Home Equity Calculator
Calculate your current home equity from market value and outstanding mortgage balance. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
Home Equity = Home Value - Mortgage Balance - Other Liens | LTV = Mortgage / Value × 100
Home equity is your ownership stake. Most HELOCs allow borrowing up to 80-85% LTV. Equity below 20% typically requires PMI.
Worked Examples
Example 1: $350K home
Problem:$350K value, $200K mortgage
Solution:Equity=$150K (42.9%). LTV=57.1%. HELOC up to $80K
Result:$150K equity
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy