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Home Equity Calculator
Equity is the part of your home you own outright. It grows two ways: the balance you pay down and the value the market adds. Most homeowners underestimate both.
Knowing the number matters even when you are not borrowing. It tells you when mortgage insurance can come off, what a move-up purchase could look like, and how much of your net worth is sitting in the house.
Your numbers
Cash-out refinances commonly cap near 80%; some equity lines reach 85 to 90%.
Your results
Equity you hold today
$162,000
37.7% of the home's value
- Current loan-to-value
- 62.3%
- Borrowing ceiling at your limit
- $344,000
- Equity available to access
- $76,000
- Payment on the amount you would borrow
- $426
- Untapped equity that stays yours
- $112,000
- Mortgage insurance status
- Should be removable
After the $268,000 already owed
$50,000 at 8.25% over 20 years
You are at or below 80% loan-to-value
What happens if you change this
You hold about $162,000 in equity at a 62.3% loan-to-value. At a 80% limit, roughly $76,000 of that is accessible, and borrowing $50,000 at 8.25% would add about $426 a month for 20 years. Equity is not free money, but it is the least expensive borrowing most households have access to. Reserve it for improvements, higher-rate debt or a move rather than ordinary spending.
Ready for real numbers?
Estimates get you oriented. A pre-approval gets you an offer sellers take seriously.
Related calculators
- HELOC CalculatorEstimate how much you can borrow against your equity, and what the interest-only and repayment payments look like.
- Refinance CalculatorFind your true break-even point — the month the savings finally outrun the cost of refinancing.
- Extra Payment CalculatorSee how much time and interest a little extra principal each month actually saves.
- PMI CalculatorSee what private mortgage insurance costs you, and exactly when you can get rid of it.
Questions people ask
- How much equity can I borrow against?
- Most cash-out refinances stop near 80% of value, and some equity lines reach 85 to 90%. Subtract everything you owe from that ceiling to see what is genuinely available.
- How do I know what my home is worth?
- Online estimates are a starting point, not an answer. A local agent's comparable analysis is more accurate, and a lender uses a licensed appraisal when the number has to hold up.
Estimates for education only — not a loan approval, rate quote, or commitment to lend. Actual figures depend on credit, property, program guidelines, and market conditions at the time of lock. Corie Adams · NMLS #1875205 · Network Funding, LP · NMLS ID #2297 · Equal Housing Opportunity.
In plain English
It shows how much of your home you truly own, and how much of that a lender would let you use.
When to use it
- You are planning a renovation and weighing how to pay for it
- You think you may be past eighty percent and can drop mortgage insurance
- You are considering a move up and want to know your likely proceeds
Common mistakes
- Trusting an online value estimate
- Automated values can be off by tens of thousands. A local comparable analysis is far closer.
- Treating equity as spending money
- It is borrowed against your home, with your home as collateral. Reserve it for improvements, debt at higher rates, or a move.
- Forgetting selling costs
- Commissions and transfer tax come out of equity before you see proceeds.