DirectPath

Home Equity Calculator

See how much equity you have available to borrow against with a HELOC or cash-out refinance.

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Use recent comparable sales or online estimates as a guide

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Include existing HELOCs, second mortgages, or other home loans

Most lenders cap at 80% CLTV. Some allow up to 85-90% with good credit.

Your Home Equity

37.8%equity
Available to borrow
Protected equity (20%)
Amount owed

Total equity

$170,000

Available to borrow

$80,000

Current LTV62.2%
0%Max 80%

HELOC

$80,000

Maximum credit line

  • Draw as needed
  • Variable rate
  • Interest-only option

Cash-Out Refi

$80,000

Maximum cash at closing

  • Lump sum payment
  • Fixed rate available
  • Single monthly payment

How Home Equity Works

Home Value − Mortgage Balance = Home Equity

Your Home Value$450,000
Minus Amount Owed− $280,000
Your Total Equity= $170,000

HELOC vs Cash-Out Refinance

A HELOC is a revolving credit line you can draw from as needed, while a cash-out refinance replaces your current mortgage with a new, larger one and gives you the difference in cash.

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Common Uses for Home Equity

  • • Home improvements & renovations
  • • Debt consolidation
  • • Education expenses
  • • Emergency fund
  • • Investment property down payment

Calculator Disclaimer: This calculator provides estimates based on the information you enter. Actual available equity and borrowing limits depend on credit score, income, and lender requirements. A professional appraisal will determine your official home value. Contact us for personalized options. NMLS #2783717. Equal Housing Lender.

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Explore HELOC and cash-out refinance options with our team.

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