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External Resource: Home Equity Loans
HOME EQUITY LOAN CALCULATOR
This home equity loan calculator will tell you how much equity you have in your home that you could use to get a home equity loan! When determining your home equity and using this home equity loan calculator, you will have to estimate how much your property appreciated since you purchased it. Keep in mind however, that this calculator will assume that you have made all of your mortgage payments on time, as scheduled. If you have made a couple of larger than normal payments to pay-down the loan principal, or if you have made some late payments, your actual loan balance on your current mortgage loan could be different. Also remember that this calculator can only assume the rate at which your home has appreciated. When a lender calculates how much of a home equity loan you qualify for, it will rely upon a value determined by a professional appraiser.
HOME EQUITY LOAN
CALCULATOR
ENTER YOUR PROPERTY VALUE INFORMATION
What was the purchase price of the home?:
$
How many years have you lived in the home? (use numeric value):
years
What is the annual property appreciation rate in your neighborhood? (use numeric value):
%
ENTER YOUR CURRENT MORTGAGE LOAN INFORMATION
What was your original loan amount:
$
Current loan's interest rate:
%
Loan term (use numeric value):
years
Number of years left to pay on current loan (use numeric value):
years
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