How much home equity can you tap into?

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.

About your property


Your estimated home equity


You have XX.XX% of your home’s value in equity, so you may be able to borrow up to $XXX.³

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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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About our home equity calculator

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How to use the home equity calculator

  • Enter your property’s estimated value. If you’re not sure, check your most recent appraisal or look up your address online.
  • Enter your remaining mortgage balance amount. You can find this on your most recent mortgage statement.
  • Click or tap “Calculate”.
  • This calculator will show the estimated amount of home equity you may be able to borrow with a home equity line of credit (HELOC) or home equity loan (HELoan) through Prosper.

How home equity is calculated

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)

Home equity resources

See more home equity content

Frequently asked questions

When you apply for a HELOC or HELoan, your lender will generate its own appraisal of your property. That will provide the most accurate calculation of your current home equity value.

Keep in mind your APR for a HELoan will be fixed, while your APR for a HELOC can change over time.

If you still have questions, check out our Home Equity Help Center articles or reach out to one of our home equity customer support specialists any time at 800-954-2172.