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Home equity loan calculator

Calculate your total home equity and how much you can borrow.

How much equity do you have in your home?

Find out how much you're eligible to borrow.

Get started

What is your home currently worth?

This is the appraised value of your home.

Enter in a dollar amount between $0 and $9,999,999

What is your current mortgage balance?

This includes your first mortgage, and if applicable, the balance of any additional mortgages.

Enter in a dollar amount between $0 and $9,999,999

Mortgage information

Current appraised value of your home
Enter a dollar amount
Total of all outstanding mortgage balances
Enter a dollar amount

WSECU has a maximum loan-to-value (LTV) of 90%.

Try another LTV
The percentage of your home's value that is available to borrow.
Enter in a percentage

Home equity breakdown

The maximum home equity loan that WSECU will grant is $500,000.

It appears you may not have any equity available. Another option is a personal line of credit.

When using the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only. The results of any loan calculator are not intended to be and should not be considered a decision of, or a commitment to, the loan type or amount for which you may qualify.

Discover your borrowing potential with our home equity loan calculator

Ready to explore your borrowing options? Try using our home equity loan calculator to estimate the amount you could borrow and find the right financial solution for your needs.

What is home equity and how is it calculated?

Home equity is the monetary value of how much of your home you own. It’s calculated by subtracting the amount you owe on your mortgage from the home’s market value. If your home is worth $500,000 and you owe $200,000, then you have $300,000 of equity in your home.

If you own your home outright and no longer make mortgage payments, your home equity is equal to your home’s value.

Calculating how much you can borrow based on LTV

LTV is a “loan-to-value" ratio. The easiest way to explain LTV is by example.

WSECU offers home equity loans up to 90% LTV. That means members are eligible to apply for loan amounts up to 90% of their home's value, minus their existing mortgage.

Let’s take the example above. If your home's market value is $500,000, then 90% of that would be $450,000. Subtract the $200,000 still owed on the existing mortgage and you can borrow up to $250,000 with a WSECU Home Equity Loan.

Using our home equity loan calculator, you can easily determine the potential loan amount you may be eligible for based on your home's value and current mortgage balance.

How to increase your home equity

  • Continue making mortgage payments. The less you owe, the more equity you have.
  • Make home improvements that increase the value of your home.
  • Wait for home values to increase. Prices fluctuate, but over longer periods of time, home values generally go up.

Add that backyard deck or remodel you've always wanted.

Home improvement. Debt consolidation. Large purchase. Finance it with a home equity loan.

Apply now


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