SACU Home Equity Calculator

Home Equity Calculator

Use the SACU Home Equity Calculator to determine your home equity borrowing potential.

SACU Home Equity Calculator

Sample Home Equity Calculations

The provisions of the Constitutional amendment that allows home equity loans limits those loans to no more than 80 percent of your property's fair market value, less any outstanding balances already owed. Together, you and SACU will determine the fair market value of your home.

Step one is to establish the tax valuation as determined by the county taxing authority. SACU will only seek an appraisal if you deem this value too low.

Step two is to determine the maximum limit of possible loans by multiplying the tax valuation by 80 percent (.80).

Step three is to subtract any outstanding lien balances.

The result (available equity) is the maximum equity loan for which you may qualify.

See the examples below for several different scenarios:

Example One:

Tax Valuation
80% limit
First lien balance

Available equity:

$100,000.00
=80,000.00
-65,000.00

$15,000.00

Example Two:

Tax Valuation
80% limit
First lien balance

Available equity:

$175,000.00
=140,000.00
-150,000.00

0.00

Example Three:

Tax Valuation
80% limit
First lien balance
Home Improvement loan

Available equity:

$175,000.00
=140,000.00
-100,000.00
-20,000.00

$20,000.00

Example Four:

Tax Valuation
80% limit
First lien balance

Available equity:

$85,000.00
=68,000.00
-55,000.00

$13,000.00

Example Five:

Tax Valuation
80% limit
First lien balance
Home Improvement Loan

Available equity:

$125,000.00
=100,000.00
-25,000.00
-45,000.00

$30,000.00