Home Equity Loan Calculator: Estimate Your Cash-Out Amount

House icon with cash-out calculator graphic

Looking to tap into your home’s equity? A home equity loan (or HELOC) can provide a lump sum or line of credit. Use our calculator to estimate how much cash you can borrow against your home’s value.

Table of Contents

1. How This Calculator Works

We take your home’s current market value, outstanding mortgage balance, and your lender’s maximum loan-to-value (LTV) ratio to estimate the maximum cash-out amount.

2. Required Details

  • Home Value: Estimated current market value.
  • Mortgage Balance: Remaining principal balance.
  • Maximum LTV (%): Typical limits are 80%–90% of value.

3. Step-by-Step Example

Assume:

  • Home Value: $400,000
  • Current Mortgage Balance: $250,000
  • Max LTV: 85%

Calculation:

  1. 85% of $400,000 = $340,000
  2. Maximum loan amount = $340,000 – $250,000 = $90,000 cash-out

4. Tips for Best Results

  • Use a recent appraisal or online estimate for home value.
  • Check your lender’s exact LTV policy—some offer up to 90%.
  • Factor in closing costs (2%–5%) when planning your net cash.

5. Use Our Calculator

Ready to see your numbers? Enter your details below:

This post contains affiliate links. We may earn a commission at no extra cost to you.

Get a Quote from Better.com → Explore Rocket Mortgage Cash-Out →

Conclusion

Our home equity loan calculator helps you quickly gauge how much you can borrow against your home. Armed with this insight, you can compare offers and choose the best cash-out option for your needs.

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