Home Equity Calculator
Equity and LTV — the numbers lenders use.
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Home equity$120,000.00
Loan-to-value (LTV)70.0%
Lenders typically require LTV below 80% for HELOCs and cash-out refinances.
Frequently Asked Questions
How much equity can I borrow against?
Most lenders cap your combined loan-to-value at 80-85%, meaning you keep 15-20% equity in the home. On a $400k home with a $280k mortgage, you could borrow roughly $40k-$60k more.
HELOC vs cash-out refinance?
A HELOC is a revolving line with variable rates and no upfront cash. A cash-out refi replaces your mortgage at a new fixed rate. HELOCs win for flexibility; refis win if your current rate is high.
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