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Underwater Mortgage Calculator

When will I finally be above water again?
  • Your initial loan amount:
  • The loan's term:
  • The loan's interest rate:
  •  years
  •  %
  • First payment date:
  • Current home value:
  • Expected annual appreciation:
  • /
  •  %
  • Extra monthly prepayment:

When will my home and mortgage no longer be underwater?

If you're underwater in your mortgage, you're not alone. Millions of homeowners are in the same boat. Even if you are eligible for refinancing under the HARP 2.0 program, you'll still be underwater for some time.

The question, then, is: "When will I finally be above water again?"

Getting your mortgage back above water depends upon three things: the continued payment of your mortgage (amortization), how quickly home prices recover in your area (appreciation), and any additional mortgage payments you might make along the way (prepayment).

It is the intersection of these three factors that will tell you the exact date. Stronger home price appreciation or greater prepayments will speed up the time, while regular amortization will take the longest.

Use the calculator to plug in your own scenario to see exactly when you'll be back in the black.

Note: If you have a specific date in mind when you want or need to be back above water, you should check out KnowEquity How, where we'll tell you how much amortization, appreciation and prepayment you'll need to get to your goal, including the full recovery of your home's original value