Home Equity Calculator

Estimate your current home equity, what you might net after selling costs, and how much equity may be available to borrow at a selected combined loan-to-value limit.

Property and mortgage balances

Use your current home value and all mortgage balances tied to the property to estimate your available equity.

Include any second mortgage, HELOC balance, or other lien that would need to be paid off from the property value.

Planning assumptions

These assumptions help estimate sale proceeds and how much equity might be accessible for a refinance or HELOC.

This can include agent commission, transfer taxes, title fees, and seller-paid closing expenses.

Combined loan-to-value is the total of all mortgage balances against the home value. Many cash-out or HELOC programs cap this near 80%.

How to Use the Home Equity Calculator

Estimate your current home equity, what you might net after selling costs, and how much equity may be available to borrow at a selected combined loan-to-value. This calculator is part of our mortgage & loans collection, where readers compare payment scenarios, borrowing costs, affordability, refinance math, and payoff timing before making a decision. Model monthly payments, APR, amortization, refinance savings, points, PMI, and rent-versus-buy so you can compare scenarios before applying.

Start with realistic values for Current Home Value, First Mortgage Balance, Second Mortgage or HELOC Balance, and Estimated Selling Costs (%). Those inputs usually carry the biggest weight in the estimate, so it helps to change one assumption at a time and review how the output moves.

When you review the output, look beyond the single headline number. Compare conservative and aggressive assumptions, because the range between those scenarios often reveals more about monthly payment, total interest, affordability, and payoff speed than one estimate on its own.

After you review the result, compare it with Loan Calculator, Annual Percentage Rate (APR) Calculator, and Payment / Amortization Calculator. Looking at related calculators side by side can show whether the main trade-off is monthly payment, total interest, affordability, and payoff speed, and it gives you a better starting point for a lender conversation or financial planning decision.

Related Calculators

Frequently Asked Questions

Use the Home Equity Calculator to test realistic scenarios before you borrow, save, invest, or change a payment strategy. Start with Current Home Value, First Mortgage Balance, Second Mortgage or HELOC Balance, and Estimated Selling Costs (%), review the result, and then adjust one input at a time so you can compare the impact clearly.

Inputs such as Current Home Value, First Mortgage Balance, Second Mortgage or HELOC Balance, and Estimated Selling Costs (%) usually drive the result the most. In the mortgage & loans category, small changes in rates, term length, upfront fees, escrow costs, and payment strategy can materially change the estimate, so it is worth testing conservative assumptions as well as optimistic ones.

Compare the result with Loan Calculator, Annual Percentage Rate (APR) Calculator, and Payment / Amortization Calculator. That gives you better context for deciding whether your main priority is monthly payment, total interest, affordability, and payoff speed, rather than relying on a single estimate in isolation.