Home Equity Calculator

Calculate how much equity you have in your home and track equity growth over time.

HELOC, second mortgage, etc.

Frequently Asked Questions

What is home equity?

Home equity is the portion of your home that you own outright. It's calculated as: Current Home Value - Outstanding Mortgage Balance. For example, if your home is worth $400K and you owe $250K, you have $150K in equity.

How do I build home equity?

Build equity by: 1) Making mortgage payments (reduces loan balance), 2) Home appreciation (increases value), 3) Making extra principal payments, 4) Home improvements that increase value.

What is a good amount of home equity?

20% equity is the minimum to avoid PMI. 50%+ equity provides financial flexibility. Most lenders allow borrowing up to 80-85% of home value, so maintaining 15-20% equity is recommended.