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Maximum Equity Refinance Calculator

Mortgage refinance Equity calculator

    1
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    Determining available equity

    (
    $300,000 current home value
    x
    80% maximum loan to value ratio
    ) -
    $100,000 current mortgage
    =
    $150,000 available equity
    Calculate your new mortgage payment

To understand the math behind determining your available equity please consider the following example:

$350,000
Home Value
$100,000
Current Mortgage