Home Equity Calculator — Know Your Equity and LTV

Calculate your current home equity, loan-to-value ratio, and whether you qualify to remove PMI or access a HELOC.

Quick answer: Home equity is home value minus mortgage and lien balances. Lenders often cap borrowing by combined loan-to-value, so usable equity is usually less than total equity.

SWReviewed by SwitchWize Research Desk · Last reviewed July 20, 2026

Your Home Equity

$130,000

Your Home Equity

$130,000

Equity Percentage

28.89%

Loan-to-Value Ratio (LTV)

71.11%

Appreciation Since Purchase

$50,000

Diagnostic

You have $130,000 in equity — 28.89% of your home value.

Your current-value LTV estimate is 71.11%. PMI cancellation and home-equity underwriting use separate rules and verified values.

See HELOC rates

What to do next

Explore HELOC and equity options

Your action plan

1
Review the risk level and primary pressure point
Estimate signed home equity and current-value LTV without determining PMI cancellation or borrowing eligibility.
2
Pressure-test one alternate scenario before deciding
Assumptions change the answer, especially when rates, taxes, or timing matter.
3
Save the result to Money Map or use the linked next action
Turn the result into a prioritized action instead of treating it as a one-off number.

Explore HELOC and equity options

This is an educational estimate, not tax, legal, investment, or lending advice. Tax rules, rates, and eligibility change and depend on your full situation. Confirm with a qualified professional or the provider before acting.

Calculator action path

Turn this result into a decision

Every SwitchWize calculator connects to a product comparison, rate context, guidance, alerts, and Money Map.

Rate authority hub

Compare

You could gain ~$130,000/yr — compare nowMove from calculation to current product options.

Rate Trend

Track mortgage ratesUse market context before you decide when to act.

Guide

HELOC vs Home Equity Loan vs Cash-Out Refi: Which Home Equity Strategy Wins?HELOC: variable rate, flexible draw. Home equity loan: fixed rate, lump sum. Cash-out refi: replaces your mortgage with a larger one. Here's how to choose the right home equity strategy in 2026.

Money Map

Map this $130,000/yr opportunitySave this opportunity and see how it fits your broader money plan.

Alert

Create a rate alertWatch the market instead of checking manually.

About mortgage rates

Mortgage rates depend on loan type (30-yr fixed, 15-yr fixed, ARM, FHA, VA, jumbo), your credit score, down payment, points paid, loan amount, property state, and whether you're purchasing or refinancing. The calculator above uses a representative market rate for payment estimates — your actual rate will vary.

For a personalized rate comparison, use the tool below to see lenders ranked by APR, loan type, and your profile.

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30-yr fixed · 15-yr fixed · FHA · VA · ARM — ranked by APR

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Mortgage rates shown on SwitchWize compare pages include loan type, assumed FICO, LTV, and points. Representative only — verify all terms directly with the lender. Advertising disclosure

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Frequently Asked Questions

Everything you need to know.

At what LTV can I remove PMI?

You can request PMI removal when your LTV reaches 80% (20% equity). Lenders must automatically cancel PMI at 78% LTV under the Homeowners Protection Act. You may need a new appraisal to prove your current value — in an appreciating market, this can happen much faster than expected.

How do I access my home equity?

Three options: cash-out refinance (new mortgage, larger balance), HELOC (revolving credit line), or home equity loan (fixed lump sum). In a high-rate environment, a HELOC or home equity loan on top of your existing mortgage often makes more sense than refinancing your entire low-rate mortgage.

Is the Home Equity Calculator — Know Your Equity and LTV free to use?

Yes. SwitchWize calculators are free, and you do not need an account to run scenarios or view the result.

Does using the Home Equity Calculator — Know Your Equity and LTV affect my credit score?

No. Using a calculator does not trigger a credit check. A credit impact can occur only if you apply directly with a lender, card issuer, or provider.

Are the results personalized financial advice?

No. Calculator outputs are educational estimates based on the inputs you enter. Review assumptions and confirm terms directly with providers before making a financial decision.

What should I do after seeing the result?

Use the recommendation module on this page to explore heloc and equity options, or run Money Map to compare this home & mortgage decision with your other opportunities.

How does SwitchWize choose related offers?

Related offers are matched by the calculator surface (mortgage) and ranked using SwitchWize data such as rate, fees, trust signals, product fit, and switching friction. Paid relationships do not change organic ranking order.

How fresh are the rates and offers shown?

Rate and offer data is reviewed on a recurring cadence and every offer module shows review context or links to the methodology and disclosure pages.

Where can I see the ranking methodology?

The SwitchWize methodology page explains how rate freshness, editorial review, affiliate disclosure, and category ranking factors work.

Can Money Map use this result?

Yes. Money Map is the broader diagnostic path: it compares savings, mortgage, cards, and debt so you can see whether this calculator result is your highest-impact next move.

Why This Matters

Home equity is often a household's largest asset — and most people check it infrequently. Knowing your LTV tells you if you can drop PMI (saving $100–$300/month), qualify for a HELOC, or have enough equity to refinance.