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 future value of a savings program. It is not guaranteed to provide the exact results that you may see with a particular savings or deposit account or plan, nor is it guaranteed to provide an accurate yield as required by truth-in-savings regulations. Results obtained with this calculator should be discussed with a qualified professional before any product purchases or investments are made.
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