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If your home is worth $400,000, how much equity you can tap depends mostly on how much you still owe. The table below assumes a common 85% combined loan-to-value cap — the most total debt many lenders allow — and shows the borrowing room at different mortgage balances.
| Mortgage balance | Equity you hold | Est. you could borrow (85% CLTV) |
|---|---|---|
| $160,000 (40% of value) | $240,000 | $180,000 |
| $200,000 (50% of value) | $200,000 | $140,000 |
| $240,000 (60% of value) | $160,000 | $100,000 |
| $280,000 (70% of value) | $120,000 | $60,000 |
For example, on a $400,000 home with a mortgage at 60% of value, you'd hold $160,000 of equity and could borrow roughly $100,000 with a HELOC or home equity loan — before credit, income and lender rules are applied.
Get your exact number
Plug your real balance and your lender's LTV cap into the home equity calculator for a precise estimate, or check your loan-to-value ratio.
Related
Illustrative estimate at an assumed 85% CLTV. Your real limit depends on your lender, credit, income and an appraisal.