Home Equity Utilization Budget Planner

Currency Symbol:

Current Estimated Home Value:

Outstanding Mortgage Balance(s) Total:

Total Home Equity:

Current Loan-to-Value (LTV) Ratio:

Please calculate your home equity on Tab 1 first.

Desired Max. LTV Ratio After Utilization (%): Lenders often cap this (e.g., 80-85%).

Amount of Equity to Utilize/Borrow:

Max. Additional Amount Borrowable (at % LTV):

Warning: Amount to utilize exceeds max borrowable at this LTV.

New Combined Loan Amount (Potential):

New LTV Ratio (Potential):

Assumed Annual Interest Rate (%):

Loan Term (Years):

Estimated Upfront Fees (Optional):

Describe how you plan to use this equity:

Additional Estimated Monthly Payment (for utilized portion):

Total Interest Paid (for utilized portion):

Total Cost of Utilization (Utilized Amount + Interest + Fees):

Complete previous tabs to see the summary.

Current Home Value:

Original Mortgage Balance:

Calculated Home Equity:

Initial LTV Ratio:

Amount of Equity Utilized:

New Combined Loan Amount:

New LTV Ratio After Utilization:

Purpose of Utilization:

Additional Estimated Monthly Payment:

Loan Term for Utilized Portion:

Interest Rate for Utilized Portion:

Total Interest Paid (on utilized portion):

Upfront Fees (if any):

Total Cost of This Utilization:

Remember to factor the 'Additional Estimated Monthly Payment' into your household budget.