How much home equity could you borrow against?

Estimate equity, CLTV and a potential home-equity loan payment.

When this calculator is useful

Estimate how much additional borrowing may fit within a selected combined loan-to-value limit and what a proposed home-equity loan could cost.

What to enter

Enter estimated home value, current mortgage balance, maximum CLTV assumption, proposed home-equity loan amount, APR and repayment term.

How to read the result

Review the maximum additional borrowing allowed by the entered CLTV assumption and compare it with the proposed loan amount and estimated equity position.

Questions worth testing

Compare an 80% versus 85% CLTV assumption, a smaller loan amount, or different APR and repayment terms.