Bloomfield Home Equity Loan Calculator

Calculate your available home equity in Bloomfield, NJ. Median home value: $623,300

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Bloomfield • Essex County

Median: $623,300 • Tax Rate: 3.12%

Current Home Value

Current Mortgage Balance

Current equity: $323,300 (51.9%)

Desired Loan Amount

Credit Score Range

Estimated rate: 7.50%

Interest Rate (%)

Loan Term (years)

Include property tax estimate (3.12%)

Available Equity

$229,805

Based on 85% LTV limit

For a home in Bloomfield, Essex County

Estimated Monthly Payment

$695

Principal & Interest: $695

Loan Amount$75,000

Interest Rate7.50%

Loan Term15 years

Total Interest Paid$50,147

Total Paid$125,147

Payoff DateNovember 2040

Ready to take the next step? Contact Jimmy Joseph MBA at (908) 698-0150

About Bloomfield Home Equity

With a median home value of $623,300 in Bloomfield, homeowners typically have significant equity available.