Home equity calculator
Your equity is your home's value minus what you owe. Here's how much you have — and how much of it you might be able to use.
Estimates only, capped at $750,000. Actual limits depend on credit, occupancy, and state (Texas homesteads are limited to 80% CLTV).
Check eligibility — soft pullThe home equity formula
Home value − mortgage balance(s) = home equity
Example: a $550,000 home with a $300,000 balance has $250,000 of equity (about 45%).
Why you can't borrow all of it
Lenders keep a cushion of equity in your home. They limit your combined loans to a percentage of the value — often around 80% for a primary residence. So a home with 45% equity might support a line of roughly 25% of its value at an 80% limit.
How equity grows
- Paying down your mortgage principal
- Home price appreciation in your market
- Improvements that add value
More calculators
Frequently asked questions
How do I find my home's value?
How much equity do I need for a HELOC?
Keep reading
Not ready to apply? Request a call.
Tell me a little about your home and what you want to use the funds for. I'll call you, answer your questions, and let you know whether a HELOC makes sense — before any credit check.
- Straight answers from a licensed loan originator, not a call center
- No credit pull to talk through your options
- If a HELOC isn't the right fit, I'll tell you
Prefer to start now? Apply online — soft pull