It is a one-page custom financial document that shows you how much wealth you have built in your home since the day you bought it. It includes your estimated current mortgage balance, your current market value range based on recent comparable sales, your net equity position, and the number that most homeowners have never seen calculated for them — your equity gained since purchase. It also maps out three specific ways you could put that equity to work based on your situation.

A Zestimate tells you what your home might sell for today and does not factor in what you may have improved on the home since purchase. That is one number. The Home Equity Plan tells you a different story — what you paid, what you owe, what the market says your home is worth now, and most importantly, how much real financial wealth you have accumulated since closing day. Those are four different numbers, and the one most homeowners are missing is the last one.

Not at all. Most of the homeowners who find this most useful are not planning to sell anytime soon. They just want to understand their financial position — the same way you would review a retirement account statement. Whether you are thinking about moving in six months or six years, knowing your equity picture helps you make better decisions in the meantime.

We start with your purchase price and estimate your current mortgage balance using a standard 30-year amortization schedule at the rate available when you purchased. We then establish your current market value as a range — conservative to aggressive — based on three to five comparable homes that have actually sold in your area within the last six months. Your equity gained since purchase is your net equity minus your original down payment. We show all of the math so you can see exactly how we arrived at every number.