Loan Amount Calculator

Just enter the estimated current market value of your home, your total mortgage balance, credit score range, and state. When typing in your mortgage balance, round the value to the nearest dollar amount. Then, click "Calculate" to see the loan amounts you may qualify for. 

As well as the mortgage refinance and home equity loan amount calculator above, Discover offers other resources that help you plan your financial future, including our affordability calculator and debt consolidation calculator.

The loan amount ranges you'll see are based on your credit score, combined loan-to-value (CLTV) ratio, and other factors. This information determines how much you can potentially borrow if you apply for a home equity loan or mortgage refinance from Discover. 

Our calculator is a self-help educational tool that helps you decide between these loan options and is not an offer to lock in a specific loan amount.

A home equity loan is typically a second mortgage that lets you tap into your home equity, giving you access to cash. A mortgage refinance replaces your current home loan with a new one, usually with a more favorable interest rate and terms.

Deciding between these two loan options can be difficult. You'll want to consider your financial goals, borrowing preferences, and other factors before choosing a product.

Popular uses of home equity loans include debt consolidation and home improvements. However, you can spend the money on whatever you like.

You might choose a home equity loan over a mortgage refinance if you want to tap into your equity without changing the rate or terms of your existing mortgage.

Your borrowing ability is determined by the equity you have in your home, your credit history, geographic location, and other factors. Our loan amount calculator tells you the maximum amount you could borrow.

Your home equity loan amount plus your current mortgage balance must be under 90% of your home′s value.

A mortgage refinance may be a good choice if you want to lower the amount of interest you currently pay on your mortgage or change your term length. Our mortgage refinance calculator estimates how much money you might save with this option.