Lock In Your Rate
TD Bank allows you to lock a portion of your HELOC balance into a fixed rate. Use this simulator to see how a hybrid payment plan works.
TD HELOC Calculator
One of the key benefits of a TD Bank HELOC is the ability to convert all or part of your variable-rate balance into a fixed-rate loan option. This calculator helps you simulate this scenario by splitting your balance and calculating a blended monthly payment.
Simulate Rate Lock
Total Monthly Payment
$667
Frequently Asked Questions
How does a rate lock work?
A rate lock allows you to take a portion of your outstanding HELOC balance and convert it to a fixed interest rate for a set term (e.g., 5, 10, or 20 years). This protects that portion of your debt from rising interest rates.
Is there a fee to lock my rate?
TD Bank may charge a "Lock Fee" (often around $50-$100) each time you establish a fixed-rate option. Be sure to ask about current fees before locking.
Can I unlock my rate later?
Typically, once you lock a rate for a specific term, it remains fixed for that duration. However, you may be able to pay it off early, though prepayment penalties might apply depending on the specific terms of your agreement.