Home Equity & Maximum Refinance Calculator
You have $500,000 of equity at 50.0% loan-to-value. Up to $300,000 could be accessible at a 80% loan-to-value.
Illustrative equity available at 80% loan-to-value
$300,000
$1,000,000 × 80% = $800,000 of total borrowing, less the $500,000 already secured against the property.
- Your equity today
- $500,000
- Current loan-to-value
- 50.0%
- Loan-to-value after borrowing
- 80.0%
- Net proceeds after costs
- $300,000
50.0%
| Value change | Property value | Accessible equity |
|---|---|---|
| -10% | $900,000 | $220,000 |
| -5% | $950,000 | $260,000 |
| As entered | $1,000,000 | $300,000 |
| 5% | $1,050,000 | $340,000 |
| 10% | $1,100,000 | $380,000 |
The maximum loan-to-value shown is an illustrative assumption, not a lender commitment. Actual limits depend on the lender, the property, your income and your credit. Clover Mortgage Inc. is a licensed mortgage brokerage. This calculator provides estimates for information only and is not an offer of credit, an approval, or financial advice.
Every mortgage is different. A Clover Mortgage broker can confirm what you actually qualify for across more than 50 lenders — at no cost to you.
Equity you could access
$300,000
Common questions
- How much equity can I actually take out?
- Conventional refinancing is generally limited to 80% of your property's value, including everything already secured against it. Alternative and private lenders may go higher. The figure shown here is illustrative — the real limit depends on the lender, the property and your qualifications.
- What is loan-to-value?
- Your total secured debt divided by the property value. A $500,000 balance on a $1,000,000 home is a 50% loan-to-value.