Determine how much of your home you truly own.
Calculate Home Equity
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How to Use This Calculator
Enter your home’s current market value and your outstanding mortgage balance.
Frequently Asked Questions
What is LTV?
Loan-to-Value (LTV) is the ratio of your mortgage loan to your home’s value.
How does the Home Equity Calculator work?
The Home Equity Calculator simply subtracts your outstanding mortgage balance from your home’s current market value to determine your ownership stake.
Why do I need to know my LTV in the Home Equity Calculator?
LTV (Loan-to-Value) is critical. The Home Equity Calculator shows your LTV, which banks use to approve HELOCs or remove PMI.
Can the Home Equity Calculator help me drop PMI?
Yes! If the Home Equity Calculator shows you have more than 20% equity, you can usually contact your lender to drop Private Mortgage Insurance.
Does the Home Equity Calculator use Zillow estimates?
You must manually input your estimated home value into the Home Equity Calculator. Use recent local sales for the best accuracy.