Your home & loan
Estimates only. Actual borrowing limits depend on the lender, program, your credit and income, and an appraisal. Not an offer, approval, or rate quote.
Your equity picture
How home equity borrowing works
Your equity is the difference between your home value and what you still owe on it. When you borrow against equity, through a home equity line of credit (HELOC), a home equity loan, or a cash-out refinance, lenders limit how much you can take out based on a combined loan-to-value (CLTV) cap. That cap, often around 80 to 85 percent depending on the program, includes your existing mortgage plus the new borrowing.
What this estimate shows
This tool multiplies your home value by the CLTV cap you enter, subtracts your current mortgage balance, and shows the rough amount that might be available. Your actual limit depends on the lender guidelines, your credit and income, and an appraisal of the value. It is a planning figure, not an approval.
Choosing a product
A HELOC works like a revolving line you draw on as needed; a home equity loan is a lump sum; a cash-out refinance replaces your existing mortgage. Each fits different goals. A licensed loan originator can compare them for your situation.
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