Home Details
Most lenders allow 80–85%
Equity Summary
Home Equity
$170,000.00
Current LTV
62.22%
Max You Can Borrow
$102,500.00
Est. Monthly Payment
$1,270.85
10-yr loan
Frequently Asked Questions
What is home equity?
Home equity is the portion of your home's value that you own outright: Home Value − Mortgage Balance. As you pay down your mortgage and/or your home appreciates, equity grows. It's the foundation for HELOCs and home equity loans.
What is the difference between a HELOC and a home equity loan?
A HELOC (Home Equity Line of Credit) is a revolving credit line — like a credit card secured by your home. A home equity loan gives you a lump sum with fixed monthly payments. HELOCs have variable rates; home equity loans typically have fixed rates.
How much can I borrow against my home equity?
Most lenders allow up to 80–85% combined LTV (Combined Loan-to-Value). If your home is worth $400,000 and your mortgage balance is $250,000, with 85% CLTV you can borrow up to: $400,000 × 0.85 − $250,000 = $90,000.
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