Home Equity Calculator
Calculate your current home equity and equity percentage.
Amortization schedule
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Showing first 12 of months.
Growth over time
| Year | Invested | Value |
|---|---|---|
Introduction
Home Equity Calculator — Calculate your current home equity and equity percentage. Enter Current home value, Remaining mortgage balance to get an instant, accurate result.
Formula
Equity = current home value − remaining mortgage balance. Equity % = equity / current home value × 100.
Step-by-step
- Enter the Current home value.
- Enter the Remaining mortgage balance.
- Click Calculate to see your result instantly.
Real-world example
Example: With Current home value = 400000, Remaining mortgage balance = 220000, the Home Equity Calculator gives Equity: 180000, Equity Pct: 45.
Frequently Asked Questions
Is my usable equity the same as my total equity?
No — lenders typically only let you borrow against equity up to a maximum combined loan-to-value (often 80–85%), so usable equity is less than total equity.
How does equity change over time?
It grows as you pay down principal and as the home's market value appreciates, and can shrink if home values fall or you draw on a HELOC/home equity loan.
What inputs does the Home Equity Calculator need?
You'll need to provide: Current home value, Remaining mortgage balance. All fields use sensible defaults, so you can see a working example immediately and then adjust the values to match your own numbers.
How accurate is the Home Equity Calculator?
The Home Equity Calculator applies the formula exactly as calculated — Equity = current home value − remaining mortgage balance. Equity % = equity / current home value × 100. — so results are precise for the inputs you provide. Accuracy depends on entering correct, realistic input values.
Is the Home Equity Calculator free to use?
Yes, the Home Equity Calculator is completely free, requires no signup, and runs instantly in your browser.
About the Home Equity Calculator
The Home Equity Calculator uses a real, verifiable formula — Equity = current home value − remaining mortgage balance. Equity % = equity / current home value × 100. — so results are accurate every time, not an approximation.