Property & Value
Results
Summary
Note: Maximum equity release shown is subject to lender debt service limits (GDS/TDS) and underwriting. Actual eligible cash-out may be lower.
Refinance / Equity Take-Out Calculator - FAQ
What does this calculator do?
It estimates your available refinance room (equity) by combining your home’s estimated market value (EMV), a chosen LTV cap (e.g., 80%), and your current mortgage balance.
Why does it sometimes say “Unavailable — please enter value manually”?
That means an estimate wasn’t returned for the address (or the lookup timed out). You can still proceed by typing a property value manually
Can I override the estimate?
Yes. Toggle off “Use estimated market value” and type your own value. The calculator will use your manual number for all results.
What is the LTV cap and which one should I choose?
LTV (Loan-to-Value) is the ratio of your mortgage to your property value. Many lenders cap refinances at 80% LTV in Canada. The dropdown lets you model 65–80% caps. For advice on which applies to you, please contact us
Is the estimate (EMV) guaranteed to be accurate?
No. EMVs are modeled values and can vary by data availability, recent sales, property condition, and market shifts. Treat them as directional, not definitive.
Where does the Estimated Market Value (EMV) come from?
When “Use estimated market value” is on, we look up EMV through our secure proxy to our partner award winning property market appraisal tool. If an estimate isn’t available, you can enter a manual value.
What’s “Available equity”?
It’s the maximum refinance amount based on your chosen LTV cap (Value × LTV) minus your current mortgage balance. It’s not a guaranteed approval amount—lender policies and your qualification still apply
Does this replace an appraisal?
No. This tool is an estimate for planning purposes only. A lender may require a formal appraisal or additional verification.
What if I recently renovated or my home is unique?
Automated estimates may lag or be less accurate for unique properties. Enter a manual value that reflects your best evidence (recent appraisals, comparable sales), or speak with us for guidance.
What should I do after I get a result?
Use the result as a conversation starter. If the available equity aligns with your goals (debt consolidation, renovations, investment), reach out and we’ll confirm options, rates, and next steps.