Home equity calculator.
Two inputs, straight answer: how much of your home you actually own, and roughly how much of it a lender would let you borrow against.
Lenders set their own limits, most commonly 80 to 90 percent combined loan-to-value, based on your credit and property. Estimates only; see our disclosures.
Why you can't borrow all of it
Equity is simply value minus what you owe. But lenders cap total borrowing at a percentage of the home's value, called combined loan-to-value or CLTV. At an 85 percent limit on a $425,000 home, all loans together can't exceed $361,250; subtract your current balance and what's left is your real borrowing room.
That's why the three rows above differ so much. Which limit you get depends on the lender and your profile, and it moves the answer by tens of thousands of dollars. One more reason to let several lenders compete instead of accepting the first cap you're quoted.
Put your equity to work.
Two minutes puts your scenario in front of lenders who compete for your HELOC.
Start your HELOC request