Where do these numbers come from?
- Instant answersResults update as you type.
- Private by designRuns in your browser. Nothing is sent.
- Share, print or citeCopy a link with your numbers.
The formula
Borrowable equity = home value × max combined LTV − mortgage balance. Conventional cash-out refinances are generally capped at 80%; HELOCs and home equity loans often allow 85% and sometimes 90%.
Borrowable equity at 85% CLTV
| Home value | Owe $100k | Owe $200k | Owe $300k | Owe $400k |
|---|---|---|---|---|
| $300,000 | $155,000 | $55,000 | — | — |
| $400,000 | $240,000 | $140,000 | $40,000 | — |
| $500,000 | $325,000 | $225,000 | $125,000 | $25,000 |
| $600,000 | $410,000 | $310,000 | $210,000 | $110,000 |
| $800,000 | $580,000 | $480,000 | $380,000 | $280,000 |
Lenders also check credit score, income and debt-to-income ratio, and the appraisal sets the value used.
Example rates are for comparison only, not offers or current quotes. Your rate depends on credit, loan-to-value and lender.
Related
Frequently asked questions
How much equity can I take out of my home?
Typically up to 80%–85% of the value minus what you owe.
Can I borrow 100% of my home equity?
Rarely. VA cash-out refinances can go up to 100% LTV for eligible veterans, but most products stop at 80%–90%.