Withdrawable Equity Calculator
Borrowable Cap
$0
Withdrawable Cash
$0
Enter your details to calculate your usable home equity.
Pro-Tip: Unlock cash for renovations, investments, or debt consolidation without selling your property.
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A licensed broker will manually verify these figures and provide a tailored refinance strategy.
Frequently Asked Questions
What is withdrawable home equity?
Withdrawable equity is the portion of your home's value that you can borrow against, minus your current mortgage balance. Most Australian lenders allow you to withdraw up to 80% of your property's value without paying Lenders Mortgage Insurance (LMI).
How do I calculate my usable equity?
Multiply your current property value by 0.80 (for 80% LVR) and subtract your existing mortgage balance. For example, if your home is worth $1,000,000 and you owe $500,000, your usable equity is $300,000 ($800,000 - $500,000).
Can I withdraw equity if I owe more than 80%?
Yes, some lenders allow withdrawals up to 90% or even 95% LVR, but you will likely be charged Lenders Mortgage Insurance (LMI). This can be costly and is usually added to the total loan amount.
What can I use withdrawable equity for?
Common uses include home renovations to increase property value, a deposit for an investment property, buying a car, debt consolidation, or creating a "rainy day" offset buffer.
Does withdrawing equity increase my repayments?
Yes. When you withdraw equity, you are increasing your total loan balance. Unless you secure a lower interest rate through refinancing, your monthly repayments will typically increase to cover the additional debt.
Important: These figures are estimates only. Withdrawable equity depends on formal bank valuations and serviceability tests.
