$750,000 estimated value · $465,000 mortgage balance
Start with two numbers
ESTIMATED HOME VALUE
$750,000
$150K$2M
MORTGAGE BALANCE
$465,000
$0$750K
HOW YOUR HOME VALUE BREAKS DOWN
Your equity
$285,000
Mortgage
$465,000
Estimated home value
Value you chose to test
$750,000
Mortgage balance
Amount still owed
$465,000
Estimated equity
About 38% equity
$285,000
WHAT THIS COULD MEAN
You may have about $285,000 between your home’s estimated value and what you still owe.
This is a simple educational estimate of gross home equity: estimated home value minus mortgage balance. It is not an appraisal or an estimate of cash you would receive from selling or borrowing. Selling costs, other liens, loan requirements and actual property value can reduce the amount available to you.
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YOUR HOME PLAN
Updated ✓
Estimated equity: $285,000
$750,000 home value · $465,000 mortgage · 38% equity