Calculate available home equity for HELOC or refinance
For homeowners accessing equity: calculate total home equity, available equity, and maximum HELOC or cash-out refinance amount.
Home Equity Calculator
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Create Free AccountWhat it does
The Home Equity Calculator determines how much equity you've built through principal paydown and property appreciation, then calculates available home equity, current LTV, and potential HELOC or cash-out refinance amounts. Input current property value and mortgage balance to see your equity position.
Home equity unlocks refinancing and HELOC opportunities to fund renovations, investments, or debt consolidation. This calculator reveals your equity availability and shows how much cash you can potentially extract while maintaining prudent leverage.
Who it's for
- Homeowners exploring HELOC or cash-out refinancing opportunities for capital access
- Investors using home equity to fund down payments on investment properties
- Financial advisors modeling home equity as part of total net worth strategy
- Lenders calculating available equity for cash-out refinance offerings to borrowers
How it works
Enter current home value and mortgage balance
Home value: recent appraisal or estimate. Mortgage balance: from last statement.
Calculate total equity
Value minus mortgage balance.
Determine available equity for borrowing
Typically 80–85% LTV rule; some lenders go to 90%.
Why it matters
Know exactly how much equity you've built
Calculate max HELOC draw (typically 80–85% LTV)
Compare HELOC versus cash-out refinance options
Plan home improvement or debt consolidation financing
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Frequently asked questions
How much equity can I borrow against?
Typically 80–85% LTV total. If home worth $400K and mortgage $250K, available equity: $400K × 0.85 - $250K = $90K.
Should I get a HELOC or cash-out refinance?
HELOC: line of credit (pay as you use), variable rate, lower cost initially. Cash-out refi: fixed rate, all at once, can be cheaper long-term.
What rates should I expect on HELOC?
HELOC: prime + 1–3%; currently 8–11%. Cash-out refi: current mortgage rates (5–7%). HELOC higher risk = higher rate.
Can I borrow against equity on investment property?
Yes — HELOC or cash-out refi on rentals, flips, or any real estate. Rates often higher (1–2% premium) due to investment risk.
Is this calculator free to use?
Yes — create a free Investor Starter account to run 1 calculator per day. No credit card required. Upgrade to Core ($49/mo) for unlimited access to all 67 calculators.
How accurate are the results?
Results are only as accurate as your inputs. The formulas use industry-standard real estate investment math. Always verify with a licensed professional before committing capital.
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