Equity is the difference between your current property value and your remaining mortgage balance. This home equity calculator estimates the amount of equity a lender would allow you to use as a deposit towards an investment or other property purchase. Using equity for a new loan usually requires a property valuation, so get in touch with us if you’d like help organising one.
As a rule of thumb, the standard amount of equity lenders allow as a deposit is 80% of the value of your existing property, minus the remainder of your home loan.
Calculate your usable equity
Like the numbers you’re seeing?
Not quite sure what to make of your results?These calculations are indications and everyone’s situation is different.
The best way to know for sure is to speak to an expert Nectar broker.
