How to Figure Your Borrowing Power How much can you afford to borrow on a home equity loan? It is really just a matter of estimating your current market value, calculating what portion the lender considers useable equity, and subtracting the current mortgage balance. Enter values for estimated market value and mortgage balance, and let the calculator do the figuring. |
This calculator is provided to give you an estimate of the
payment and terms of a loan program or product. It is intended as a tool to use
for estimating and is not guaranteed to provide the exact results that you may
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accurate rate as required by truth-in-lending regulations. Results obtained with
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