Free Home Equity Calculator for New Zealanders
Total equity is what you'd take home if you sold today. Usable equity is the slice the bank will lend against, typically 80% of value minus what you already owe.
Your home
$1,000,000
$
$400,000
$
80%
%
Usable equity
$400,000
at 80% bank LVR buffer
Based on a $1,000,000 home with $400,000 mortgage owing.
Total equity$600,000
Mortgage owing$400,000
Buffer kept by the bank$200,000
Current LVR40%
About our Home Equity Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.