Recent Calculations
Use this calculator to determine the amount of the home equity line of credit that you may qualify to receive. The amount is based on a percentage of the appraised value of your home, less outstanding home loan balances which could include your first mortgage, second mortgage(s), and any other debt that is secured by your home.
The current value of your home as determined by a bank approved appraiser or automated valuation modal.
Total amount of all outstanding home loan balances, including your first mortgage, second mortgage(s), and any other debt that is secured by your home. Do not include any debt secured by your home that would be paid off with the new line of credit.
The maximum percentage of your home's appraised value that the lender will allow you to borrow against. For example, if the lender has an 80% limit, and the home has an appraised value of $400,000, the applicant could have no more than $320,000 in outstanding home loans.