See what your equity could make possible.
Estimate available cash using your property value, existing liens and a financing-limit assumption. No contact information is needed for the calculation.
Estimate the equity available to borrow
Adjust the assumptions. Your lender determines the actual value and program limit.
Formula: home value × selected percentage − existing liens − entered costs. For a HELOC, this is an illustrative additional borrowing amount, not the size of the first mortgage. Required draws, credit-line commitments, financed fees and program caps can change actual proceeds.
Potential available cash
- Total financing ceiling
- $400,000
- Existing liens
- $300,000
- Entered costs
- $5,000
What this calculation means
The calculator subtracts your existing liens and entered costs from an illustrative total financing ceiling. It shows a possible cash amount under those assumptions; it does not determine underwriting eligibility, the lender’s property value or the terms of a particular loan.
For a cash-out refinance, the new first mortgage pays off the liens that must be satisfied at closing. For a second lien, the existing first mortgage can remain, but it still counts in the combined debt calculation. HELOC credit-line commitments, required initial draws, financed fees and product caps may change the actual available cash.
A clear example
A $500,000 home at an illustrative 80% limit gives a $400,000 total financing ceiling. Subtract a $300,000 existing payoff and $5,000 of entered costs to get $95,000. The 80% input is only an example, and the entered cost is not a lender quote.
Your inputs stay in this page’s browser session. They are not automatically submitted to the quote form or included in this site’s analytics events.
Read the full calculation guideNow get terms for your actual scenario.
The next step is a quote, with the property and program information needed to evaluate your cash-out goal.
- Your existing company quote experience
- HELOC, refinance and second-mortgage comparisons
- Guidance from a licensed loan originator
Prefer to talk? Call (844) 914-1404.
Find your cash-out options
Complete The Mortgage Calculator’s form. No SSN to view initial quotes.