitations may apply. Consult your tax advisor regarding interest deductibility. NMLS# 512138