Awasome Best Mobile Home Equity Loan References. Borrowing $100,000 in home equity, for example, can cost from $2,000 to $6,000 in closing costs. Most lenders require you to have 15% to 20% of equity in your home to secure a home equity loan.

Your mortgage balance owing is $320,000. A home equity loan calculator is a good way to start exploring price options for tapping the equity in your home. To figure out how much you can borrow against it, first multiply the market value by.