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Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Home Equity Calculator - KnowEquitySM Tracker

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Home equity is built by paying down your mortgage and by what happens to the value of your home. Use this simple home equity calculator to estimate how much equity you have in your home and how much of it a lender might allow you to borrow.

KnowEquity Tracker and Projector will also let you discover when you'll reach a desired equity goal, and can even reveal the combination of property price appreciation and prepayment you'll need to hit specific future equity goals.

How to calculate home equity

To help reckon how much equity you have, you can provide an estimate of your home's current value or get ...Read Morea working estimate of how much your home is worth based upon what's happened to home prices in your market over time.

Even when you have equity in your home, you probably won't be able to borrow all of it. Lenders will generally require at least some to be held back, and your credit score and current debt load will also be determining factors. Home equity lending conditions tighten and loosen over time and can vary greatly from lender to lender, so it is always a good idea to shop around to see what is available to you.

Only an appraisal can determine the actual value of your home, but some lenders may use an Automated Valuation Model (AVM) in their decision to determine the amount you can borrow.

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Home Equity Calculator and Projector

C A L C U L A T I N G

Calculate Your Home Equity

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ESTIMATE CURRENT HOME VALUE ⓘ Current values are estimated using the Federal Housing Finance Agency's Home Price Index for the market you select. Please select the market that is closest to your location. If there is no suitable match, you'll need to enter a dollar amount in the "Current Home Value" field.
Regular Monthly Prepayment
Regular Payment Amount
One-time Prepayment
One-time Payment Amount
Biweekly Prepayment
Biweekly Payment Amount
Annual Prepayment
Annual Prepayment Amount
Irregular Prepayment
Irregular Prepayment Amount
+ Add prepayment ⓘ For irregular prepayments, select month and year, then add amount. Click calculate to see results or "Add prepayment", then change the date and amount if needed. Repeat this for all irregular prepayment you have made to date
Results
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Current Estimated Home Value:
$125,000.00
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Your Original Equity:
$0
Original LTV: 100.00%
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Your Current Estimated Equity:
$2,201.30
Estimated current LTV: 98.24%
Lenders generally won't allow you to borrow 100% of the value of your home. In certain market conditions, you may be able to borrow up to 90 or even 95% of the home's value but in today's market, 80 or 85% is common.
If a lender allowed you to borrow up to...
95% of the value of your home, you could borrow No Equity
90% of the value of your home, you could borrow No Equity
85% of the value of your home, you could borrow No Equity
80% of the value of your home, you could borrow No Equity
75% of the value of your home, you could borrow No Equity
See our comprehensive Guide to Home Equity
SEE COMPREHENSIVE GUIDE
If you have a desired level of home equity in mind, HSH's Home Equity Projector will tell you when you can expect it to become available. When this will happen depends on amortization, any prepayments you make and future home-price appreciation. For this calculation, if you have been making any prepayments on your loan, we assume they will continue.
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Estimate Future Appreciation For Me ⓘ Future home price appreciation is based on median annual price changes for the market you select. This is derived from the Federal Housing Finance Agency's Home Price Index, and covers a time period from first quarter 1991 to the most recently available quarter. If no market closely matches yours, select "National Average Median" as a basis, or add in your own.
Lenders generally won't allow you to borrow 100% of the value of your home. In certain market conditions, you may be able to borrow up to 90 or even 95% of the home's value but in today's market, 80 or 85% is common.
Here's when you will have in borrowable equity at a range of common total loan-to-value (TLTV) ratios:
If a lender allowed you to borrow up to...
95% of the value of the home, this will occur on --/--
90% of the value of the home, this will occur on --/--
85% of the value of the home, this will occur on --/--
80% of the value of the home, this will occur on --/--
75% of the value of the home, this will occur on --/--
See our comprehensive Guide to Home Equity
SEE COMPREHENSIVE GUIDE
If you want [or need] to have a certain amount of equity by a specific feature date, HSH's Home Equity Goal Solver will tell you what market condition and/or prepayment action that need to happen in order for you to hit your equity goal.
See our comprehensive Guide to Home Equity
SEE COMPREHENSIVE GUIDE

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