How much equity do I have?
Work out how much of your home you own, which rate band that puts you in, and what it would take to reach a cheaper one, using the same calculator as the Theo app.
Quick answer
How much equity do I have? Subtract what you owe from what your home is worth. A £400,000 home with £299,475 owed has £100,525 of equity: you own 25.1% of it, your LTV is 74.9%, and you are in the 75% band.
Reaching the 70% band would take paying off £19,475, or your home rising by £27,821.
Updated today
An example
- Worth£400,000
- Owed£299,475
- Equity£100,525, which is 25.1%
- Band75%. Next: 70%
How much equity do I have? Ask Theo
Theo can fill in your own mortgage, then shows your equity, your band and what reaching the next one takes. Premium projects your equity years ahead and shows when you reach a cheaper band at your normal payments.
What changes your equity
- PaymentsEvery month, what you owe falls.
- PricesYour home’s value can rise or fall.
- OverpayingSpeeds it up.
- BorrowingReleasing equity uses it up.
Thinking of borrowing more?
See what your equity could release.
Where your equity puts you, today
| Loan to value | Average 2 year fix | Average 5 year fix |
|---|---|---|
| Loading | ||
| Loan to value | Equity | What it usually means |
|---|---|---|
| 60% or less | 40% or more | Usually the very lowest rates |
| 75% | 25% | Some of the sharpest mainstream pricing |
| 80% | 20% | A common remortgage landing point |
| 85% | 15% | Where many lenders cap borrowing more |
| 90% | 10% | Fewer lenders, higher rates |
| 95% | 5% | The narrowest choice |
Equity is the other side of LTV
25% equity is 75% LTV. Every band down usually means a lower rate.
How much equity do I have? Calculator
Use a realistic value: a recent valuation, or similar homes sold nearby. Your balance is on your latest mortgage statement.
Estimates only, from the figures you enter.
How much equity do I have? Working it out
Take your home’s value and subtract your mortgage balance. The balance is on your latest statement or your lender’s app. For the value, a recent valuation is best; otherwise look at what similar homes nearby have sold for, rather than asking prices. Your equity as a percentage is your equity divided by the value, and your LTV is the other side of it: 25% equity is 75% LTV.
Why your band matters more than the figure
Lenders price in 5% bands, so what matters is which band your LTV falls in. At 74.9% you are in the 75% band, the same as at 75%; at 70% you may get a lower rate. Knowing the gap to the next band tells you whether a small overpayment before your deal ends is worth it.
How your equity changes over time
Each monthly payment reduces what you owe, so equity builds even if prices stay flat, slowly at first and faster later in the term. House prices move it too: prices rose 0.8% in the year to September 2026, according to Nationwide. Overpaying speeds things up, and most fixed rates allow up to 10% of the balance a year without a charge.
Using your equity
A cheaper rate band when you remortgage is the simplest win. You can also borrow more against your home, either by remortgaging to release equity or with a further advance from your lender, usually up to about 85% LTV. And when you move, your equity becomes your deposit. See home equity explained.
Common questions
How much equity do I have in my home?
How do I find my home’s value?
What is the difference between equity and LTV?
How can I increase my equity?
How much equity do I need to remortgage?
Keep exploring
Theo App Ltd is not authorised by the Financial Conduct Authority and does not give mortgage advice. This page is information only and is not a recommendation. Estimates only, from the figures you enter. Not advice. Speak to an FCA-authorised mortgage adviser about your own circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.