See how much equity you have and how much you can borrow
Current market value (appraisal or online estimate)
Remaining first mortgage balance
Existing second mortgage or HELOC balance
Lender max combined loan-to-value (typically 80%)
Home Equity
Equity %
| Metric | Value |
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💳 Available to Borrow (HELOC / Home Equity Loan)
Enter your home's current market value, your remaining mortgage balance, and any second mortgage or HELOC balance. The calculator shows your total equity, equity percentage, current loan-to-value (LTV) ratio, and how much you could borrow through a home equity loan or HELOC.
Your home equity grows as you pay down your mortgage and as your home appreciates in value. Knowing your equity helps you decide whether to refinance, take out a HELOC, sell, or wait.
Home equity is the portion of your home that you truly own — your home's current market value minus everything you owe against it (your mortgage, second mortgage, and any HELOC balance). As you pay down your mortgage and your home appreciates, your equity grows.
Most lenders require your combined loan-to-value (CLTV) ratio to be 80% or lower to qualify. That means you need at least 20% equity. Some lenders go up to 85-90% CLTV, but the best rates are at 80% or below.
Typically, lenders let you borrow up to 80-85% of your home's value minus what you already owe. For example, if your home is worth $500,000 and you owe $300,000, you may be able to borrow up to $125,000.
A home equity loan gives you a lump sum with a fixed rate and fixed payments. A HELOC works like a credit card — you draw from a revolving line as needed, with a variable rate. HELOCs offer flexibility; home equity loans offer predictability.
Explore these six tools to understand your home's finances from every angle:
Plan your next move — refinance, sell, or borrow against your home's value:
The Toolzie Home Equity Calculator helps homeowners determine how much equity they've built in their property. Enter your home's current market value, your remaining mortgage balance, and any second mortgage or HELOC balance to instantly see your total equity, equity percentage, current loan-to-value (CLTV) ratio, and how much you could borrow through a home equity loan or HELOC.
Home equity is the portion of your home that you truly own — your home's current market value minus everything you owe against it (your mortgage, second mortgage, and any HELOC balance). As you pay down your mortgage and your home appreciates, your equity grows.
Most lenders require your combined loan-to-value (CLTV) ratio to be 80% or lower to qualify. That means you need at least 20% equity. Some lenders go up to 85-90% CLTV, but the best rates are at 80% or below.
Typically, lenders let you borrow up to 80-85% of your home's value minus what you already owe. For example, if your home is worth $500,000 and you owe $300,000, you may be able to borrow up to $125,000.
A home equity loan gives you a lump sum with a fixed rate and fixed payments. A HELOC works like a credit card — you draw from a revolving line as needed, with a variable rate. HELOCs offer flexibility; home equity loans offer predictability.
Not necessarily. Tax assessed values are set by local governments for property tax purposes and often lag behind the real market value. Lenders typically require a professional appraisal to determine your home's current market value for equity loan purposes.
Estimates only. Not financial, tax, or legal advice. Full disclaimer · Terms