Equity Cashout Calculator
What is home equity?
Your home equity can open up options for your next financial move. Whether you are thinking about renovating, investing, refinancing or consolidating debts, understanding how much equity you may have is a useful place to start.
Use our equity calculator to estimate the difference between your property’s current value and the amount still owing on your home loan.
How is equity calculated?
Home equity is the portion of your property you effectively own. It is generally calculated by subtracting your remaining loan balance from your estimated property value.
For example, if your home is worth $900,000 and your loan balance is $500,000, your equity is approximately $400,000.
What is usable equity?
Usable equity is the amount of equity a lender may allow you to access, subject to their lending criteria and your ability to repay the loan.
You may not be able to use all of your equity. Lenders will usually consider factors such as your property value, loan balance, income, expenses, credit history and overall borrowing position before approving additional lending.
How could equity be used?
Depending on your circumstances and lender approval, equity may be used to help with:
Buying an investment property
Renovating or improving your home
Refinancing your current loan
Consolidating debts
Funding major personal expenses
Reviewing your overall loan structure
Planning your next property purchase
An equity calculator gives you an estimate only. The amount you may be able to access can depend on your property value, income, loan balance, lender policy and broader financial position.
Equity guidance in Sydney, Brisbane and across Australia
The Loans Suite Australia helps clients in Sydney, Brisbane and across Australia understand their home loan and equity options.
Whether you are reviewing your current mortgage, planning renovations, buying an investment property or considering your next financial move, we can help you look at the bigger picture before applying.
Our team can compare loan options from a wide panel of lenders and explain how accessing equity may affect your repayments, loan structure and long-term plans.
Speak with The Loans Suite Australia about your options
With access to a wide range of lenders and loan options, The Loans Suite Australia can help you understand how much usable equity you may have and what you could do with it.
Whether you are renovating, investing, refinancing or planning your next move, we’ll help you explore your options and make your equity work harder.
Use the equity calculator as a starting point, then speak with The Loans Suite Australia for personalised lending guidance.
Frequently asked questions
What is home equity?
Home equity is the difference between your property’s estimated value and the amount owing on your home loan.
How do I calculate equity?
You can estimate equity by subtracting your current loan balance from your property’s estimated market value.
Can I use equity to buy another property?
You may be able to use usable equity from your current property to help fund the deposit or purchase costs for another property, subject to lender approval.
Can I use equity for renovations?
Yes, some borrowers use equity to fund renovations or home improvements. The amount available will depend on your property value, loan balance, income and lender criteria.
Does an equity calculator confirm how much I can borrow?
No. An equity calculator provides an estimate only. Your borrowing position will depend on your income, expenses, debts, credit profile, property value and lender requirements.
Can The Loans Suite Australia help me review my equity?
Yes. The Loans Suite Australia can help you estimate your usable equity, compare lending options and understand whether accessing equity may suit your goals.
