Quick Home Equity Calculator
Estimated market value or recent appraisal
Remaining principal owed
Your Available Equity:
At 80% CLTV
$100,000
Conservative (most lenders)
At 85% CLTV
$125,000
Standard (best option)
At 90% CLTV
$150,000
Hometap (no payments)
Want a personalized calculation with NO monthly payments? Get your Hometap equity estimate →
The Home Equity Borrowing Formula
(Home Value × CLTV%) - Mortgage Balance = Available Equity
CLTV = Combined Loan-to-Value (typically 80–90%)
Real Example Breakdown:
- 1. Home value: $500,000
- 2. Current mortgage: $300,000
- 3. Total equity owned: $500K - $300K = $200,000
- 4. At 85% CLTV: ($500K × 85%) - $300K = $125,000 available
- 5. You keep $75K equity (15%) as cushion
Maximum CLTV Limits by Product (2026)
| Product Type | Max CLTV | $500K Home Example | Monthly Payments |
|---|---|---|---|
| Hometap Equity Investment | Up to 90% | $150,000 | $0 for 10 years |
| Credit Union HELOC | 85–90% | $125K–$150K | Interest-only |
| Home Equity Loan | 80–85% | $100K–$125K | Fixed P&I |
| HELOC (Bank) | 80–85% | $100K–$125K | Variable interest |
| Cash-Out Refi (Conv) | 80% | $100,000 | New mortgage |
| Cash-Out Refi (FHA) | 80.01% | $100,050 | New mortgage + MIP |
Assumes $500K home value, $300K existing mortgage. See which option saves you the most →
5 Factors That Affect How Much You Can Borrow
1. Credit Score (Biggest Impact)
- • 740+: Up to 90% CLTV, best rates (8.0–8.5%)
- • 680–739: Up to 85% CLTV, average rates (8.5–9.5%)
- • 620–679: Up to 80% CLTV, higher rates (9.5–11%)
- • Below 620: Hometap only (no credit score minimum, rates based on appreciation)
2. Debt-to-Income Ratio (DTI)
Lenders calculate: (All Monthly Debts + New Equity Payment) ÷ Gross Monthly Income
- • DTI below 43%: Qualify for maximum CLTV
- • DTI 43–50%: Reduced borrowing limit or higher rates
- • DTI above 50%: Hometap (no DTI requirement, $0 monthly payments)
3. Home Value & Appraisal
Lenders require a professional appraisal ($400–$600). If appraisal comes in lower than expected, your borrowing limit drops. Example: You think home is worth $500K, but appraisal = $475K. At 85% CLTV: $475K × 85% - $300K = $103,750 (not $125K).
4. Lender Type
- • Credit unions: Often allow 90% CLTV for members
- • Big banks: Typically max 80–85% CLTV
- • Online lenders: 80–85% CLTV, faster approval
- • Hometap: Up to 90% CLTV, no monthly payments, check eligibility →
5. Property Type
- • Single-family primary residence: Up to 90% CLTV
- • Condo: Up to 85% CLTV (warrantable), 75% (non-warrantable)
- • Multi-family (2–4 units): Up to 75% CLTV
- • Investment property: Up to 75% CLTV
- • Manufactured home: Up to 65% CLTV
Access Up to $600K with $0 Monthly Payments
Hometap lets you borrow up to 90% CLTV with NO monthly payments for up to 10 years. No impact on your DTI or credit score.
See If I Qualify (60 Seconds) →How Much Can You Borrow? (By Home Value)
| Home Value | Mortgage Balance | 80% CLTV | 85% CLTV | 90% CLTV (Hometap) |
|---|---|---|---|---|
| $300,000 | $200,000 | $40,000 | $55,000 | $70,000 |
| $400,000 | $250,000 | $70,000 | $90,000 | $110,000 |
| $500,000 | $300,000 | $100,000 | $125,000 | $150,000 |
| $600,000 | $350,000 | $130,000 | $160,000 | $190,000 |
| $750,000 | $400,000 | $200,000 | $237,500 | $275,000 |
| $1,000,000 | $500,000 | $300,000 | $350,000 | $400,000 |
Calculate Your Exact Borrowing Limit
Get a personalized home equity estimate in 60 seconds. No credit check, no commitment, $0 monthly payments option available.
Get My Free Equity Estimate →Up to $600K • 90% CLTV • No monthly payments
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$0 payments. Up to $600K. Worth it?
Emily Chen
Home Equity Expert • NMLS #345678
Emily specializes in home equity financing and has helped 800+ homeowners access their equity strategically. She updates this calculator monthly with the latest CLTV limits and lender requirements.