Estimate the amount of usable equity you have
Calculate how much equity you have available in seconds
Your home equity can be a useful starting point when planning your next financial move. Whether you are thinking about renovating, investing, refinancing or consolidating debts, understanding how much equity you may have can help you explore what may be possible.
Use our equity calculator to estimate the difference between your property’s current value and the amount still owing on your home loan.
What is home equity?
Home equity is the portion of your property you effectively own. It is generally calculated by taking your estimated property value and subtracting your remaining loan balance.
For example, if your home is worth $900,000 and your loan balance is $500,000, your equity is approximately $400,000.
How could equity be used?
Depending on your circumstances and lender approval, equity may be used to help with:
- Buying an investment property
- Renovating or improving your home
- Refinancing your current loan
- Consolidating debts
- Accessing funds for major expenses
- Reviewing your overall loan structure
An equity calculator gives you an estimate only. The amount you may be able to access can depend on your property value, income, loan balance, lender policy and overall financial position.
Choose your next step
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Get in touch
Speak with Jess Pringle about your options
Pringle Finance Group can help you understand how much usable equity you may have and whether accessing it is suitable for your goals.
Jess Pringle works with clients to review their current loan, compare lending options and structure finance in a way that supports their next step.
Use the equity calculator as a starting point, then speak with Pringle Finance Group for personalised guidance.