How much equity could I access?
Home Equity Estimator
Home value minus what you owe is your equity. A lender's combined loan-to-value ceiling decides how much of it a line could reach; enter one to test.
Estimated equity
—
Liens exceed the value you entered, so there is no equity on these numbers.
Enter your home value to see the estimate.
- Home value—
- Total liens today—
- Current combined loan-to-value—
- Line size that would reach your tested ceiling—
- Ceiling you tested—
A ceiling on size, not an offer. Credit, documentation, valuation and program rules all apply.
Assumptions and how this is calculated
- Equity = estimated home value − first mortgage balance − any other liens.
- Combined loan-to-value (CLTV) = all liens ÷ home value. Lenders cap the CLTV a new line or second lien may reach; caps differ by lender, program, occupancy and credit, so you enter the ceiling to test.
- 'Line size that would reach your tested ceiling' = home value × the ceiling − existing liens. It is a ceiling on line size, not an offer: the actual limit also depends on credit, income or bank-statement documentation, the appraisal or valuation, and program rules.
- Home value is whatever you enter; a lender uses its own appraisal or automated valuation.
Estimate only. This calculator is an educational estimate based only on the numbers you enter and the stated assumptions. It is not a loan offer, rate quote, pre-approval, or Loan Estimate, and it does not reflect the actual terms of any loan. Rates, fees, taxes, insurance and lender guidelines vary. Speak with a licensed mortgage professional before making decisions.
Behind the numbers
Equity and the ceiling a lender applies
Equity is the gap between what the home is worth and what is owed against it. A home equity line or second lien borrows against that gap, but not all of it: lenders cap the combined loan-to-value ratio: every lien including the new one, divided by the home's value.
Because caps differ by lender, program, occupancy and credit profile, this estimator asks you to enter a ceiling to test rather than assuming one. The result is the largest line that would reach that ceiling; the actual limit also depends on the valuation the lender orders, your documentation path and the program's rules.
Next
The program this calculator belongs to.
Home Equity Line of Credit (HELOC)
Homeowners who want flexible access to their equity without refinancing their first mortgage.
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