Seller Resource
Utah Home Equity Calculator
See how much equity you have today, and how it could grow as you pay down your mortgage and Utah home values move. Adjust the numbers to fit your situation.
Last updated: July 26, 2026
Projected in 5 years
Estimates only, not a valuation or a loan offer. Actual appreciation depends on Utah market conditions, your neighborhood, and your home's condition. The projection assumes you keep making payments at the rate shown. For a real number, get a broker-prepared home value and talk to a lender.
These payment figures are an estimate for budgeting and planning only. They are not a mortgage quote, a loan offer, or a commitment to lend. Your actual rate and payment depend on your credit, loan program, and current market rates. Talk to a licensed mortgage professional for real numbers. Connect with our preferred Utah lender.
What is home equity?
Home equity is the portion of your home’s value you actually own. It equals your current market value minus what you still owe on the mortgage. Equity grows two ways: you pay down principal with every payment, and the home appreciates over time. The calculator above shows both your equity today and a projection for the years ahead.
How Utah homeowners put equity to work
Equity is not just a number on paper. Utah homeowners commonly use it to:
- Refinance, either to a lower rate or to pull cash out (a cash-out refinance).
- Open a HELOC, a home equity line of credit, for renovations or major expenses.
- Fund a reverse mortgage, available to owners 62 and older.
- Move up or down, using the proceeds as the down payment on the next home when you sell.
Which option fits depends on your rate, your goals, and how long you plan to stay. A lender can tell you what you qualify for, and I can help you weigh selling versus borrowing against the equity.
How much equity do you need?
It depends on the lender and the loan. As a general guide, many refinances want to keep at least 20 percent equity in the home, a cash-out refinance usually requires more equity to remain after the pull, and HELOC limits are based on your combined loan-to-value and credit. These are not hard rules, so confirm the current requirements with a lender before you plan around a number.
Turning equity into your next move
If the goal is to use your equity to buy your next home, the cleanest first step is a real value on your current home. I prepare a broker home value from live Wasatch Front comparable sales, not an algorithm, so you know what you are actually working with. When speed matters, a guaranteed cash offer can turn equity into a firm number and a certain closing date. And before you sell, our Utah closing costs guide shows exactly how commissions, which are negotiable and typically run about 5 to 6 percent, plus title and closing fees of around 1 percent, affect what you net.
Utah Home Equity Calculator FAQ
Frequently asked questions
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How is home equity calculated?
Equity is your home's current market value minus everything you owe against it. If your home is worth $650,000 and your mortgage balance is $380,000, you have about $270,000 in equity. It grows two ways: as you pay down principal, and as your home appreciates.
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How accurate is this calculator?
It is a planning estimate, not a valuation or a loan offer. The projection assumes your home appreciates at the rate you enter and that you keep making payments at the rate shown. Real appreciation varies year to year and by neighborhood, and your true value comes from current comparable sales, so treat the output as a starting point.
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How can Utah homeowners use their equity?
Common options are a cash-out refinance, a home equity line of credit (HELOC) for renovations or major expenses, a reverse mortgage for owners 62 and older, or using the equity as the down payment on your next home when you sell. A lender can tell you which you qualify for.
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How much equity do I need to refinance or open a HELOC?
It varies by lender and loan type. Many refinances want to keep at least 20 percent equity, and a cash-out refinance often requires more equity to remain after the pull. HELOC limits depend on your combined loan-to-value and credit. Confirm the exact requirements with a lender.
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How do I find my home's current value?
An automated estimate is a rough starting point, but for a real number I prepare a broker home value from current Wasatch Front comparable sales. Request a free one and you can plug that value into the calculator above.
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