Home Equity Calculator
How much equity do you have in your home? This calculator shows your total equity, CLTV ratio, and potential HELOC borrowing power — useful for refinancing or investing.
Home Equity Calculator
Calculate your current equity position and borrowing potential
CLTV (Combined Loan to Value) ratio represents your mortgage balance relative to home value. Lower CLTV = more equity. HELOC potential assumes 80% maximum LTV. Does not account for closing costs, PMI, or other liens. Consult a lender for actual HELOC qualification.
Frequently Asked Questions
How do I calculate my home equity?+
Home equity = Current home value − Mortgage balance (+ any improvements). Example: $500,000 home with $280,000 mortgage = $220,000 equity (44% equity). Equity grows through appreciation, principal payments, and renovations.
What is a HELOC and how much can I borrow?+
A Home Equity Line of Credit (HELOC) lets you borrow against your equity, typically up to 80% CLTV. On a $500k home with $280k mortgage: max HELOC = ($500k × 0.80) − $280k = $120,000. HELOCs have variable rates and interest-only payment options.
What is CLTV and why does it matter?+
CLTV (Combined Loan-to-Value) = Total mortgage balance ÷ Home value × 100. It includes all liens on the property. Most lenders require CLTV below 80-90% for HELOCs or cash-out refinancing. Lower CLTV = better rates and more borrowing power.
How do I calculate my home equity?
Home equity = Current home value − Mortgage balance (+ any improvements). Example: $500,000 home with $280,000 mortgage = $220,000 equity (44% equity). Equity grows through appreciation, principal payments, and renovations.