How Much Equity Do I Have in My Home? Use These Calculators to Find Out Instantly
If you’re a homeowner or real estate investor, understanding how much equity you have in your property is crucial. Whether you’re planning to refinance, sell, or use your home equity to fund another project, knowing your home’s true value can help you make smarter financial moves. In this post, we’ll break down how home equity works , how to calculate it using tools like the How Much Equity Do I Have in My Home Calculator , Equity Percentage Calculator , and Real Estate Equity Calculator , and why these tools are valuable for property owners and investors alike. What Is Home Equity? Home equity is the portion of your property that you truly own — the difference between your home’s current market value and what you still owe on your mortgage. Formula: Home Equity = Current Home Value – Mortgage Balance For example, if your home is worth $400,000 and your mortgage balance is $250,000 , your equity is $150,000 . This equity can increase as you pay down your loan or as your home’s value a...