Home Equity Calculator
Find out how much equity you have in your home and how much you may be able to borrow. Calculates your LTV ratio and maximum HELOC or home equity loan amount.
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Frequently Asked Questions
What is home equity?
Home equity = Current Home Value − Outstanding Mortgage Balance. If your home is worth $400,000 and you owe $250,000, your equity is $150,000. It grows as you pay down the mortgage and/or the property appreciates.
How can I access my home equity?
Options include: Home Equity Loan (lump sum, fixed rate), HELOC (revolving line of credit, variable rate), or cash-out refinance (new larger mortgage). Each has different rate structures, closing costs, and risk profiles.
What LTV do lenders require for a HELOC?
Most lenders allow borrowing up to 80–85% combined loan-to-value (CLTV). With a $400k home and $250k mortgage, CLTV at 85% = $340k. Maximum HELOC would be $340k − $250k = $90k.