Reveal your home's true equity secrets now

How to Calculate Your Home's Equity

Calculating your home's equity is straightforward. Begin by determining your home's current market value, which can be done through a professional appraisal or by comparing recent sales of similar properties in your area. Subtract your remaining mortgage balance from this value to find your equity. For instance, if your home is valued at $400,000 and you owe $250,000 on your mortgage, your equity would be $150,000. Understanding this figure is the first step in making informed decisions about your financial future.