How much home equity do you have?

Many homeowners decide to take the equity they have in their home and put it to work for them—often borrowing against it for college tuition or home improvements. If you're thinking of tapping into your home equity, it's a good idea to know what you have to work with. Use the Home Equity Calculator to estimate your current and future home equity so that you can make smarter choices for how to use it in the future.

Results

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	Home	Loan	Home Equity
Year	Value	Balance	Before Taxes
1	$427,450	$367,751	$59,699
2	$440,274	$360,035	$80,239
3	$453,482	$351,823	$101,659
4	$467,086	$343,083	$124,003
5	$481,099	$333,780	$147,318
6	$495,532	$323,880	$171,652
7	$510,398	$313,342	$197,055
8	$525,710	$302,127	$223,583
9	$541,481	$290,190	$251,291
10	$557,725	$277,486	$280,240

Results are computed using a standard future-value calculation and your investments' nominal rate of return, rather than annual percentage yield (APY). Banks are required to advertise APY, which allows direct comparisons between accounts using different compounding schedules. This calculator assumes monthly compounding. Taxes are accrued monthly and paid at the end of each year.