Home Equity Calculator
Discover how much equity you have in your home and how much you can borrow. See your equity grow over time with our projections.
Current Equity
$200,000
40.0% of home value
Available to Borrow
$100,000
At 80% LTV
Projected Equity
$293,843
In 5 years
Understanding Your Home Equity
Current Equity is the portion of your home you own outright (home value minus mortgage). Available to Borrow shows how much you can access through a HELOC or cash-out refinance, typically up to 80-90% LTV. Projections assume steady appreciation but actual values may vary based on market conditions.
Understanding Your Home Equity
Home equity is the portion of your property that you truly own. It's the difference between your home's current market value and the outstanding balance on your mortgage.
Key Metrics Explained:
- Current Equity: Your home value minus your mortgage balance. This is the amount you'd keep if you sold your home today (before selling costs).
- Available to Borrow: Most lenders allow you to borrow up to 80-90% of your home's value (LTV). This shows how much additional money you can access through a HELOC or cash-out refinance.
- Equity Growth: As your home appreciates in value and you pay down your mortgage, your equity grows. Our projections show this growth over time.
- LTV (Loan-to-Value): The ratio of your mortgage to your home's value. Lower LTV means more equity and better borrowing terms.
Ways to Build Equity Faster
- Make extra principal payments on your mortgage
- Improve your home with value-adding renovations
- Maintain your property to preserve and increase value
- Benefit from market appreciation in your area
Ready to Tap Your Equity?
Connect with a HELOC expert who can help you unlock your home's equity with fast closings and transparent terms.
Check Eligibility