Loan Calculator


Home Equity Line of Credit Example
To determine the amount of equity available on your property, use the following formula.  Take the market value of your property and multiply by 80%.  The balance of your mortgage should then be subtracted from this amount.  The final amount equals the equity available for borrowing purposes. 


Market value of property $120,000
Multiply by 80% x 80%
Equals $96,000
Subtract mortgage balance  - 75,000
Equity available to borrow $21,000


West Branch Valley Federal Credit Union
Phone: (570) 323-9407  |  Toll Free: (800) 326-9539  |  Fax: (570) 323-2154  |  email: