Feb

2026

SoFi Self-directed IRA ACAT 1% Match Terms and Conditions

By Nicholas Wong | Uncategorized | Comments Off

SoFi Self-directed IRA ACAT 1% Match Terms & Conditions

The SoFi Self-directed IRA ACAT 1% Match is governed by the following Terms & Conditions:

Offer: SoFi will match 1% of a customer’s ACAT transfers, subject to a maximum match of $10,000 (equivalent to 1% of up to $1,000,000 in ACAT transfers), into their existing or newly opened SoFi self-directed individual retirement account (IRA) during the Offer Period. Transfers must be maintained in the IRA account for five (5) years from the settlement date. Matches will be paid in cash within 5 business days from the date which the funds settle in your SoFi self-directed IRA account.

Offer Period: The Offer Period is from February 17, 2026 – March 31, 2026, though SoFi may modify, suspend, or terminate the Offer at any time without advance notice.

Eligibility: The Match is available to customers who have an existing or newly opened SoFi self-directed IRA (Traditional IRA or Roth IRA) in good standing during the Offer Period through SoFi Securities LLC. Only asset transfers via ACAT are eligible. The transferred assets must be settled before the end of the Offer Period to be eligible for the match.

Calculations and Payments: Matches will be paid out in cash into the account the ACAT was transferred into within 5 business days of the settlement date. The 1% Match is calculated based on the total assets transferred (via ACAT). The customer’s SoFi Invest IRA account must be in good standing to receive the payout.

Example: If you complete an ACAT of $20,000 into a SoFi Self-directed Traditional IRA during the Offer Period, you will be matched 1%, equaling $200.

Limitations: This Offer may not be combined with any other offers. The Match will not exceed $10,000 (equivalent to 1% of up to $1,000,000 in ACAT transfers). Qualifying deposits must remain in the SoFi IRA account that earned the Match for five (5) years to keep the entire match amount. If a member makes a withdrawal before the five (5) year Holding Period is complete, they will be subject to an early withdrawal fee and SoFi will remove a proportional amount of the Match from the member’s account. The proportional amount is based on the breach in retention value, not retention period. To avoid this fee, the total equity of the member’s account (“total equity”) must remain at the original pre-promotion total equity in the account, plus the qualifying deposit and match amount. If a withdrawal causes the total equity to fall below this combined amount, the fee will be applied. The fee will also apply if the member initiates a withdrawal and the total equity has decreased, for any reason including investment losses. Distributions required by law (e.g., required minimum distributions in IRAs) can also trigger the fee. However, the fee will not apply if the member’s total equity has risen by an amount greater than the withdrawal amount, either by investment gains or additional deposits.

The proportional early withdrawal fee is deducted from the requested withdrawal amount. In the event of an ACAT transfer out, there will be an early withdrawal fee for the entire match amount. If insufficient cash is available in this account, the fee will be debited from an outgoing financial institution or added to a margin balance. SoFi reserves the right to liquidate securities to pay for this early withdrawal fee. SoFi will also bill an ACAT out fee separate from an early withdrawal fee. For additional details on the SoFi fee schedule click here.

Examples:

Asset Transfer (ACAT)	1% Match	Total Equity Balance	Withdrawal Date	Withdrawal Amount	Remaining Equity Balance	Early Withdrawal Fee
$20,000	$200	$20,200	5+ years from deposit date	-$2,000	$18,200	$0 (earned full match amount)
$20,000	$200	$20,200	Less than 5 years from deposit date	-$2,000	$18,200	$19.80
$20,000	$200	$25,000Account balance increases due to investments	Less than 5 years from deposit date	-$2,000	$23,200	$0
$20,000	$200	$15,000Account balance decreases due to investments	Less than 5 years from deposit date	-$2,000	$13,000	$71.29

Fraud and Violations: SoFi reserves the right to decline, rescind, or delay granting the 1% Match if fraudulent activity or violations of these Terms are suspected. SoFi will liquidate any security to recover the match amount if required.

Not a Recommendation: This Match is not a recommendation to buy, sell, or hold any security, nor is the Offer a recommendation or endorsement of any investment strategy. The Match is not a recommendation that a customer rollover or transfer assets into a SoFi IRA, nor a recommendation for any specific account type. There are many factors that an investor should consider before initiating a rollover as it is one of a few options. An investor should consult with a qualified advisor prior to initiating a transfer or rollover. Customers that wish to participate in the Match are acknowledging the offer is not investment advice and are participating in the Match voluntarily.

Taxes: The Match is treated as taxable income as determined by applicable tax guidance and does not impact contribution limits. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the offer; consult with your tax advisor to determine applicable tax consequences. Each investor’s tax situation is unique, and SoFi does not provide tax advice.

Disclosures: SoFi reserves the right to change or terminate the Match at any time without notice. The Match is not transferable, saleable, or valid in conjunction with other offers and is available to U.S. residents for personal, non-commercial use only. Participation in this Match constitutes acceptance of these Terms.

Feb

2026

SoFi Everyday Cash Rewards Card | 12BT

By Dana Paltao | Uncategorized | Comments Off

SoFi Everyday Cash Rewards Credit Card Terms & Conditions

SOFI CREDIT CARD TERMS OF OFFER INTEREST RATES AND INTEREST CHARGES
Annual Percentage Rate (APR) for Purchases	The standard variable APR for purchases is 18.49% to 28.99%, based on your creditworthiness. Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR) for Balance Transfers	0% Introductory APR on balance transfers for the first 12 months from the date of first transfer when transfers are completed within 60 days from the date of account opening. After that, your standard purchase APR will be 18.49% to 28.99% based on your creditworthiness. The standard APR will vary with the market based on the Prime Rate. The maximum amount you may use for Balance Transfers will not exceed 75% of your total Credit Limit.
Annual Percentage Rate (APR) for Cash Advances	30.49%. This APR will vary with the market based on the Prime Rate.
How to Avoid Paying Interest on Purchases	Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases made during the most recent billing cycle if you pay your entire balance (adjusted for any financing plan, if applicable) in full on or before the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
Minimum Interest Charge	If you are charged interest, the charge will be no less than $1.00.
For Credit Card Tips from the Consumer Financial Protection Bureau	To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at https://www.consumerfinance.gov/learnmore

FEES
Annual Fee	None
Transaction Fees Balance Transfer Fee Cash Advance Fee	The greater of $10 or 5% of the Balance Transfer The greater of $10 or 5% of the Cash Advance
Penalty Fees Late Payment Fee Returned Payment Fee	Up to $41 None

How We Will Calculate Your Balance

We use the “daily balance” method, including new transactions, to calculate the daily balance on which we will charge interest.

Loss of Introductory APR

We may revoke any promotional APR if you fail to make a payment of at least the minimum payment due within 60 days of the due date. Your new APR will be the Standard Purchase APR.

Variable Rates

Your Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) will change if the Prime Rate changes. If the Daily Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase, and your minimum payment will be greater. Complete details regarding how the variable rate is determined are set forth in the Cardholder Agreement.

Payment Allocation

We decide how to apply your payment, up to the minimum payment, to the balances on your account. We may apply the minimum payment first to interest charges, then to the balances with the lowest APR, and then to the balances with higher APRs.

If you pay more than the Minimum Payment, we’ll apply the amount over the Minimum Payment, first to the Balance with the highest APR, then to the Balance with the next highest APR, and so on, except as otherwise required by applicable law.

SoFi Everyday Cash Rewards Credit Card Terms & Conditions

The SoFi Everyday Cash Rewards Credit Card is issued by SoFi Bank, N.A. (“SoFi”, “we”, “us”, or “our”). By submitting this application, you request that we establish a card account (“SoFi Credit Card Account”) for you and any authorized users you have designated. You agree that all information provided in this application is verifiable and accurate. The SoFi Credit Card Account will be governed by the terms of the cardholder agreement (“Cardholder Agreement”), which will be provided when the SoFi Credit Card Account is issued.

Your eligibility for a SoFi Credit Card Account or a subsequently offered product or service is subject to the final determination by SoFi Bank, N.A., as issuer. Please allow thirty (30) days from the date of submission to process your application.

You must be at least 18 years of age (or of legal age in your state of residence). The card offer referenced in this communication is only available to individuals who reside in the United States. This communication is not and should not be construed as an offer to individuals outside of the United States.

Identity Verification

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a SoFi Credit Card Account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open a SoFi Credit Card Account. We may also ask to see your driver’s license or other identifying documents and obtain identification information about you or any authorized user you add to your SoFi Credit Card Account.

Credit Reports

Upon completion of your Credit Card application and submission, you authorize us to request a copy of your credit report from one or more consumer agencies. Upon receiving your completed application, we will conduct a soft credit pull, which will not impact your credit score. You hereby authorize us to conduct a soft credit pull upon receipt of your application. You understand that after evaluating your completed application and soft pull credit report, we may determine not to offer credit to you. If we approve your application, we will conduct a hard credit pull, which might impact your credit score. You hereby authorize us to conduct a hard credit pull following the approval of your application.

You authorize us to request credit reports and other information about you from consumer reporting agencies and other sources for such purposes as: (a) determining whether to issue you a SoFi Credit Card Account, (b) administering, reviewing, and renewing the SoFi Card Account, (c) credit line increases or decreases, (d) collection and other servicing of the SoFi Credit Card Account, (e) offering other products, (f) services, and (g) for any other uses permitted by law. We may report negative information about your SoFi Credit Card Account payment history, like delinquencies, to consumer reporting agencies.

Cardholder Agreement

If you are approved for a SoFi Credit Card Account, you’ll receive the Cardholder Agreement. By activating your SoFi Credit Card Account, using the SoFi Everyday Cash Rewards Credit Card or making any payment to your Account, you are agreeing to be bound by the terms of the Cardholder Agreement. We have the right to make changes to the terms of your SoFi Credit Card Account (including rates and fees) in accordance with the Cardholder Agreement.

In New York, this Agreement begins on the first date that you sign a sales slip or memorandum evidencing the purchase of goods or services.

Credit Eligibility

To receive a SoFi Credit Card Account, you must meet certain applicable criteria bearing on creditworthiness. Your revolving credit limit may be determined based on the following:

Your annual salary and wages
Any other annual income
A review of your debt, including the debt listed on your credit report.
A review of your credit history and other factors deemed relevant by the issuer

We’ll inform you of your revolving credit limit when you’re approved for your SoFi Credit Card Account. Some credit limits may be as low as $500.

About Adding An Authorized User

Before adding an authorized user to your SoFi Credit Card Account you should know that:

You’re responsible for all charges made to your SoFi Credit Card Account by the authorized user
Authorized users have access to your SoFi Credit Card Account information
Before adding an authorized user, you must first let them know that we may report SoFi Credit Card Account performance to the credit reporting agencies in the authorized user’s name
A review of your credit history and other factors deemed relevant by the issuer

If we ask for information about the authorized user, you must obtain their permission to share their information with us and for us to share it as allowed by applicable law.

Additional Information

Any benefit, reward, service, or feature offered in connection with your Card Account may change or be discontinued at any time for any reason except as otherwise expressly indicated. SoFi Bank isn’t responsible for products and services offered by other companies.

SoFi Everyday Cash Rewards Credit Card Rewards Program

With the SoFi Everyday Cash Rewards Credit Card, you can earn rewards points for purchases made using your card, rewards offered through the SoFi Member Rewards Program, or other rewards offered from time to time, and you can redeem those rewards points for statement credits and other redemption methods offered through the SoFi Member Rewards Program. More details on SoFi Everyday Cash Rewards Credit Card Rewards can be foundhere.

SoFi Member Rewards Program

As a SoFi Member, you can earn points by using features across SoFi products that are designed to help you Get Your Money Right. When you elect to redeem Rewards Points toward active SoFi accounts, including but not limited to your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Automated Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your Rewards Points will redeem at a rate of 1 cent per every point.

Mastercard World Benefits

You are also eligible for more rewards through the World Mastercard Benefits program when shopping with eligible merchants. More details on the World Mastercard Benefits program can be found here.

Fraud, Misuse, Abuse, or Suspicious Activity

If we see evidence of fraud, misuse, abuse, or suspicious activity, we’ll investigate and, if we determine that fraud, misuse or abuse has occurred, we may take action against you. This action may include, without limitation and without prior notice:

Taking away the rewards points you earned because of fraud, misuse, or abuse
Suspending or closing your SoFi Credit Card Account
Taking legal action to recover our monetary losses, including litigation costs and damages

Some examples of fraud, misuse, abuse and suspicious activity include:

Using your SoFi Credit Card Account in an abusive manner for the primary purpose of acquiring rewards points
Using your SoFi Credit Card Account other than primarily for personal, consumer, or household purposes

SoFi Bank reserves the right to take action, including but not limited to those actions enumerated above, based on your activity across any SoFi product, as well as external information received from SoFi third-party vendors, external bureaus, or industry referrals.

Special Notices

California Residents:
If married, you may apply for a separate account.

Delaware Residents:
Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.

Ohio Residents:
The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio civil rights commission administers compliance with this law.

Wisconsin Residents:
If you are applying for individual credit or joint credit with someone other than your spouse, and your spouse also lives in Wisconsin, combine your financial information with your spouse’s financial information. No provision of any marital property agreement, unilateral statement under Section 766.59 of the Wisconsin statutes or court order under section 766.70 adversely affects the interest of the lender, unless the lender, prior to the time credit is granted, is furnished a copy of the agreement, statement of decree or has actual knowledge of the adverse provision when the obligation to the lender is incurred. If married, you understand that your lender must inform your spouse if a credit account is opened for you.

Additional documents

As a reminder, the SoFi Everyday Cash Rewards Credit Card is a completely digital product. All written communications related to the card will be online or in electronic format. The following is a link to the SoFi Esign terms and conditions that you must agree to in connection with your application for the SoFi Everyday Cash Rewards Credit Card.

Feb

2026

ECR Prequal – 12M

By Dana Paltao | Uncategorized | Comments Off

{/* ECR Prequal LP */}
{/* https://www.sofi.com/credit-card/ecr-pq-12bt/ */}

{/* Hero Centered Blue */}

You’re prequalified!¹

Get a low Intro APR on balance transfers
for 12 months.

Low Intro APR²

Save on balance transfers for 12 months.
Zero Fraud Liability Protection³

Never pay for unauthorized charges.
Earn up to 3% cash back rewards

3% on dining, 2% on groceries, 1% on all other eligible purchases.⁴ ^*
No annual fee^†

Zip, nada, zero, zilch.

^†See Pricing, Terms & Conditions
^*See Rewards Details

{/* 0% Intro APR for 15 months */}

0% Intro APR for 12 months on balance transfers.²

Save more with 0% Intro APR on balance transfers for 12 months. After that, your APR will be 18.49% to 28.99% based on your creditworthiness. Balance transfers must be completed within 60 days of account opening. Offer ends 2/28/26.

You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.

Feb

2026

Free Wyoming HELOC Payment Calculator

By Dana Paltao | mortgage | Comments Off

Wyoming HELOC Calculator

By SoFi Editors | Updated January 23, 2026

Tapping into your home’s equity is a significant financial step that needs careful planning. Our free Wyoming HELOC payment calculator helps you estimate the true cost of borrowing. Before you apply for a home equity line of credit, use the Wyoming calculator to see your estimated monthly payments. This guide offers basic information including definitions, housing trends, tips, financing alternatives, and clear step-by-step instructions on how to use the calculator. Use this knowledge to make a confident decision on whether a HELOC is right for your budget and goals.

Key Points
• A home equity line of credit (HELOC) is a revolving line of credit that allows you to use your home as collateral to secure funds toward a major project or expense.
• There are two payment periods to be aware of: the draw period and repayment period.
• Most HELOCs feature variable interest rates, meaning your monthly payments can change over time based on broader economic conditions.
• To qualify, lenders generally require that homeowners have a minimum of 15% equity in their home.
• Qualified borrowers may be able to access up to 90% of their home equity.

This calculator is for informational purposes only. The outputs are estimates based solely on information you input. Calculations are not an offer to make a loan or an approval. All SoFi loans are subject to eligibility restrictions and limitations not reflected in this calculator, including a loan applicant’s credit, income, property. SoFi products, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria.

Calculator Definitions

• HELOC Balance: This term represents the total amount of money a borrower has currently withdrawn from their available credit line, or the amount a homeowner plans to borrow.

• Current Interest Rate: This is the rate at which interest accumulates on your outstanding HELOC balance.

• Draw Period: This is the specific time frame—often between 5 and 10 years—during which you can access funds from your HELOC, up to your approved credit limit.

• Repayment Period: This is the second phase—often 20 years—when the homeowner must pay back the full balance through combined principal and interest payments.

• Monthly Interest Payment: This is the monthly cost of borrowing funds based on the outstanding balance and the current variable interest rate. It does not contribute to reducing the original amount used.

• Monthly Principal and Interest Payment: This is the amount you’ll be required to pay monthly during the repayment period. Use the Wyoming HELOC payment calculator to get estimates since your exact payment amount will be based on current rates.

How to Use the Wyoming HELOC Calculator

Follow these easy instructions to use the Wyoming HELOC payment calculator most effectively.

Step 1: Enter Your Planned or Actual HELOC Balance

Start with the total amount you plan to borrow from the line of credit.

Step 2: Estimate Your Interest Rate

Now, enter your desired annual interest rate. The rate can be from a prospective lender or an estimate based on your research.

Step 3: Choose the Length of the Draw Period

The draw period timeframe is typically five to 10 years.

Step 4: Select Your Repayment Period

The repayment period timeframe is typically 10 to 20 years.

Step 5: Review Your Results

Analyze the results by looking closely at the potential monthly payments during both the draw and repayment periods.

Now that you are familiar with how to use the Wyoming calculator, let’s explore what is a home equity line of credit.

What Is a Home Equity Line of Credit?

A home equity line of credit, known as a HELOC, is a revolving line of credit that is secured by the equity in your home. Because your home serves as collateral, lenders typically offer more competitive interest rates compared to unsecured options like credit cards or personal loans. This also means that you risk foreclosure if you fail to make payments.

As you learn how a HELOC works, keep in mind that your home equity is the difference between your home’s current market value and the outstanding balance on your home loan and any other loans you might have where your home is used as collateral. The interest rate is usually variable (unlike a standard home equity loan, which usually offers a fixed interest rate) so it’s helpful to keep an eye on market movements and trends, like the U.S. Prime Rate.

There are two phases to the HELOC. First is the draw period, which is typically 5 to 10 years. This is when you can withdraw funds as needed, up to your approved credit limit. You are often required to make payments only on the interest that accrues on your outstanding balance. Our HELOC interest-only calculator can help you assess what your payment amounts for the draw period may be.

Then you begin the repayment period, usually 10 to 20 years, when your required monthly payments will increase significantly to cover both the principal balance and the interest. During this phase, you can use a HELOC repayment calculator to help you out.

If you are a Wyoming homeowner who has built up equity in your property, then you will want to use these tools to help you understand how to get equity out of your home.

Recommended: HELOC vs. Home Equity Loan

Home Equity Trends in Wyoming

With a HELOC, and with some of the different types of home equity loans, the amount of equity a homeowner possesses is the key to borrowing power.

Since 2020, increasing home prices (see chart) has led to a significant surge in home equity for existing homeowners, and Wyoming is part of that trend. Wyoming home equity has increased by 104% over the past five years, with the average home equity more than $96,000.

Since lenders typically require that a homeowner maintain at least 15% equity to qualify for a HELOC, and you can borrow up to 90% of equity, many homeowners find themselves sitting on a substantial amount of tappable equity.

Current HELOC rates by state.

Compare current home interest rates by state and find a HELOC rate that suits your financial goals.

Select a state to view current rates:

How to Use the HELOC Calculator Data to Your Advantage

The Wyoming HELOC payment calculator allows you to experiment with different loan scenarios, budget effectively, and prepare for productive conversations with lenders. Follow these steps to get the most out of the calculator:

• Explore the estimates: One of the key functions of the Wyoming payment calculator is its ability to model scenarios. Since HELOC rates can shift over time, experiment with different HELOC balances, interest rates, or repayment terms to see how each of these figures affects the monthly payment.

• Evaluate debt consolidation: If you’re managing high-interest credit card debt, you can add up the monthly payment amounts on your cards and compare that to the monthly payment you would have if you used a HELOC to pay off all that you owe at once. There’s a good chance your monthly payment with a HELOC would be lower than the sum of what you’re currently paying. And it would be one payment instead of multiple payments.

• Approach lender conversations more confidently: Use the Wyoming calculator ahead of time to run estimates and gain a clear understanding of your borrowing capacity. That way you can enter lender negotiations with more realistic expectations.

Tips on HELOCs

Here are some tips that apply to HELOCs:

1. Strengthen your credit score: Lenders typically require a credit score of at least 640.

2. Shop around with different lenders: Don’t commit right away. Instead, compare annual fees, inactivity fees, and prepayment penalties from a variety of lenders.

3. Prepare and plan a budget: With the transition between the two HELOC phases (the draw period and repayment period), you’ll see your monthly payments increase from interest-only to principal-and-interest.

4. Consider the risks: A HELOC uses your home as collateral. This means that the lender could foreclose on your home if you fail to make payments.

Alternatives to HELOCs

Even if you are confident that a HELOC is appropriate for your budget and goals, it’s a good idea to be aware of alternatives before making a final decision. Here are some options:

Home Equity Loan

For a single, fixed-cost project, a home equity loan is a good choice because it provides the homeowner with a one-time, lump-sum disbursement secured by their home’s equity. The home equity loan typically has a fixed interest rate, which makes for consistent and predictable monthly payments. Use a home equity loan calculator to compare the cost of a home equity loan versus a HELOC.

Recommended: What Is a Home Equity Loan?

Home Improvement Loan

A home improvement loan is a personal loan designed to be used for renovations and repairs. It is similar to a home equity loan with fixed installments and predictable payments, but it is unsecured (it does not use your home as collateral), which typically results in a higher interest rate.

Personal Line of Credit

A personal line of credit (PLOC) is a revolving line of credit that is not secured by collateral. It functions similarly to a HELOC in that you can draw and repay funds as needed. Because it is unsecured, the PLOC holds less risk (because your home isn’t on the line) but usually means a higher interest rate. To qualify, a lender will look at your financial picture including your credit score and income; your home equity doesn’t play a role.

Cash-Out Refinance

When a homeowner takes out a cash-out mortgage refinance, they replace their primary mortgage with a new, larger mortgage. This process pays off the original mortgage debt, and the homeowner receives the remaining balance as cash. This move can be beneficial if current interest rates are significantly lower than the rate on the primary mortgage.

As you consider a cash-out refinance vs. home equity line of credit or home equity loan, a key difference is that the refinance consolidates all home debt into a single payment.

The Takeaway

Wyoming homeowners can use the HELOC payment calculator as a strategic first step when considering tapping into their home equity. Our online tool provides monthly payment estimates, giving the homeowner a clear idea of their borrowing power. Run scenarios with different borrowed amounts, interest rates, and repayment terms to find the right mix for your budget and goals.

SoFi now partners with Spring EQ to offer flexible HELOCs. Our HELOC options allow you to access up to 90% of your home’s value, or $500,000, at competitively lower rates. And the application process is quick and convenient.

Unlock your home’s value with a home equity line of credit from SoFi, brokered through Spring EQ.

View your rate

FAQ

How much can I borrow with a HELOC?

Lenders typically allow you to borrow up to 90% of your equity. The exact amount you can borrow will depend on the equity in your home. (Your equity is equal to your home’s estimated value minus your outstanding mortgage balance.)

What can I use the money for from a HELOC?

Homeowners can put HELOC funds toward almost any purpose, including home renovations, debt consolidation, or educational expenses.

Is the interest on a HELOC tax-deductible?

The interest on a HELOC may be tax-deductible. Always consult a professional tax advisor.

What is the minimum credit score I need to qualify for a HELOC?

You will need to show a 640 credit score or higher. Some lenders require at least a 680 credit score. You may be able to land more favorable terms and interest rates by having a credit score in the 700s.

Learn more about home equity line of credits:

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

^²SoFi Bank, N.A. NMLS #696891 (Member FDIC), offers loans directly or we may assist you in obtaining a loan from SpringEQ, a state licensed lender, NMLS #1464945.
All loan terms, fees, and rates may vary based upon your individual financial and personal circumstances and state.
You should consider and discuss with your loan officer whether a Cash Out Refinance, Home Equity Loan or a Home Equity Line of Credit is appropriate. Please note that the SoFi member discount does not apply to Home Equity Loans or Lines of Credit not originated by SoFi Bank. Terms and conditions will apply. Before you apply, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant’s credit, income, property, and a minimum loan amount. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 06/27/24.
In the event SoFi serves as broker to Spring EQ for your loan, SoFi will be paid a fee.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

SOHE-Q425-100

Browse other home guides.

Feb

2026

Free Wisconsin HELOC Loan Payment Calculator

By Dana Paltao | mortgage | Comments Off

Wisconsin HELOC Calculator

By SoFi Editors | Updated January 23, 2026

A Wisconsin HELOC payment calculator gives homeowners a practical way to understand how tapping into home equity could affect their monthly budget. By adjusting variables like interest rates, credit limits, and repayment timelines, the tool offers a clearer, more personalized estimate of potential costs before applying.

Keep reading to learn more on how to use the HELOC calculator, home equity trends in Wisconsin, and alternatives to home equity lines of credit.

Key Points
• A home equity line of credit provides a revolving credit facility secured by the equity built within a primary residence.
• Home equity is calculated by taking the current market value of the property and subtracting the outstanding balance of any existing mortgages.
• This credit arrangement is divided into two distinct phases: an initial draw period and a subsequent repayment period.
• The annual cost of using this credit line is typically variable, meaning rates can shift over time.
• Because the property serves as collateral, failure to meet payment obligations can result in the loss of the home through foreclosure.

Calculator Definitions

• HELOC Balance: This figure represents the specific amount of credit a homeowner has currently withdrawn and is actively using from their approved limit.

• Current Interest Rate: This percentage reflects the annual cost applied to the used balance of the credit line. Since these products are generally variable, this annual figure can fluctuate over time.

• Draw Period: This is the initial stage of the agreement, often lasting a decade, during which the homeowner has the flexibility to withdraw funds as needed. As payments are made toward the principal during this time, the available credit limit is replenished, allowing for revolving use of the funds.

• Repayment Period: This stage marks the time when the credit line is closed to new withdrawals and the balance must be settled. Homeowners begin making regular monthly payments that cover both the used principal and the ongoing borrowing cost until the entire debt is retired.

• Monthly Interest Payment: This is the ongoing expense associated with using the credit line during the initial phase, based only on the outstanding balance and the current annual percentage.

• Monthly Principal & Interest Payment: This reflects the total combined payment required during the final phase of the agreement to ensure the balance reaches zero by the end of the term. It includes both the cost of using the credit and a portion of the original sum withdrawn, providing a structured path to full repayment.

How to Use the Wisconsin HELOC Calculator

The Wisconsin HELOC calculator can be used to help homeowners evaluate their current budget and future debt capacity by simulating various borrowing scenarios. Here’s exactly how to use it:

Step 1: Enter Your Planned or Actual HELOC Balance

To start the calculation, you need to identify your current balance. If you already have an active credit line, you can find this number on your most recent account statement. If you are a new applicant and have not yet accessed any funds, you can enter zero or input a hypothetical draw amount to see how future spending would impact your monthly budget.