{"id":98630,"date":"2025-03-04T12:33:15","date_gmt":"2025-03-04T20:33:15","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=98630"},"modified":"2025-03-04T12:33:15","modified_gmt":"2025-03-04T20:33:15","slug":"how-to-calculate-home-equity","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/how-to-calculate-home-equity\/","title":{"rendered":"How Much Equity Do I Have in My Home? Here\u2019s How to Calculate Home Equity"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">One of the <\/span><a href=\"https:\/\/www.redfin.com\/guides\/benefits-of-homeownership\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">benefits of homeownership<\/span><\/a><span style=\"font-weight: 400;\"> is building equity &#8211; the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this Redfin article, we\u2019ll outline all the calculations you need to know, how you can tap into your home equity, and what to know if you\u2019re selling your home. Whether you own a <\/span><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home in Sacramento, CA<\/span><\/a><span style=\"font-weight: 400;\">, or a <\/span><a href=\"https:\/\/www.redfin.com\/city\/1073\/MD\/Baltimore\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">condo in Baltimore, MD<\/span><\/a><span style=\"font-weight: 400;\">, here\u2019s how to calculate home equity.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Key takeaways<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Home equity is how much of the home you actually own.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can tap into your home equity with a home equity loan or a home equity line of credit (HELOC).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can calculate your home equity using the following formula: <\/span><b>current home value &#8211; current mortgage balance<\/b><\/li>\n<\/ul>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-84750\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9.jpg\" alt=\"A backyard patio\" width=\"1200\" height=\"799\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-1024x682.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-768x511.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-946x630.jpg 946w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/06\/Ravensdale-WA-28570-318th-Dr-SE-9-451x300.jpg 451w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">What is home equity?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Home equity is the amount of your home that you actually own. Essentially, this is the amount of home that you\u2019ve paid off toward your mortgage.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How is home equity calculated?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Home equity is calculated by subtracting the amount you still owe on your mortgage from the current market value of your home. However, there is some information you\u2019ll need to access first. Here are the steps:<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 1: Find your home\u2019s current market value<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The first step in determining your home equity is to find out your home\u2019s current value. The price you paid for your home may not be the current value of your home. To calculate your home equity, you\u2019ll need the most up-to-date estimate of your home\u2019s worth. For example, you can use a calculator to determine <\/span><a href=\"https:\/\/www.redfin.com\/what-is-my-home-worth\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">how much your home is worth<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can find that information by typing your home address into the search box on Redfin.com, and then viewing the page with all the details on your home. An estimated value of your home, the<\/span> <span style=\"font-weight: 400;\">Redfin Estimate, is displayed next to the last-sold price. You can also contact a <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">real estate agent<\/span><\/a><span style=\"font-weight: 400;\"> to discuss what your home is worth.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 2: Find your mortgage balance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Once you have the current market value of your home, you\u2019ll need to find your current mortgage balance. This should be on your most recent mortgage statement. If your lender has an online portal where you pay your mortgage, you should be able to find it there.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 3: Subtract the two to determine your home equity<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Once you have your home\u2019s current value and your mortgage balance, you\u2019ll need to subtract the two to determine your home equity. For this example, let\u2019s say your home is worth $500,000 and you have $300,000 left on your mortgage. You\u2019ll subtract $300,000 from $500,000 to determine your home equity:<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$500,000 &#8211; $300,000 = $200,000<\/span><\/p>\n<p><b>In this example, your home equity is $200,000.\u00a0<\/b><\/p>\n<h2><span style=\"font-weight: 400;\">Step 4: Calculate how much you can borrow<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The next step after you\u2019ve determined your home equity is to calculate how much you can borrow from it. While you can\u2019t borrow the total amount, most lenders allow you to borrow up to 80% of your home\u2019s value. Using the same example, your home\u2019s value is $500,000. You\u2019ll need to multiply this by 0.8 and subtract what you owe on the mortgage to see how much you can borrow.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$500,000 x 0.8 = $400,000<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$400,000 &#8211; $300,000 = $100,000<\/span><\/p>\n<p><b>In this case, you may borrow up to $100,000 in home equity.\u00a0<\/b><\/p>\n<h2><span style=\"font-weight: 400;\">Step 5: Calculate your loan-to-value ratio (LTV)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A key calculation in understanding your home equity is the loan-to-value ratio (LTV). LTV is the ratio of your current mortgage loan to the home\u2019s appraised value. The number is a percentage, calculated by dividing the amount you currently owe on your mortgage by the appraised value and multiplying it by 100. Lenders use this number to determine the risk of giving you a loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using our original example, your home is worth $500,000 and you have $300,000 left on your mortgage.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$300,000 \/ $500,000 = 0.6 x 100 = 60%\u00a0<\/span><\/p>\n<p><b>In this example, your LTV would be 60%.<\/b><span style=\"font-weight: 400;\"> Your LTV will change over time as you make more mortgage payments toward the home.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Step 6: Calculate your combined loan-to-value ratio (CLTV)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The final calculation you need to know if you\u2019re interested in your home equity and want to borrow against it is the combined loan-to-value ratio (CLTV). The CLTV is a comparison between your home\u2019s value against your current loan amount and any loans you\u2019re seeking.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using the same example as above, your home is worth $500,000, you have $300,000 left on your mortgage, and you want to get a $60,000 home equity line of credit.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$300,000 + $60,000 = $360,000<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">$360,000 \/ $500,000 = 0.72 x 100 = 72%<\/span><\/p>\n<p><b>After calculating, the CLTV would be 72%. <\/b><span style=\"font-weight: 400;\">Most lenders want to see a CTLV below 85% in order to approve the line of credit.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-85504\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917.jpg\" alt=\"Exterior Of Wooden Tiny House With Garage\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/07\/GettyImages-1457320917-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">How to access your home equity<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you want to tap into your home equity, there are a few ways you can do so. You can do so through home equity loans, a home equity line of credit (HELOC), and a cash-out refinance.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Home equity loans<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.redfin.com\/guides\/home-equity-loan\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home equity loan<\/span><\/a><span style=\"font-weight: 400;\"> is a lump sum of money that you repay over time, typically 5 to 15 years. These loans are usually at a fixed interest rate and you\u2019ll owe interest on the entire amount. Your payments will vary depending on how much you take out. A home equity loan can be a good idea if you have a specific amount of money that you need.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Home equity line of credit (HELOC)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Commonly called HELOC, a home equity line of credit, allows you to withdraw funds on an as-needed basis for a designated period of time (known as a draw period). Draw periods typically last between 5 to 25 years, with the repayment period beginning as soon as it ends. This means you only repay what you borrow, including interest on that amount.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">HELOCs give you the benefit of a flexible schedule, but interest rates vary from month to month and funds can be frozen without warning if your home value drops. This loan is best if you need various loan amounts for multiple projects or you don\u2019t know exactly how much you need to borrow.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Cash-out refinance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A cash-out refinance is a bit different as you replace your current mortgage with a new, larger mortgage loan. You\u2019ll receive a lump sum of the difference between the two loans. Interest rates on a cash-out refinance are typically lower than a home equity loan or HELOC. However, if your current mortgage has a lower interest rate and your new mortgage\u2019s interest rate is much higher, you could pay more over time.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Common reasons to tap into your home equity<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several common reasons why people may tap into their home equity, whether through a loan or HELOC. These are some of the reasons:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay for home renovations to improve your home\u2019s value<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the funds to invest in other investments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay for college or higher education, particularly if the interest rates are lower than student loans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pay off other debts, like car payments, credit card debt, or student loans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Build an emergency fund<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">How much equity do I need to sell my home?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019re considering selling your home, it\u2019s also a good idea to know how much equity you have. Ideally, you would have enough equity to cover commissions, any liens, and closing costs. If you don\u2019t have enough equity to pay these costs, you\u2019ll have to bring your own funds to pay them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have negative equity in your home due to missed payments, you may face foreclosure. Foreclosure can damage your credit score, so you may want to consider a short sale if this is the case. However, your lender will need to agree to a <\/span><a href=\"https:\/\/www.redfin.com\/blog\/how-to-buy-a-short-sale-home\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">short sale<\/span><\/a><span style=\"font-weight: 400;\"> so it\u2019s best to speak with them as soon as you can.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What happens to your home equity when you sell?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you <\/span><a href=\"https:\/\/www.redfin.com\/why-sell\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">sell your home<\/span><\/a><span style=\"font-weight: 400;\">, any equity you have will be given to you in cash. Any proceeds from your home sale will need to cover the following expenses first:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mortgage and any additional liens<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transaction fees like commission, property and transfer taxes, and HOA fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Any fees you agreed to pay as part of the seller concessions<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Once these expenses are paid, you\u2019ll receive the remaining profits which you can use toward anything else.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-83118\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4.jpg\" alt=\"large fenced backyard with putting green and covered patio\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/04\/223-Escarpment-Way-4-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">FAQs about home equity<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Can you have negative equity?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you can have negative equity. With standard loans, your home equity will increase over time. With negative-amortizing loans \u2014 a loan with monthly payments less than the interest rates \u2014 your equity decreases over time as your owed balance increases. Home equity also fluctuates depending on current market conditions, such as if your home\u2019s value decreases.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Can you increase your home equity?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, you can take steps to improve your home equity by performing touch ups and making modern updates. There are plenty of <\/span><a href=\"https:\/\/www.redfin.com\/guides\/how-to-increase-your-home-appraisal-value-now\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">ways to increase your home value<\/span><\/a><span style=\"font-weight: 400;\">, whether you\u2019re looking for an extensive project or minor upgrades.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How soon after buying a home can I access home equity?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">On average, lenders expect you to have at least 20% equity in your home before applying for a home equity loan or HELOC. Your ability to access your home equity will depend on your down payment amount, home values in your area, and any upgrades you make to your home.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Do home prices affect your home equity?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, home prices can affect your home equity in both good and bad ways. For example, if home values are increasing in your area or you\u2019ve made valuable improvements in your home, then your home value can increase. If your home value increases, then it increases the home equity you have.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the flip side, if home values in your area decrease, your home equity can also decline. Reasons for home values decreasing include market conditions, increased or poorly managed construction, increased number of foreclosures, and natural disasters, among others. Some home improvement projects or overspending on projects may also decrease your home value &#8211; especially if they\u2019re not valuable projects.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What happens if I have PMI?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you have a conventional mortgage and paid a down payment below 20% then you\u2019re likely paying <\/span><a href=\"https:\/\/www.redfin.com\/blog\/what-is-pmi-insurance\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">PMI<\/span><\/a><span style=\"font-weight: 400;\">. If you\u2019ve reached the point where you no longer pay PMI, usually at 20% equity, it won\u2019t affect your ability to get a home equity loan or HELOC. Usually, lenders will automatically cancel PMI when your LTV hits 78% or you can request a cancellation at 80%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re still paying PMI, then it can impact your ability to pay it off. It will increase your LTV and many lenders will expect you to pay PMI until your LTV hits 78%. Having PMI can also reduce the amount you\u2019re able to borrow in a loan since your debt load is higher. Speaking with your lender can help you understand your options.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What happens if I have a reverse mortgage?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.redfin.com\/blog\/what-is-a-reverse-mortgage\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">reverse mortgage<\/span><\/a><span style=\"font-weight: 400;\"> is a type of home loan that allows you to receive your home\u2019s equity in the form of a payment each month. You can usually get a reverse mortgage once you\u2019ve paid off &#8211; or are close to paying off &#8211; your mortgage, but you need to be 62 years of age. As a result, you\u2019re able to tap into your home equity without a HELOC or home equity loan.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn how much equity you have in your home. Find out how to calculate home equity and whether a home equity loan or HELOC is right for you.<\/p>\n","protected":false},"author":537,"featured_media":84750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[34277],"tags":[34630],"coauthors":[33440],"class_list":["post-98630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-homeownership-costs-and-benefits"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Calculate How Much Home Equity You Have | Redfin<\/title>\n<meta name=\"description\" content=\"Learn how much equity you have in your home. Find out how to calculate home equity and whether a home equity loan or HELOC is right for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/blog\/how-to-calculate-home-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Much Equity Do I Have in My Home? Here\u2019s How to Calculate Home Equity\" \/>\n<meta property=\"og:description\" content=\"Learn how much equity you have in your home. 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