BB&T Home Equity Affordability Calculator

Use this calculator to compare payment schedules for a fully amortizing Home Equity Loan, a 1.5% of outstanding balance Home Equity Line of Credit and an interest-only Home Equity Line of Credit.

Need more information? Learn more about BB&T Home Equity Loans and Lines of Credit.

This Financial Calculator requires SUN's JavaT Plug-in. If you see this message you will need to download SUN's JavaT Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing "Install ActiveX Control".

    You can also get SUN's JavaT Plug-in here: Get the JavaT Plug-in!

    For more information about this Plug-in please visit: SUN's JavaT Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Gross annual income
Providing this enables us to estimate how much you will be able to borrow assuming a 28% debt-to-income ratio. Include the total of your gross annual wages and other income that can be used to qualify for this home equity loan or line of credit.

Estimated property value
This is the current appraised value of your home. If it has been a few years since you purchased your home, the value of your home may be worth more or less than your original purchase price.

Origination fee
This is a fee charged for processing your home equity loan application. Loan fees will increase the calculated Annual Percentage Rate (APR) for your loan or line.

Term
The number of years you wish to pay on your home equity loan or line of credit. The most common terms are 15 years and 30 years.

Interest rate
The annual percent of interest charged on your home equity loan or line of credit.


The financial calculators are for educational purposes only and are to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary.

The information provided should not be construed as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.

Securities, Insurance and Advisory Services are:

NOT A DEPOSIT • NOT FDIC-INSURED • NOT GUARANTEED BY THE BANK
NOT INSURED BY ANY STATE OR FEDERAL GOVERNMENT AGENCY • MAY GO DOWN IN VALUE

BB&T Insurance Services, Inc. and BB&T Investment Services, Inc. are each a wholly owned subsidiary of Branch Banking and Trust Company. Scott & Stringfellow, LLC. is a wholly owned subsidiary of BB&T Corporation. BB&T Investment Services, Inc. is a Member FINRA/SIPC. Scott & Stringfellow, LLC. is a Member of NYSE/SIPC.

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. Equal Housing Lender

Copyright © 2011, Branch Banking and Trust Company. All Rights Reserved.
BB&T Complete Client Protection