Use this calculator to estimate the maximum credit line or loan amount you could borrow with a home equity line of credit (HELOC) or home equity loan (HELoan) through Prosper.
You have XX.XX% of your home’s value in equity, so you may be able to borrow up to $XXX.³Get my offer
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This calculator is a self-help tool for your independent use and is intended for illustration purposes only. Results aren’t guaranteed, and may not be relevant to your specific circumstance.
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Home equity is calculated by subtracting the amount of money still owed on a property from the property’s fair market value.
Here’s an example of how it could look: if your property is valued at $100,000 and your owe $40,000 on your mortgage, your current equity would be $60,000.
|$100,000 (estimated home value)|
|-||$40,000 (mortgage balance still owed)|
|=||$60,000 (current equity)|
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