Home Equity Calculator
Home Equity Calculator
How much equity do you have in your home?
This calculator will help you determine how much equity you have in your home that you can borrow against.
The general rule is you can borrow 75 - 80% of your home's current appraised value, minus what you owe on your first mortgage. This is called the loan-to-value ratio (LTV). Some lenders may let you borrow up to 100% of your home's value. Please note, if you choose that option and must move because of a job transfer or other reason, the sale of your home may not provide you with enough money to pay off both your mortgage and the outstanding home equity loan.
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