My situation
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- Where
- Home price$
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Your home equity: what you owe and what you could take out
Refinance against your home's equity to take out cash or roll high-interest credit cards and loans into your mortgage.
Don't know your balance? Estimate from your original mortgage
- Estimated balance now$432,907
- Principal paid so far$87,093
- Interest paid so far$64,151
Your home equity (value − balance)
$500,000
About 56% of the home's value
Maximum cash available
$320,000
- Maximum refinance (80% of value)$720,000
- Portion available as a HELOCHELOC up to 65% of value$185,000
Estimate: refinance up to 80% of value, HELOC up to 65%. Actual amounts depend on appraisal and approval.