Calculate your home equity, LTV ratio, and how much you can borrow with a HELOC or home equity loan.
Most lenders: 80–85%
37.8% of home value
At 80% combined LTV
| Home Market Value | $450,000 |
| Mortgage Balance | $280,000 |
| Home Equity | $170,000 |
| Equity Percentage | 37.8% |
| Loan-to-Value (LTV) | 62.2% |
| Max Combined LTV (80%) | $360,000 |
| Max HELOC / 2nd Mortgage | $80,000 |
| PMI Status | ✅ No PMI required |
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Home Equity = Home Value − Mortgage Balance
LTV = Mortgage Balance ÷ Home Value × 100
Max HELOC = (Home Value × Max LTV%) − Mortgage Balance
Home equity = Current market value − Outstanding mortgage balance(s). If your home is worth $400,000 and you owe $250,000, you have $150,000 in equity (37.5%).
Most lenders allow combined LTV of 80–85%. With $400K home value and $200K mortgage (50% LTV), you could borrow up to $120K–$140K. Your credit score and income also factor in.
A HELOC is a revolving line of credit (like a credit card) with variable rates. A home equity loan is a fixed lump sum with fixed rates. HELOCs have draw periods (5–10 years) followed by repayment periods.
Yes. Your equity starts with your down payment and grows as you pay down the mortgage and/or the home appreciates in value.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.