Gift of Equity Calculator
**Important*** I am NOT a coder. I did my best and will revisit later when I have more time. I tried 50 different ways to reference or embed my excel spreadsheet and they all failed, so I gave up and learned some coding. I’m actually shocked I managed to get it to work at all. But I get asked for this calculator so often, I wanted to get it out to the public as soon as possible.
This site does NOT display properly on a cell phone (not a coder, remember), so use your computer. Also, input your numbers in order from top to bottom or there may be an error. If it’s not adding up, refresh the screen and start over. Sorry.
***Disclaimer – Please note that this Gift of Equity Calculator is provided for informational purposes only and is not intended to be a substitute for professional financial advice. The results of the calculator are estimates based on the information you provide, and actual results may vary. Musketeer Mortgage, LLC does not guarantee the accuracy or applicability of the results. Before making any financial decisions, you should consult a qualified professional who can advise you on your specific situation.
How much does the family member want to net from the sale of the home?
What is the highest amount the house will appraise for?
How much are closing costs?
What is the sales price?
Loan amount with closing costs:
Loan amount without closing costs:
Gift of equity with closing costs:
Gift of equity without closing closts:
