Use the interactive calculator
Explore estimated home equity, a potential new loan amount, loan-to-value, estimated cash-out, and payment concepts with the site’s existing tool. The calculator logic is unchanged.
Open the cash-out calculatorStart with property value and balance
An estimate begins with the home’s current value and the balance that may need to be paid off. The resulting equity is not the same as cash available at closing.
Consider the proposed new loan
The potential new loan amount and its relationship to the home value create an estimated loan-to-value ratio. Program and provider limits may affect the actual structure.
Use estimates as a starting point
The calculator is an educational illustration, not a mortgage quote, approval, commitment to lend, rate lock, or guarantee of qualification or proceeds.
Frequently asked questions
Does the calculator change my credit?
No. The calculator is a local educational tool and does not create a mortgage application.
Why might actual cash be different?
Actual proceeds can depend on value, payoff amount, costs, program limits, eligibility, and provider guidelines.