How Much Equity Do You Have In Your Home?

home equity calculator

If you’re looking to take advantage of the equity you’ve built in your home, look no further than a Home Equity Line of Credit (HELOC).

Home equity is built by paying down your mortgage and by the market value of your home. The equity you’ve built in your home can be leveraged to finance major expenses from home renovations, weddings, unexpected costs, and much more. When you use the equity in your home to secure a HELOC, you’re maximizing cash flow and have the ability to only borrow what you need and when you need it.

To meet the criteria for a HELOC, you typically need to have at least 20 percent equity in your home at the time of application. To estimate how much equity you currently have, use our calculator below.
If you find you have less than 20 percent equity in your home, a HELOC might not be the right solution for you at this time. If you’re interested in an alternative financing option, check out our personal loans and lines of credit or credit cards.

Visit a location near you to speak to a banker and get started today.

  • This calculator is an illustrative tool meant for educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product offered by SouthState Bank, N.A. (the “Bank”). The calculations do not infer that the Bank assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
  • This content is general in nature and provided for informational use only. Content may be used in connection with the advertising and marketing of products and services offered by SouthState Bank, N.A. and its subsidiaries and affiliates. This is not to be considered legal, tax, accounting, financial or investment advice. You should seek individualized advice from personal financial, legal, tax and/or other professionals, as appropriate depending on the specific facts of your situation. We do not make any warranties as to the completeness or accuracy of this information and have no liability for your use of this information.

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