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Home Equity Calculator
Calculate home equity and track value over time
Your Home Information
$
$
years
%
$
%
Typical: 3-4%
Current Equity
$120,000
💎
Equity Percentage
30%
📊
Future Equity
$837,511
In 25 years
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Equity Gain
$717,511
📈
You Can Refinance!
Current Equity
$120,000
30% of home value
Future Equity
$837,511
100% of home value
Equity Growth
+$717,511
Over 25 years
Recommended Actions
💡
Consider refinancing if rates are lower
Equity Growth Over Time
Equity Percentage Timeline
Understanding Home Equity
What is Home Equity?
- Equity = Home Value - Mortgage Balance
- Grows through mortgage payments and appreciation
- 20% equity eliminates PMI
- Can be accessed through HELOC or refinancing
Ways to Build Equity
- Make extra principal payments
- Home improvements that add value
- Refinance to shorter loan term
- Wait for home appreciation
Equity Milestones
- 20% Equity: Can remove PMI, refinance without additional costs
- 50% Equity: Qualify for larger HELOC, strong financial position
- 80% Equity: Consider paying off mortgage or leveraging for investments