How to Calculate Your Home Equity—and How Much You Can Tap
Calculating home equity is relatively simple math, and if you have accurate figures on hand, all you have to do is plug them into a home equity calculator.
Here’s how to calculate the equity in your home and how much of it you can tap. And to what extent you can, and can’t, control the worth of your ownership stake. Andrew Angelov/Shutterstock
Your home equity—the amount of your house that you own outright—can be a valuable resource. You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business or almost anything else.
