Enter your property value and loan to see your equity, your loan-to-value ratio and the usable equity at different borrowing limits.
Work out the equity in your home and how much of it you could borrow against.
Equity is the part of your property you own: its value minus the loan against it. Usable equity is the part a lender may let you borrow against, commonly up to 80% of the property's value less your existing loan.
Enter your property value, your loan and the borrowing limit to see your equity, your current loan-to-value ratio (LVR) and your usable equity, with a table showing other limits from 60% to 95%.
Usable equity is the amount you could potentially borrow against your property while staying within a lender's borrowing limit. It is the maximum total loan at that limit, minus the loan you already have.
Many lenders charge lenders mortgage insurance when a loan is above 80% of the property's value, so 80% is a common practical limit. Policies differ between lenders.
Subtract the loan balance from the property's value. If a property is worth $1,000,000 and the loan is $500,000, the equity is $500,000.
No. Lenders also assess whether you can afford the repayments, and they may use a lower valuation than you expect.
Check if your equity and savings could cover the deposit and costs of another property.
See how your equity could build as the loan is paid down and the value changes.
Stamp duty for every state and territory, with first home buyer concessions and every step shown.
General information only, not financial advice. Check important figures with the relevant authority or a licensed adviser before you act.