dcsimg
We research, you save.
Got Questions On Rates? (855) 610-2972

Home Equity Calculator - KnowEquitySM Tracker

HSH.com User Rating : 1 Stars 2 Stars 3 Stars 4 Stars 5 Stars (19 votes, average: 4.89 out of 5)

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 a... Read More.

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 a 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.

Read Less.
Calculate Your Home Equity
Purchase price / Value at last refinance
$
Downpayment: Enter amount or percent
$ OR %
Loan amount / Amount at last refinance
$
Loan Term
Years
Loan Interest Rate
%
First Payment Date
Current Home Value
$ OR
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.
Have you made any prepayments?
Regular Monthly Prepayment
Start Date
Regular Payment Amount
$
One-time Prepayment
Date
One-time Payment Amount
$
Biweekly Prepayment
Start Date
Biweekly Payment Amount
$
Annual Prepayment
Start Date
Annual Payment Amount
$
Irregular Prepayment
Date
Irregular payment 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
Today's Home Equity Home Equity Projector Home Equity Goal Solver
Current Estimated Home Value:
$0
Your Original Equity:
$
Original LTV: 0%
Your Current Estimated Equity:
$
Estimated current LTV: 0%
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 $0
90% of the value of your home, you could borrow $0
85% of the value of your home, you could borrow $0
80% of the value of your home, you could borrow $0
75% of the value of your home, you could borrow $0
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.
Desired Equity Amount
$
Expected Annual Appreciation
% OR
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.
Result is based on
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 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 --/--
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.
Desired Equity Amount:
$
I want to have this amount of equity by this date:
C
A
L
C
U
L
A
T
I
N
G