Home Finance
Home Equity Calculator
Find out how much equity you have in your home and how much is available to borrow against. Enter your home value and remaining mortgage balance.
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How This Calculator Works
Home equity is the difference between your home's market value and what you owe. Usable equity is how much lenders will let you borrow against, typically capped at 80%–90% of the home's value minus existing debts.
Formula: Equity = Home Value – Mortgage Balance – Other Liens. Usable Equity = (Home Value × LTV Limit) – Total Owed.
Assumptions & Limitations
- • Home value is an estimate — lenders require a formal appraisal.
- • Usable equity limits vary by lender (80% LTV is most common).
- • Does not guarantee loan approval, which depends on credit, income, and other factors.