Equity Unlock Calculator.
A free tool to work out how much of your home's equity you can actually use as a deposit on your next property, and how big a property that gets you. Three inputs, thirty seconds, no email needed.
In plain English: this is what the bank counts as useable equity. We take 80% of your home's value (banks call this an 80% LVR), then subtract whatever you still owe on your loan. The rest is what you can put toward a deposit and the costs of buying.
Enter your home value and loan balance to see your scenarios.
Fill in the three fields on the left. You'll see the most expensive investment property your equity could realistically fund, both ways: the safer 80% LVR way (no extra fees), and the more aggressive 88% LVR way (where you pay a one-off LMI premium to stretch the same equity further).
You stay under 80% of the new property's price, so the bank doesn't charge you Lender's Mortgage Insurance (a one-off fee for borrowing more than 80%). Cleanest path, lowest typical rate, smaller property.
You push the bank up to 88% of the new property's price. The same equity now covers a smaller deposit slice (12%) and the costs, so you can buy a bigger property. The trade-off: you pay a one-off Lender's Mortgage Insurance premium, usually added onto the loan so you don't pay it out of pocket.
How to read these numbers.
Loan-to-Value Ratio
Loan divided by property value. Lenders typically lend to 80% LVR on an investment property without LMI. Above 80% triggers LMI.
Lender's Mortgage Insurance
One-off premium when LVR exceeds 80%. Roughly 1% to 3% of the loan amount. Usually capitalised into the loan, so you don't pay it upfront.
What you can actually access
Bank value of your home at 80% LVR, minus your current loan. Owning equity on paper is not the same as accessible equity.
This calculator runs the same numbers Komay walks PPOR owners through on a 15-minute call. The maths is honest, the lender still has final say, and the next step is a written read on your file before you commit to anything.
If the scenarios above land somewhere worth a conversation, book in. If not, the calculator is yours to use.
Numbers look workable?
Book a 15-minute strategy chat. Komay reads your scenario back, flags what a lender will push on, and you decide from there.