Equity Calculator
Use this calculator to see if you have available equity in your current properties to purchase further houses
Your Current Properties
Property 1
Target Purchase
Total Property Value
$800,000
Total Mortgages
$400,000
Current LVR
50.0%
Usable Equity (at 80% LVR)
$240,000
Deposit Required
$130,000
Available for Purchase
$110,000
How Usable Equity Works
Usable equity is calculated as 80% of your property value minus your current mortgage. Most banks will lend up to 80% of your property value. The difference between this and what you currently owe can be used as a deposit for another property.
Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Actual loan terms, rates, and eligibility may vary. Please contact a Mortgage Lab adviser for personalised advice.
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