Gift of Equity Calculator

Enter the price the the sale of the home and the current market value of the home into the calculator to determine the gift of equity.

Gift of Equity Formula

The following formula is used to calculate a gift of equity.

GOE = MV – SP

  • Where GOE is the gift of equity
  • MV is the market value of the home
  • SP is the sale price of the home

Gift of Equity Definition

A gift of equity is defined as the difference between the sale price and market value of a home that is sold to a family member or close relationship at a discount.

Gift of Equity Example

How to calculate a gift of equity?

  1. First, determine the current market value.

    Through a calculator or appraiser, determine the current fair market value of the home.

  2. Next, determine the sale price.

    Determine the expected or wanted sale price of the home.

  3. Finally, calculate the gift of equity.

    Calculate the gift of equity using the formula above.

FAQ

Can a gift of equity be used toward a down payment?

Yes, most lenders let the gift of equity be used towards the down payment of the mortgage.

gift of equity calculator
gift of equity formula

Related Terms

gift of equity calculator
gift of equity
gift of equity formula
how to calculate gift of equity
gift of equity letter
gift of equity tax rules 2020
gift of equity tax
fha gift of equity
gift of equity tax rules 2019
gift of equity mortgage
gift of equity example
gift of equity loan
gift of equity purchase contract
gift of equity pros and cons
gift of equity letter template
gift of equity reduces gain on sale
gift of equity rules
gift of equity purchase
fha gift of equity guidelines
gift of equity mortgage calculator
fha gift of equity guidelines 2020
gift of equity conventional loan
irs gift of equity
gift of equity form
gift of equity tax implications
fha gift of equity max ltv
gift of equity on investment property
gift equity for down payment
fha gift of equity guidelines 2019
gift of equity texas
gift of equity for down payment
gifting equity in a home
gifting equity home down payment
gift of equity tax rules
gifting equity in a house
gift of equity appraisal
gift of equity letter pdf
gift of equity template
gift of equity contract example
gift of equity rules 2020
gift of equity non family member
gift of equity home purchase
gift of equity purchase agreement
a gift of equity
gift of equity capital gains
gift of equity contract
gifting equity in a home purchase
gift of equity fha loan
fha gift of equity rules
gift of equity in home purchase
gifting equity in property