M&T CHOICEquity
HELOC Rate and Payment Calculator
Discover your home's potential.
Your home may be your most valuable asset. Our HELOC rate and payment calculator makes it easy to estimate monthly payments based on loan amount, LTV and credit score.
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,448; DE: up to $3,936; ME: up to $2,957; MD: up to $18,164; MA: up to $3,961; NH: up to $3,097; NJ: up to $4,744; NY: up to $23,912; VT: up to $3,721; VA: up to $7,280; DC: up to $4,870; WV: up to $3,281. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
Your results for a line of credit:
Interest-only payments during ten-year draw period, or per month if you choose Principal and Interest payments.
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,448; DE: up to $3,936; ME: up to $2,957; MD: up to $18,164; MA: up to $3,961; NH: up to $3,097; NJ: up to $4,744; NY: up to $23,912; VT: up to $3,721; VA: up to $7,280; DC: up to $4,870; WV: up to $3,281. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,448; DE: up to $3,936; ME: up to $2,957; MD: up to $18,164; MA: up to $3,961; NH: up to $3,097; NJ: up to $4,744; NY: up to $23,912; VT: up to $3,721; VA: up to $7,280; DC: up to $4,870; WV: up to $3,281. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: CT: up to $4,448; DE: up to $3,936; ME: up to $2,957; MD: up to $18,164; MA: up to $3,961; NH: up to $3,097; NJ: up to $4,744; NY: up to $23,912; VT: up to $3,721; VA: up to $7,280; DC: up to $4,870; WV: up to $3,281. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
Quoted payment and interest rate are based on information provided including, but not limited to, requested loan amount, LTV and credit score. Actual rate may vary. Payment amounts assume the line is fully drawn. Rates are subject to change, payment example is for illustrative purposes only.
We were unable to find a solution that matched the information provided. Please contact the Call Center at 1-800-724-2440 or visit your local branch for additional information and to apply.
The requested loan amount is too high based on the value of your home. Please check your inputs and try again, or contact the Call Center at 1-800-724-2440 or visit your local branch for additional information and to apply.
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| Rate Info | |
|---|---|
| PrimeRate | 8.00% |
| PrimeAsOf | 3/23/23 |
| IntroMargin | -1.51% |
| LowMargin | +0.69% |
| HighMargin | +8.24% |
| MinAPR | 2.99% |
| MaxAPR | 15.90% |
| ExampleAmount | $25,000 |
| ExamplePayment | $230 |
| ExampleAPR | 9.34% |
| Early Closing Fees | |
|---|---|
| CT | 4,448 |
| DE | 3,936 |
| ME | 2,957 |
| MD | 18,164 |
| MA | 3,961 |
| NH | 3,097 |
| NJ | $4,744 |
| NY | $23,912 |
| VT | 3,721 |
| VA | 7,280 |
| DC | 4,870 |
| WV | 3,281 |
The M&T CHOICEquity Introductory variable Annual Percentage Rate (APR) of Prime [[PlusIntroMargin]] (currently [[IntroAPR]]) will apply only during the first six (6) billing cycles (“Introductory Period”) after your M&T CHOICEquity Account is opened. Thereafter, the APR, including the APR on any existing balance, will convert to the applicable non-discounted variable APR for the life of the line. Your Introductory and non-discounted variable APRs may vary monthly based on changes in the Prime Rate as published by The Wall Street Journal in its “Money Rates” table. Prime rate as of [[PrimeAsOf]] = [[PrimeRate]]. Your non-discounted variable APR will be between Prime [[PlusLowMargin]] (currently [[LowAPR]] APR) and Prime [[PlusHighMargin]] (currently [[HighAPR]] APR) for variable rate lines of credit between $15,000 and $1,000,000, with a maximum loan to value of 85.99%. Final APR is based on borrower credit profile (as reported to M&T by an outside reporting agency), loan to value(LTV), lien position, deposit relationship, line amount, and collateral state. APR will never be below the Minimum APR of [[MinAPR]] (after the expiration of the Introductory Period) or above the Maximum APR of [[MaxAPR]].
Accounts closed within 36 full calendar months of your opening date are subject to reimbursement of 3rd party fees paid in connection with establishing your account. These fees will range for line sizes up to $1,000,000 as follows by state: [[EarlyClosingFeeList]]. These fees do not apply to PA properties. Property insurance and flood insurance, if applicable, are required. Other terms and conditions may apply. Rates are subject to change. M&T CHOICEquity accounts cannot be used to pay off existing M&T CHOICEquity or Home Equity accounts.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.