Quickly determine how much equity you have in your home. Compare your home's current estimated value against your total outstanding mortgage debt.
Home equity is the difference between the current market value of your home and the total outstanding mortgage balances against it. The loan-to-value (LTV) ratio expresses the debt as a percentage of the home's value. Equity increases as you pay down principal and as the home appreciates.
Estimate your monthly mortgage payment and total interest cost.
Decide if refinancing your mortgage will save you money.
Determine whether renting or buying is the better financial choice for you.
Find the maximum home price within your budget.
Get an estimate of your total mortgage closing costs.
Estimate PMI costs and find out when you can drop it.
