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 maximum amount of equity lenders allow as a deposit is 90% of the value of your existing property, minus the remainder of your home loan.
Calculate your usable equity