Thinking about tapping into your home's equity? Our Home Equity Loan Calculator estimates the maximum amount you can borrow based on your home's value, existing mortgage balance, and typical loan-to-value (LTV) ratios set by lenders.
Our home equity loan calculator estimates how much you can borrow against your home and your monthly payment. Lenders typically allow up to 80%–90% of appraised value minus your mortgage balance.
Max borrowable = (Home value × Max LTV%) − Current mortgage balance
Your available equity = Home value − Mortgage balance. Lenders cap borrowing by combined loan-to-value (CLTV).
PMT = P × [r(1+r)n] / [(1+r)n − 1]
Where P = loan amount, r = monthly interest rate (annual ÷ 12), n = number of months. Early payments are mostly interest; over time more goes to principal.
Borrowing less than the maximum can improve approval odds. A shorter term raises monthly payments but reduces total interest paid.
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