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Home Equity Loans and Mortgages
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following table to help you estimate the equity in your
home. |
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Current Credit Union
Rates
Calculate Your Home Equity
Home Equity Payment Comparison |
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Sample |
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Your House |
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Appraised Value |
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$200,000 |
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$_________ |
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Multiply by 90% |
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X .90 |
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X .90 |
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Equals |
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$180,000 |
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$_________ |
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Less Mortgage Balance |
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$100,000 |
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$_________ |
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Equals Your Equity |
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$ 80,000 |
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$_________ |
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