Montclair Home Equity Loan Calculator

Calculate your available home equity in Montclair, NJ. Median home value: $850,700

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Montclair • Essex County

Median: $850,700 • Tax Rate: 2.27%

Current Home Value

Current Mortgage Balance

Current equity: $550,700 (64.7%)

Desired Loan Amount

Credit Score Range

Estimated rate: 7.50%

Interest Rate (%)

Loan Term (years)

Include property tax estimate (2.27%)

Available Equity

$423,095

Based on 85% LTV limit

For a home in Montclair, 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 Montclair Home Equity

With a median home value of $850,700 in Montclair, homeowners typically have significant equity available.