Home Equity Calculator

Calculate home equity from value and mortgage balance — see equity dollars, percent and LTV.

Home Equity Calculator

Calculate home equity from value and mortgage balance — see equity dollars, percent and LTV.

Current home value($)

Mortgage balance($)

Enter values above and click Calculate — results will appear here with the formula explained.

Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100

How does this work?

Equity is value minus owed. Percent is equity divided by value. LTV is opposite, loan divided by value — lenders use LTV for PMI and refinance.

Value is market estimate. Appraisal determines official for lending.

For YMYL decisions, verify with authoritative sources (CFPB, IRS, WHO, or a licensed professional) and run conservative vs optimistic scenarios. This tool is educational, not professional advice — it assumes constant inputs and excludes fees, taxes and variability that affect real outcomes.

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Disclaimer: Results are estimates for informational purposes only and do not constitute professional financial advice. Consult a qualified professional for decisions.

What is Home Equity?

Equity is value minus owed. Percent is equity divided by value. LTV is opposite, loan divided by value — lenders use LTV for PMI and refinance. Formula: Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100

Quick Answer

Home Equity Calculator computes calculate home equity from value and mortgage balance — see equity dollars, percent and ltv. Formula: Equity = value - balance. Example: With $450k value, $280k balance: equity $170k, 37.

What it does: Calculate home equity from value and mortgage balance — see equity dollars, percent and LTV.
Formula: Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100
Inputs: Current home value ($) · Mortgage balance ($)
Example: With $450k value, $280k balance: equity $170k, 37.

Calculator Inputs at a Glance

Field	What to enter
Current home value ($)	e.g. 450000
Mortgage balance ($)	e.g. 280000

All fields use the exact formulas shown below — results include step-by-step breakdowns you can verify by hand.

How to Use This Calculator

1Enter current home value and remaining mortgage balance.
2Calculate to see equity dollars, percent and LTV.
3Track over years as you pay down and value rises.

Formula Used

Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100

Equity is value minus owed. Percent is equity divided by value. LTV is opposite, loan divided by value — lenders use LTV for PMI and refinance.

Value is market estimate. Appraisal determines official for lending.

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Worked Example

With $450k value, $280k balance: equity $170k, 37.8%, LTV 62.2%.

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Frequently Asked Questions

QWhat LTV avoids PMI?

80% LTV (20% equity) often removes PMI. At 62.2% you are clear.

QCan I borrow equity?

HELOC/home equity loan uses equity as collateral, up to 80-85% LTV.

QNegative equity?

If balance > value, equity negative — underwater. Happens after price drops.

Quick Answer

What it does: Calculate home equity from value and mortgage balance — see equity dollars, percent and LTV.

Formula: Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100

Inputs: Current home value ($) · Mortgage balance ($)

Example: With $450k value, $280k balance: equity $170k, 37.

Field

What to enter

Current home value ($)

e.g. 450000

Mortgage balance ($)

e.g. 280000

Formula Used

Equity = value - balance; Percent = equity/value*100; LTV = balance/value*100

Equity is value minus owed. Percent is equity divided by value. LTV is opposite, loan divided by value — lenders use LTV for PMI and refinance.

Value is market estimate. Appraisal determines official for lending.