Use this home equity calculator to see exactly how much equity you have built, your current loan-to-value (LTV), and how much cash you can take out. On a Texas homestead, every loan on the home combined is capped at 80% of its value. Compare a cash-out refinance against a HELOC on a Texas home, then put that equity to work on renovations, debt consolidation, or your next big move.
On a Texas homestead, all loans on the home combined can reach at most 80% of its value. That limit applies to cash-out refinances, home equity loans and HELOCs.
A cash-out refinance replaces your current loan with a new, larger one. The difference comes back to you as cash. Model the new payment against your existing one in our refinance calculator. You'll have just one mortgage payment moving forward, but your rate and terms may change.
A home equity loan vs HELOC works differently: it is a second loan on top of your current mortgage. Your original loan stays exactly as it is, including your interest rate. Texas owners should also skim the Texas HELOC rules first.
You won't be able to borrow the full value of your home. On a Texas homestead you must leave at least 20% equity in place, because all loans combined are capped at 80% of the home's value.
Compliance Note: This calculator is meant to give you a general estimate based on the values you enter. Your actual home value would need to be confirmed through an official appraisal. Approval for equity-based loans depends on factors like credit score, debt-to-income ratio, verified property value, and current lending guidelines. This is not a loan approval or commitment to lend.
Refinance directly
Consolidate debts
Improve your home
Draw when needed
If you've built equity, you've got opportunities. The key is knowing how to use it the right way.
One loan, one payment
Use it as you need it
Read the Texas cash-out rules, compare a home equity loan, or run the numbers in our monthly payment calculator.
Tell us about your home and your goals, and a loan officer will walk you through your options.
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