how much equity do i have in my home 
you gain equity in your home by paying down the principal in your mortgage over time if you used a down payment to purchase your home you likely have some equity in it with each mortgage payment your equity grows to figure out how much equity you have in your home divide your current mortgage balance by the market or recently appraised value of your home the bottom linehome equity refers to how much of the value of a home you control compared to that controlled by the lender of the mortgage loan it consists of any down payment made the portion of the mortgage payment made that pays down the principal and any appreciation of the value of the home the benefit of building equity in your home is both the asset that you build and the ability to borrow money against it 