Your Home & Loan Details
Current Home Value
$
$
Your Mortgage
$
$
Growth Projections
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How equity grows: Your equity increases two ways — your mortgage balance decreases with every payment, and your home value rises with appreciation. Both are tracked below.
Your Equity Analysis
—%
Equity
Your equity
$—
—
Remaining debt
$—
mortgage + other liens
—
—
Loan-to-Value (LTV)
—%
—
Equity gained since purchase
$—
vs. original purchase price
Apprecication gain
$—
home value increase
Paydown gain
$—
principal paid off
LTV ratio gauge
0% — Owned free
60% — Best rates
80% — No PMI
100%+
What you can borrow against your equity
HELOC (Home Equity Line of Credit)
Revolving credit line up to 85% combined LTV. Variable rate, draw as needed.
$—
Home Equity Loan
Lump sum up to 80% combined LTV. Fixed rate, predictable payments.
$—
Cash-out Refinance
Refinance up to 80% LTV and take the difference as cash. Replaces your existing mortgage.
$—
Projected equity growth
Paydown
Appreciation
Smart uses of home equity
Home improvements — renovations that add value (kitchens, bathrooms, additions) often return 60–80% of cost in increased home value
Education costs — home equity rates are typically lower than student loan rates, especially for graduate programs
Debt consolidation — paying off high-interest credit cards with low-rate home equity can save thousands annually
Emergency fund backup — a HELOC costs nothing until you draw on it, making it an effective safety net
Caution: your home is collateral — if you can't repay, you risk foreclosure. Never borrow equity for depreciating assets like cars or vacations
Home equity estimates are based on your stated home value and mortgage balance. Actual home value requires a professional appraisal. HELOC and home equity loan limits vary by lender. Combined LTV limits of 80–85% are typical but not universal. Consult a licensed mortgage professional before accessing your home equity.
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