Home Equity Loan Worksheet 1. Calculate Your Home Equity ...

[Pages:1]Home Equity Loan Worksheet

1. Calculate Your Home Equity

$

Estimated Market Value

? $

= $

Remaining Mortgage Debt

Home Equity Step 2, 3

2. Estimate Your Potential Loan

$ Home Equity

.80

Multiply your home equity by 80%, or 0.80

= $ Potential Loan

3. Estimate Your Loan Ceiling

$ Home Equity

.85

Multiply your home equity by 85%, or 0.85

= $ Potential Loan Ceiling

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