Home Equity Calculator

Discover how much cash you have in your home and ways you can access it.

Building home equity is a gradual process.

Some things that affect equity are out of your control — like the housing market — but there are other things you can do to help your equity grow.

Regular payments

Simply making your payment each month will increase your equity over time as the loan balance decreases.

Extra payments

Additional payments toward your loan balance can increase your equity and decrease the length of your loan.

Home improvements

Home upgrades and energy-saving renovation projects can increase the value of your home, building equity.

Frequently Asked Questions

You can also get help from a Home Loan Expert.

1Home Equity Loan product requires full documentation of income and assets, credit score and max LTV/CLTV/HCLTV. Requirements were updated 10/4/2023 and are tiered as follows: 680 minimum FICO with a max LTV/CLTV/HCLTV of 80%, 700 minimum FICO with a max LTV/CLTV/HCLTV of 85%, and 740 minimum FICO with a max LTV/CLTV/HCLTV of 90%. Your debt-to-income ratio (DTI) must be 50% or below. Valid for loan amounts between $45,000.00 and $350,000.00 (minimum loan amount for properties located in Iowa is $61,000). Product is a second standalone lien and may not be used for piggyback transactions. Product not available on Schwab products. Guidelines may vary for self-employed individuals. Some mortgages may be considered “higher priced” based on the APOR spread test. Higher priced loans are not allowed on properties located in New York. Additional restrictions apply. Not available in Texas. This is not a commitment to lend.