Accessible Equity Calculator
Estimate how much usable equity you could access from your property.
Could your equity become your next deposit?
As your property's value increases and your loan balance reduces, you build equity. Many lenders allow you to borrow against part of that equity, which can be used towards your next property, renovations, debt consolidation or other approved purposes.
This calculator estimates your usable equity based on a typical lending limit, helping you understand what may be available before speaking with a lender.
This calculator includes
Frequently asked questions
What is usable equity?
Usable equity is the portion of your property's equity that you may be able to access through refinancing or a top-up loan. Instead of saving a second deposit from scratch, many homeowners use available equity to help fund their next property purchase.
If I have equity, can I always access it?
Not necessarily. Having enough equity is only one part of the assessment. Lenders will also look at your borrowing capacity to determine whether you can comfortably afford the additional repayments. It's common for borrowers to have plenty of equity but not enough borrowing capacity to access all of it. Before making plans based on your property's value, it's worth understanding both your usable equity and your serviceability.
Can I use equity as a deposit?
Often, yes. Equity can commonly be used towards the deposit and buying costs for another property, meaning you may not need to rely solely on your savings. The amount available and the loan structure will depend on your circumstances and your lender's requirements.
Does accessing equity increase my repayments?
Yes. Accessing equity increases the loan secured against your existing property, so the repayments on that loan will usually increase. If you also purchase another property, you'll generally have repayments on that new loan as well. It's important to consider how both loans fit within your budget and long-term goals.
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These figures are a guide, not a guarantee, and they're not legal, financial, tax or credit advice. Book a free discovery call and get real numbers for your situation.