Find out how much equity you may be able to cash out from your existing mortgage

Equity is the portion of your property’s value that you own outright. The amount of equity you have in your home is the difference between what's owed on a mortgage and its current market value. It can change depending on fluctuations within real estate markets.

Homeowners use their property's equity to purchase another property. This equity acts as a deposit in the purchase of the new property. The amount of equity will vary by lender and depends on how much you've paid back in the past.

Here’s a quick calculator for your guidance!

Calculate how much equity you could cash out

Property value must be greater than $50,000
Outstanding loan amount must be greater than $5,000

Accessible cash


You could potentially access more, however Lenders Mortgage Insurance may apply.

More information

Your new loan amount would be:


Other calculators:

Take the next step now you've evaluated the numbers.

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