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Home Equity & Redraw Calculator

Calculate your available home equity, redraw funds, and potential equity release amount for renovations, investments, or other purposes.

Your Property
Current property value
$
Outstanding mortgage balance
$
Extra repayments made (redraw)
$
Amount you want to access
$
Interest rate on equity loan
%
Equity loan term
years
Equity Position
Usable Equity (to 80% LVR)
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ItemValue

Home Equity in Australia

Home equity = current property value − outstanding mortgage. Most Australian lenders allow you to access equity up to 80% LVR (without LMI). Some lenders allow 90% with LMI.

Ways to Access Equity

Redraw facility: Access extra repayments you've already made. Usually free and instant.
Equity loan / top-up: Increase your existing loan limit to access equity.
Line of credit: Revolving credit secured against your home equity.
Cash-out refinance: Refinance to a larger loan and receive the difference.