Use our mortgage equity calculator to work out the equity in our home and then check if you can get a cheaper mortgage or release money from your home.

How to use our mortgage equity calculator

  • Enter how much your property is worth. If you're not sure, get a free valuation from Zoopla or an estate agent like Yopa.

  • Enter how much is left on your mortgage balance. You can check your balance by asking your lender, checking your last statement or by signing in to your account on your lender's website.

  • Enter how much you owe on secured loans, if you have taken any out.

  • Click "Calculate", and we'll show you how much equity is in your home.

You can get help working out your mortgage balance and how much your house is worth here.

What does the equity in your home mean?

Equity is the value of how much of your house you own. For example, if your mortgage balance is 150,000 and your house is worth 200,000, you have 50,000 equity in the property.

If you sold your house for 200,000, you would use 150,000 of this to pay off your mortgage, and you could keep the remaining 50,000 or use it towards buying a new property.

Your equity is made up of the deposit you paid towards the house purchase and any of your mortgage you have paid off. It should keep going up until your mortgage is paid off; you then have 100% equity in your home.

How to work out how much you can borrow

The easiest way to see how much lenders are likely to let you borrow is by using our calculator.

If you need a more precise figure, you can ask individual lenders or talk to a broker to see what you could borrow.

How to find a better mortgage deal

Once you have used our equity calculator, you can use to:

  • Find a cheaper mortgage for your current property

  • Release equity from your home

  • Get a mortgage for you new home if you move house

To find the best mortgage, you need to work out the loan to value (LTV) you'll need. This is the percentage of the property's value your mortgage covers.

For example, if you have 50,000 equity in a 200,000 property, your mortgage would be for 150,000, (75% of its value). You would need to look for a 75% LTV mortgage.

If you need help finding the right deal talk to a mortgage broker


When you remortgage, you get a new mortgage on your current home without moving. If you can find a cheaper deal, you could save money.

Once you have used the above remortgage calculator to work out your equity and LTV, you can compare remortgages and apply for a new one.

Equity release

If you used our calculator to work out how much equity you can release from your house, you can compare equity release mortgages here.

You can also try our equity release calculator provided by our broker Responsible Equity Release.

You can use them to borrow a lump sum from the equity you own in your property, but they can be expensive. Here is how equity release mortgages work.

Home mover

You can use the equity in your home plus your savings as the deposit when you buy a new house.

For example, if you have 50,000 equity in your current home and want to buy a new house for 200,000, you would have a 25% deposit.

This means you can look for 75% LTV mortgages, which are usually cheaper than mortgages with a higher LTV.

Compare moving home mortgages

Last updated: 15 September, 2020