Home Equity Calculator
Calculate your home equity and loan-to-value (LTV) ratio.
See how much equity you have built in your property.
Your Home Equity
Home Equity is the portion of your home that you truly “own” — the difference between its market value and what you owe.
Home Equity = Current Home Value - Mortgage Balance
LTV (Loan-to-Value) Ratio shows what percentage of your home is still financed:
LTV = (Mortgage Balance / Home Value) × 100
Why equity matters:
- LTV below 80%: You can typically remove PMI (Private Mortgage Insurance)
- LTV below 80%: Qualifies for home equity loans/HELOCs
- Higher equity = more financial security and borrowing power
Equity percentage = 100% - LTV%
Example: Home worth $400,000 with $250,000 remaining mortgage:
- Equity: $150,000
- LTV: 62.5%
- Equity percentage: 37.5%