Home Equity Calculator
Calculate your available home equity based on property value, mortgage balance, and loan terms. Understand how different factors affect your borrowing power for home improvements, debt consolidation, or other financial needs.
Step 1: Property & Mortgage Details
Understanding Home Equity
Home equity is the portion of your property that you truly own. It’s calculated as your property’s current market value minus any outstanding mortgage balance or liens against the property.
Step 2: Financial Details
About Loan-to-Value (LTV)
Loan-to-Value ratio is the percentage of your property’s value that’s covered by a mortgage. Most lenders prefer an LTV below 85% for home equity loans. A lower LTV typically means better interest rates.
Home Equity Results
Available Home Equity
Home Equity Loan Comparison
| Loan Type | Interest Rate | Max LTV | Available Equity | Monthly Payment |
|---|
Home Equity Analysis
Home Equity Formula
Available Equity = (Property Value × Credit Limit %) – Mortgage Balance
Your available home equity depends on your property value, remaining mortgage balance, and the maximum loan-to-value ratio lenders are willing to accept. Most lenders will allow you to borrow up to 85% of your home’s value.
Need Home Equity Advice?
Connect with our certified mortgage advisors for professional home equity loan guidance, refinancing options, and personalized financial advice for your property investment needs.
Get Professional Advice