TD Bank HELOC rates are variable and tied to the Wall Street Journal Prime Rate, and the APR can’t go above 18%. The fees are about as low as you’ll see: $99 to open, then $50 a year once the first year is up. There’s a catch, though. The advertised rate assumes you have a TD personal checking account, and the very lowest rate is only for lines of $200,000 or more.
So is it a good deal? If you already bank at TD and want a line you can draw from over 10 years, it’s pretty hard to beat on fees. If you don’t, or you want to see a number before anyone pulls your credit, check Figure first. It’s a soft pull, and it could fund in as few as five days. A HELOC from Upstart Home Lending is worth a second quote if your credit score is in the 600s.
- APRs from 7.35% to 14.85% as of October 2026
- Lines from $15,000 to $750,000 ($35,000 minimum in Texas)
- Check your rate with a soft credit pull. The full application is a hard pull
- No TD checking account needed
- Funding in as few as 5 days
- You draw the full amount at closing, with an origination fee of up to 4.99%
Our take: TD’s line is cheap to own if you bank there, plan to keep it open at least two years and like drawing only what you need. It costs more than it looks if you’d close it early or don’t want a TD checking account. Either way, get one quote somewhere else before you sign, because TD doesn’t let you see your own rate without applying.
TD vs. Figure vs. Upstart Home Lending, side by side
Here’s what each one charges, line by line. TD wins on fees. It’s the rate side where you have to do some homework.
| What to compare | Figure HELOC | HELOC from Upstart Home Lending | TD Bank HELOC |
|---|---|---|---|
| APR | 7.35% to 14.85% as of October 2026 | 6.52% to 18.00%1 | Variable, based on the WSJ Prime Rate, never above 18%. TD shows current rates on its site |
| Rate discount | None needed | The lowest APR is available only to borrowers who meet specific eligibility conditions | The advertised rate needs a TD personal checking account. The lowest rate needs a line of $200,000 or more |
| Amount | $15,000 to $750,000 ($35,000 minimum in Texas) | $26,000 to $250,000 | Offer covers up to $500,000. Over that, other terms and closing costs apply |
| How you draw | The full line at closing | At least 80% of the line at closing | As needed for 10 years, interest-only payments allowed, then 20 years to repay |
| Opening cost | Origination fee of up to 4.99% | Origination fee of 0% to 4.99% of the approved credit limit1 | $99 origination fee |
| Ongoing fee | None listed | None listed | $50 a year after the first anniversary |
| Closing it early | None listed | None listed | 2% of the balance, up to $450, if closed within 24 months |
| Rate check | Soft credit pull | Easy, online application | Apply to see your rate |
TD figures are from TD Bank’s home equity page. Figure figures are from figure.com. Upstart Home Lending APR and fee: see note 1 at the bottom of this page. “None listed” means the lender doesn’t publish one, so ask before you sign.
How TD sets its HELOC rate
TD’s HELOC APR is variable.
It’s based on the Prime Rate as printed in the Wall Street Journal, so when Prime moves, your rate moves with it.
The ceiling is 18%. That’s the worst case, and it’s worth doing the math on once. On a $50,000 balance, 18% works out to $9,000 a year in interest, or $750 a month on an interest-only payment.
Will you ever get there? Probably not.
But a cap tells you what you’re signing up for if rates run, and 18% is the same top end as Upstart Home Lending’s APR range.
What TD doesn’t do is print today’s number anywhere you can quote it. The rates on TD’s home equity page move with Prime, so check them there the day you apply.
A quick way to compare any two HELOC quotes: every percentage point of APR on a $50,000 balance is $500 a year, about $41.67 a month. If TD comes in half a point lower than another lender, that’s $250 a year on $50,000.
Get a number to hold TD’s quote against. Figure checks your rate with a soft credit pull.
The TD HELOC discounts and what they require
This is where most people misread the rate. TD’s advertised HELOC rate already includes a discount, and you only get it with a TD Bank personal checking account.
No TD checking? Expect a higher rate than the one on the page.
The second condition is size. TD’s lowest advertised Prime-based rate needs a line of at least $200,000. Smaller lines are priced higher, even with the checking account.
And the offer covers lines up to $500,000. Above that, additional terms apply and so do closing costs.
| Your situation | What it means for the TD rate |
|---|---|
| TD personal checking, line of $200,000 or more | You can get the lowest advertised Prime-based rate |
| TD personal checking, line under $200,000 | You get the checking discount, but not the lowest advertised rate |
| No TD personal checking | No discount, so a higher rate than the advertised one |
| Line over $500,000, a co-op or an investment property | Closing costs apply, and over $500,000 additional terms apply |
From TD Bank’s home equity page. TD sets your final rate and maximum combined loan-to-value on your credit, property type, occupancy, lien position and amount.
Opening a checking account just for a better HELOC rate can still make sense. Just know what that account asks of you before you count the discount as free.
Every TD HELOC fee, in one place
Here’s the full list TD publishes for its HELOC:
| Fee | Amount | When you pay it |
|---|---|---|
| Origination fee | $99 | At closing |
| Annual fee | $50 | Every year after the one-year anniversary, even if you never draw |
| Early termination fee | 2% of the balance, up to $450 | If you pay off and close the line within 24 months of opening |
| Discharge recording fee | $0 to $600 or higher | Charged by a third party when you pay off and close |
| Closing costs | Varies | Only on lines over $500,000, co-ops and investment properties |
From TD Bank’s home equity page. Fees can change, so check TD’s current terms before you apply.
For a regular home on a line of $500,000 or less, that’s $99 to get in the door. Most HELOCs that charge a percentage of the line cost a lot more than that up front.
The $50 a year is the one people forget.
It hits whether you use the line or not, so a line you open “just in case” isn’t free.
Worked example: closing a TD line early
Say you open a TD HELOC, draw $20,000 for a kitchen and then sell the house in month 18. You pay off the $20,000 and close the line.
Because that’s inside 24 months, TD charges 2% of the balance: $400. The cap is $450, which you’d hit on any balance of $22,500 or more.
| Cost | Amount |
|---|---|
| Origination fee at closing | $99 |
| Annual fee after the first anniversary | $50 |
| Early termination fee (2% of $20,000) | $400 |
| Fees before interest and any recording fee | $549 |
Interest isn’t included because TD’s rate depends on the day you apply and your discounts. The third-party discharge recording fee of $0 to $600 or higher can come on top.
$549 in fees on an 18-month, $20,000 loan isn’t a disaster.
But it’s more than five times the $99 you thought you were paying.
Wait until month 25 and the early termination fee goes away. If there’s any chance you’ll sell or refinance in the next two years, factor that in.
Low fees vs. a lower rate: which one saves more?
TD’s pitch is low fees. Figure and Upstart Home Lending charge a percentage of the line up front instead. So which is cheaper?
Take a $50,000 line kept for 10 years. At TD, that’s the $99 origination fee plus nine $50 annual fees, about $549 total. At Figure’s top origination fee of 4.99%, the same $50,000 costs as much as $2,495 up front.
That’s a gap of $1,946.
Now go back to the rule from earlier: each point of APR on $50,000 is $500 a year. So if another lender’s APR were a full point lower than TD’s on the whole $50,000, it would take just under four years for that rate edge to cover the gap.
If the gap is half a point, call it eight years. And a HELOC balance usually shrinks as you repay, which makes TD’s low fees look even better.
Bottom line: if you qualify for TD’s discounted rate, its low fees are hard to beat. Run the numbers for your own balance with our HELOC payment calculator.
TD’s fixed-rate home equity loan
TD also sells a home equity loan, and it’s a different animal.
The rate is fixed for the life of the loan, and terms run from 5 to 30 years.
You get the money as one lump sum, and the origination fee is the same $99. TD’s advertised APR example for the loan is based on $100,000 to $499,999, a 120-month term and a second lien, so a smaller loan or a different term will price differently.
Pick the loan if you know the exact amount you need today and want a payment that never changes. Pick the HELOC if you’ll spend in stages, like a renovation paid contractor by contractor.
Where else to get a HELOC quote
Neither of these works like TD’s draw-as-you-go line, and that’s the honest trade. Both put most or all of the money in your hands at closing. What you get in return is a rate you can see first, faster money and no TD checking account. We did the same comparison for Rocket Mortgage’s home equity rates, and you can browse every option in our home equity guides.
Figure
Figure is the quote to get first. You check your rate with a soft credit pull, so you can see a real number without a hit to your score.
The full application is a hard pull.
APRs run 7.35% to 14.85% as of October 2026, on lines from $15,000 to $750,000 ($35,000 minimum in Texas). Funding could come in as few as five days. It isn’t available in Hawaii or New York, and the minimum credit score varies by state.
You draw the full line at closing and pay an origination fee of up to 4.99%. So borrow what you’ll actually use. Our Figure HELOC review covers the rest.
Check your rate at Figure. The rate check won’t affect your credit score.
HELOC from Upstart Home Lending
Upstart Home Lending is the one to price if your credit score is in the 600s. Its HELOCs are available for credit scores starting at 600, and the application is easy and online.
Lines run $26,000 to $250,000, with 10 and 15 year terms and APRs of 6.52% to 18.00%1. The lowest APR is available only to borrowers who meet specific eligibility conditions.
Know one rule going in: you have to draw at least 80% of the line at closing. That makes it a poor fit for a just-in-case line and a fine fit for a project with a known price. Our Upstart Home Lending review goes through the costs.
Who should pick which
TD Bank could be the cheapest option if you already have TD personal checking, need the money in stages and plan to keep the line open past 24 months. Bigger lines of $200,000 or more get its lowest advertised rate.
Figure makes sense if you want to see a rate before any hard pull, need the money soon or don’t want to open a TD account. You just need to be OK drawing it all at closing.
Upstart Home Lending is worth a quote if your credit score is in the 600s and you’ll use at least 80% of the line right away.
Not sure? Get the Figure soft-pull quote first. It costs nothing to look, and it gives you a number to hold up against TD’s.
Figure could make sense if you’d rather see a real rate before a hard credit pull, don’t bank at TD, and are fine taking the full amount at closing.
TD HELOC questions, answered
Yes. TD Bank offers a home equity line of credit with a variable APR based on the Wall Street Journal Prime Rate. You can draw from it for 10 years, then repay any balance over another 20 years. TD also offers a fixed-rate home equity loan.
TD’s HELOC APR is variable, based on the Wall Street Journal Prime Rate, and it won’t go above 18%. TD shows its current rates on its home equity page. The advertised rate includes a discount for TD personal checking customers, and the lowest rate needs a line of at least $200,000. For comparison, Figure lists HELOC APRs of 7.35% to 14.85% as of October 2026.
A $99 origination fee at closing and a $50 annual fee after the first anniversary. If you pay off and close the line within 24 months, there’s an early termination fee of 2% of the balance, up to $450. A third-party discharge recording fee of $0 to $600 or higher can apply when you close it. Closing costs apply on lines over $500,000, co-ops and investment properties.
You need a TD Bank personal checking account to get the discounted rate TD advertises. Without one, expect a higher rate. If you’d rather not open one, Figure doesn’t require a bank account with it, and you can check your rate with a soft credit pull.
Yes. TD’s home equity loan has a fixed rate for the life of the loan, terms from 5 to 30 years and a $99 origination fee. You get the money as one lump sum, unlike the HELOC.
Start with Figure. It checks your rate with a soft pull and could fund in as few as five days, though you draw the full line at closing. Then get a quote from Upstart Home Lending, especially if your credit score is in the 600s, since its HELOCs are available for credit scores starting at 600.
Get a second number before you sign.
TD won’t show you your rate until you apply. These let you start online.
$26,000 to $250,000, with 10 and 15 year terms and credit scores starting at 600.
Keep reading
1 Upstart Home Lending: Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of June 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
Terms, pricing and availability change. Check the current terms with each lender before you apply.