Home Equity Calculator
Discover the wealth hidden in your walls. Calculate your total equity and estimate exactly how much you can borrow for renovations or debt consolidation.
Property Data
Equity Snapshot
Your Total Home Equity
$0
Est. Cash Available for a Loan
$0
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Ready to put your equity to work?
Tap Into Your Equity Now →Understanding Your Home's Equity
Your equity is the difference between the current market value of your property and the amount you owe on your mortgage. As home values in Phoenix and Scottsdale continue to rise, many Arizona homeowners are sitting on a significant source of wealth without realizing it.
Why calculate "Available" Equity?
Lenders rarely allow you to borrow 100% of your home's value. To keep the loan safe, they typically require a 10% to 15% safety buffer. That’s why we use the LTV (Loan-to-Value) limit in our calculator. If you have an 85% LTV limit, you can borrow up to 85% of your home's value, minus your current mortgage balance.
3 Ways to Use Your Equity in 2026:
- Cash-Out Refinance: Replace your entire mortgage with a new one for a higher amount and pocket the difference. This is ideal if today's interest rates are lower than your current rate.
- HELOC (Home Equity Line of Credit): Keep your low-rate first mortgage and add a flexible "credit card" style second mortgage on top. Only pay interest on what you actually spend.
- Home Improvement: Reinvest your equity back into the house by funding a kitchen remodel, pool, or guest casita, which further increases your property value.