Property equity & private mortgages
Home equity and net proceeds calculator
Estimate potential additional borrowing capacity, then see how rate, fees and term may affect the cash received and total cost.
01
Property and existing debt
Use a realistic property value and all balances secured against it.
02
Illustrative private mortgage costs
Enter a scenario to see net proceeds and total term cost.
Estimated net funds
$190,500
After entered fees and costs
Potential additional capacity$280,000
Gross new advance$200,000
Entered fees and costs$9,500
Interest-only payment$1,998/mo
Total cost over 12 months$33,480
Combined LTV after advance68.3%
Principal due at maturity$200,000
This interest-only illustration does not reduce principal. A feasible exit plan is essential.
Illustration only. No rate, LTV, fee, approval or net advance is guaranteed. Actual costs and mortgage terms require a specific lender commitment and written disclosure.
Read the result carefully
Gross mortgage is not the cash you receive.
- Private lenders set their own loan-to-value, location, property, mortgage-position and borrower criteria.
- Legal, appraisal, lender, brokerage, discharge, tax-arrears and interest-reserve amounts can change net proceeds.
- Using a home to secure debt can put the property at risk. A private mortgage should include a documented and feasible exit plan.