Home Equity Calculator
Find your home equity and loan-to-value from today's home value and mortgage balance, then see how much a lender would let you borrow at 80%, 85% and 90% combined LTV.
Equity is what's left after your mortgage is paid off from a sale. Lenders don't let you borrow all of it: most cap total debt on the home at 80% to 90% of its value. Enter your numbers and the calculator shows the equity you hold and the line a lender would actually extend.
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Quick answers
Common cases, computed by this calculator with the assumptions listed under the method. Select one to load it above.
- How much equity is in a $500,000 home with $300,000 owed?
- $200,000 (40.0% of the home) Home equity Open in the calculator
- How much can I borrow against a $400,000 home with $250,000 owed?
- $70,000 typical HELOC / home equity loan cap Borrowable at 80% CLTV Open in the calculator
- How much cash from selling a $750,000 home with $400,000 owed?
- $305,000 after 6% selling costs Cash if you sold today Open in the calculator
The math
Equity = home value − all liens. Loan-to-value = liens ÷ value. Borrowable amount at a given combined LTV = value × CLTV − existing liens. Lenders also check your credit score and debt-to-income ratio, so the CLTV figure is a ceiling, not an offer.
Why the value you enter matters most
A 10% error in the home value moves the borrowable line by 8% of the home's value. Lenders will order an appraisal; use recent sales of comparable homes rather than a listing-site estimate if you are close to a threshold.
HELOC vs home equity loan vs cash-out refinance
A HELOC is a variable-rate line you draw as needed; a home equity loan is a fixed lump sum; a cash-out refinance replaces your whole mortgage, which only makes sense if the new rate is close to your current one. Run the payment on any of them in the HELOC calculator.
Calculation notes updated .