Welcome Guest | Join for Free  or  Login

Calculating home equity in my mortgage

View More Real Estate QuestionsPosted 3/23/10 at 2:41pm
Is there an easy way to calculate how much equity I have built up in my house?
Do you have an answer to this question?

This question was posted over a month ago, so new answers cannot be added. If you don't see the answer you're looking for here, try creating a new question for your specific issue.

User Contributed Answers (1)

While the equity in your home is not entirely consistent, calculating the numbers is actually quite simple.

All you have to do is take the market value of your home and subtract any liens or outstanding mortgage payments. Thus, if you have a $200,000 and still have to pay $50,000 on your mortgage, the equity of your home is $150,000.

There are other factors and extenuating circumstances, but that is the easy and simple process for calculation.
Posted 4/3/10 at 1:41pmWas this answer helpful?   Yes / No
Disclaimer: Rate Rush allows any member of the community to submit answers and try to help, and as such, answers might not always be correct. Please consult a certified professional before making any major financial decision. The information and advice posted here does not necessarily represent the opinions of RateRush.com. We are not liable for any financial loss incurred from following this advice.

Get notified of new answers!

Let us know your email address and we'll send you a quick notice when a new answer is posted!
Browse Questions By Category
Banking (34)
Business Finance (56)
Credit Cards (13)
Debt Management (12)
Insurance (10)
Loans (11)
Other (95)
Real Estate (23)
Retirement (15)
Stock Market (15)
Taxes (13)