How is net equity calculated?

There are two locations in Remine where you can see net equity estimates: the Home Equity filter on the Discover map, and the header on the Property Details page.

We calculate net equity with the following steps:

  1. We collect information about the active mortgage loan amount and interest rate from First American, and create a modeled amortization schedule.
  2. Based on the modeled amortization schedule and current date, we calculate the remaining loan balance.
  3. We subtract the remaining loan balance from the First American valuation for the property. Click here to learn how we get property values.

Note: If an owner has missed a payment or made extra payments, our estimate will be incorrect.

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