Florida foreclosure · Equity calculator
Gross home equity is what your home is worth minus everything secured by it, and loan-to-value (LTV) is that secured debt divided by the value. Enter your estimated value, your total mortgage payoff, any arrears not already in the payoff, other liens and, if you have a figure, your estimated closing costs. You get your estimated equity, LTV, an illustrative net-equity estimate and the days to a scheduled sale date. Free, anonymous, no credit pull, and nothing is sent unless you request a financing review.
Last reviewed: November 6, 2026 by Reinier Cancio, NMLS #1615071 · Bold Mortgage (NMLS #386834)
Definitions
Gross equity is value minus secured debt. Loan-to-value is secured debt divided by value. The illustrative net-equity estimate is gross equity minus the closing-cost figure you typed in. None of the three is an appraisal, an approval, or the cash you would receive.
Gross equity is your home’s value minus everything secured by it: the total mortgage payoff, any second mortgage or HELOC, and any HOA, tax or judgment liens. It is the starting point of every foreclosure conversation because it shapes which options are on the table. It is not what you would walk away with after a sale, and a lender’s figure comes from an appraisal and a verified payoff.
LTV is secured debt divided by value, times 100. The lower it is, the more cushion there is in the property. The equity-based programs I work with generally allow up to 70% loan-to-value in most cases, so the calculator shows your LTV next to that maximum; above it, bridge financing may be difficult and other options deserve a hard look. The lender confirms the limit on the verified file.
The outstanding balance is the principal on your monthly statement. The total payoff is the amount needed to close the loan today and usually already includes past-due payments, late fees, legal costs and interest. Use the payoff when you have one; never add the arrears a second time.
The net estimate is gross equity minus the estimated transaction or closing costs you entered. It appears only when you type a cost figure, because this page never assumes one. It is an illustration of how costs reduce equity, not cash proceeds and not an approval; actual costs are quoted for each file.
The countdown is whole days from today, in Florida time, to the date you entered. It is a planning number, not a legal one: talk to a Florida foreclosure attorney about dates and deadlines, and if a sale is close, seek that advice promptly. A loan application does not pause a sale, and financing that is approved and completed with a verified payoff in time may resolve the foreclosure, but neither approval nor a stopped auction is guaranteed. The Miami-Dade, Broward and Palm Beach calendar pages explain where the official date comes from.
Two worked examples
The same formula gives $200,000 of equity at 60% LTV in the first case and $30,000 of equity at 92.5% LTV in the second. Both examples use round numbers and leave out interest, costs and anything not yet verified.
$500,000 minus $300,000 leaves $200,000 of gross equity, and $300,000 divided by $500,000 is 60% LTV, within the 70% maximum these equity-based programs generally allow in most cases. In a case like this a financing review may be worthwhile, subject to verified payoff, title, property, lender guidelines, occupancy, deadlines and fees. Equity alone never decides it, and approval is never guaranteed.
$400,000 minus $370,000 leaves $30,000 of gross equity, and $370,000 divided by $400,000 is 92.5% LTV, well above the 70% maximum these equity-based programs generally allow in most cases. Bridge financing may be difficult, and once transaction costs come out there may be no net equity at all. I would rather say so here than waste your time on a call: look hard at a loan modification, a sale, or bankruptcy protection with a HUD-approved counselor and a foreclosure defense attorney.
Please read
Every figure on this page is an educational estimate from numbers you typed. It is not an offer, an approval, a pre-qualification, an appraisal, or a guarantee that a foreclosure will be stopped. Eligibility for any program is lender- and program-specific and is determined only after a review of the property, title, verified payoff, loan structure, occupancy and exit strategy. Mortgage information is not legal advice: if you have a scheduled auction or an active case, seek timely advice from a qualified Florida foreclosure attorney about your rights and deadlines. Reinier Cancio, NMLS #1615071, is a licensed mortgage loan originator with Bold Mortgage (NMLS #386834), Equal Housing Lender. See the Privacy Policy.
How to contact Reinier
Call or text (305) 492-2404, message on WhatsApp, email [email protected], or send the numbers with the Request Financing Review form above. English or Spanish, confidential, no credit pull.
Equity and LTV questions
Your gross equity is what the home is worth today minus everything secured by it: the total mortgage payoff, any second mortgage or HELOC, and any HOA, tax or judgment liens. For example, a $500,000 home with $300,000 of secured debt has $200,000 of gross equity and a 60% loan-to-value. Being behind on payments does not change the formula; it changes the payoff, because past-due payments, late fees and legal costs are added to what you owe. A lender's figure comes from an appraisal and a verified payoff, not an estimate.
Loan-to-value is your secured debt divided by your home's value, times 100. $370,000 owed on a $400,000 home is 92.5% LTV; $300,000 owed on a $500,000 home is 60%. The lower the number, the more cushion there is in the property. The equity-based programs I work with generally allow up to 70% loan-to-value in most cases; the lender confirms the limit on the verified file, and a higher LTV by itself is not a verdict on your other options.
No. The outstanding balance is the principal shown on your monthly statement; the total payoff is the full amount needed to close the loan today, and it usually already includes past-due payments, late fees, the lender's legal costs and interest to the payoff date. Use the payoff when you have a payoff statement. If you only know the balance, enter it and add your best estimate of the arrears in the arrears field so the total is closer to reality.
Only if they are not already in your payoff figure. A payoff statement from your servicer normally includes past-due payments, late fees and legal costs. If that is the number you entered, check the box that says your payoff already includes arrears and the calculator leaves the arrears field out of the total so nothing is counted twice. If you entered the plain balance instead, add your estimate of the arrears.
Everything recorded against the property that would have to be paid at closing: the first mortgage payoff, a second mortgage or home-equity line, an HOA or condo association lien, unpaid property taxes or a tax certificate, code-enforcement fines that have become liens, and recorded judgments. If you are not sure what is recorded, check the box and the calculator shows an estimate from known amounts only; a title search sorts out the rest.
No, it is not cash proceeds and not an approval. The illustrative net-equity estimate is your gross equity minus the estimated transaction or closing costs you typed in, shown only to illustrate how costs reduce equity. The calculator never prefills a cost figure; actual costs depend on the transaction and are quoted for each file.
No. The calculator is educational and runs anonymously in your browser; nothing is sent unless you request a financing review. Eligibility for any program is lender- and program-specific and is determined only after a review of the property, title, verified payoff, loan structure, occupancy and exit strategy. A loan application by itself does not pause a foreclosure sale, and neither approval nor a stopped auction is guaranteed, so talk to a Florida foreclosure attorney about dates and deadlines.
Keep reading: How a foreclosure bridge loan works · Options when you’re facing foreclosure in Florida · Bridge loan vs. loan modification · Inherited homes and probate · Foreclosure glossary · All calculators