Calculyn

Home Equity & HELOC Calculator

Estimate how much home equity you have and how much you could borrow with a HELOC or home equity loan.

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Results update as you type.

You could borrow up to

$90,000
Current equity
$150,000
Equity as % of value
37.5%
Max total debt allowed
$340,000
  • Equity38%
  • Mortgage balance63%
You could borrow up to$90,000

Results are estimates for planning and are not financial advice.

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Quick answer

A $400,000 home with $250,000 owed at an 85% cap leaves room to borrow about $90,000.

How it works

Lenders usually let your mortgage plus home equity borrowing total up to 80–85% of your home's value. Your borrowing room is that cap minus what you still owe.

Formula

Borrowing room = home value × max LTV − mortgage balance

Assumptions & limitations

  • Results are rounded for display.

Frequently asked questions

HELOC or home equity loan?

A HELOC is a flexible credit line with a variable rate; a home equity loan is a lump sum with a fixed rate.

Is the interest tax-deductible?

It can be if the money is used to improve the home. Check current tax rules or ask a tax professional.