Home Equity Limits Based on Home Value

 

Determine the Various Amounts You Might Borrow...

With home equity, the amount you can actually take out can vary depending on a number of things. A lower credit score may mean you can only take out 70% of the value of the home (including your first mortgage), while a higher score allows 90% or even 100%. A stand-alone home will usually allow a higher percentage than a condo or town home. This calculator will estimate how large of a credit line you may be able to qualify for, for up to four Loan-to-Value ratios (percent of value of w are able to lend out). Of course, let us know if you have questions, we can easily go over your specific situation! Please note: this is for estimation purposes only with no guarantees.

Appraised value of property ($):
Total of mortgages owed against property ($):
Loan-to-value ratio 1 (%):
Loan-to-value ratio 2 (%):
Loan-to-value ratio 3 (%):
Loan-to-value ratio 4 (%):
Percent of Appraised Value:
Max amount of loans possible:
Less existing loans:
Your credit limit:
Please note: All of our Calculators are used for estimation purposes only and should not be considered final or guaranteed. Let us know if you want to go over your individual situation.

More financial calculators... Click here.

NCUA