Finance
Home Equity Calculator
Calculate home equity from current value and mortgage balance.
Formula
Equity equals current home value minus mortgage balance.
How it works
Equity is the portion you truly own. It rises as you pay down the loan and if the home's value rises, and falls if values drop or you borrow more against the home.
FAQs
Can equity be negative?
Yes, if the mortgage balance exceeds the home's value — known as being underwater.
How do I know the value?
A valuation or recent comparable sales, not the original purchase price.
Can I use equity?
Through selling, refinancing, or a home equity loan, each with costs and risks.
Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.
Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.