Enter the current market value of the property and the outstanding mortgage balance into the calculator to determine the equity. This calculator can also evaluate any of the variables given the others are known.
Plo Equity Formula
The following formula is used to calculate the equity in a property.
E = V - M
Variables:
- E is the equity
- V is the current market value of the property
- M is the outstanding mortgage balance
To calculate the equity, subtract the outstanding mortgage balance from the current market value of the property.
How to Calculate Plo Equity?
The following steps outline how to calculate the Plo Equity using the formula: E = V – M.
- First, determine the current market value of the property (V).
- Next, determine the outstanding mortgage balance (M).
- Next, use the formula E = V – M to calculate the Plo Equity (E).
- Finally, calculate the Plo Equity.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem:
Use the following variables as an example problem to test your knowledge.
Current market value of the property (V) = $250,000
Outstanding mortgage balance (M) = $150,000
