M&T CHOICEquity

HELOC Rate and Payment Calculator

M&T Relationship Rate Discounts**

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.

Lines $15,000 to $500,000 subject to 85.99% maximum combined loan-to-value. Lines greater than $500,000, up to $1,000,000, subject to 75.99% maximum combined loan-to-value. Lines secured by second homes/vacation property subject to 70.99% maximum combined loan-to-value.
The M&T CHOICEquity variable Annual Percentage Rate (APR) 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]] 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.   

Your results for a line of credit:

Monthly Payment

 

Interest-only payments during ten-year draw period, or   per month if you choose Principal and Interest payments.

 

 Starting Variable Interest Rate

 

The M&T CHOICEquity variable Annual Percentage Rate (APR) 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]] 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.   
The M&T CHOICEquity variable Annual Percentage Rate (APR) 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]] 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.   
The M&T CHOICEquity variable Annual Percentage Rate (APR) 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]] 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.   

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.

Lines $15,000 to $500,000 subject to 85.99% maximum combined loan-to-value. Lines greater than $500,000, up to $1,000,000, subject to 75.99% maximum combined loan-to-value. Lines secured by second homes/vacation property subject to 70.99% maximum combined loan-to-value.

 

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.

*Required fields are denoted by asterisks

HELOC Rate Handler

 

Rate Info
PrimeRate 5.50%
PrimeAsOf 7/28/2022
IntroMargin -1.51%
LowMargin -0.51%
HighMargin 7.04%
MinAPR 2.99%
MaxAPR 15.90%
ExampleAmount $25,000
ExamplePayment $180
ExampleAPR 6.84%

 

Early Closing Fees
CT 4153
DE 3556
ME 2963
MD 17,854
MA 3561
NH 3093
NJ $4,576
NY $23697
VT 3691
VA 6895
DC 4760
WV 3085

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.   

M&T CHOICEquity is only available in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont. Virginia, Washington, DC, and West Virginia. All loans and lines of credit are subject to credit approval. Additional terms and conditions may apply, depending on the type of collateral and other terms offered or chosen.

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.
 † Applications above $1,000,000 are considered on an exception basis and are subject to more stringent credit criteria.
**Discounts between 0.25% - 0.50% off the interest rate are available only if you have an existing Power Checking, Select Checking, MyChoice Plus Checking or MyChoice Premium Checking account, or if you open a MyChoice Plus Checking or MyChoice Premium Checking account at the time of application.