Home Equity Calculator

About this calculator

Home equity is simply what you'd walk away with if you sold today, before selling costs: equity = current home value − remaining mortgage balance. Lenders also cap how much of that equity can be borrowed against, typically to a target loan-to-value (LTV) ratio, so the calculator also shows the maximum you could draw: borrowable amount = (home value × target LTV) − mortgage balance.

Homeowners use this before applying for a HELOC or home equity loan to see how much they might qualify for, refinancers use it to check whether they've crossed the equity threshold needed to drop private mortgage insurance, and lenders reference the same figures when assessing how much collateral a property actually offers.