Planning to gift equity to a family member? Enter the home’s appraised value and selling price, and our Gift of Equity Calculator will show you the equity gifted.
Gift of Equity Calculator
Gift of Equity Calculator
| Component | Description |
|---|---|
| Property Value | The current market value of the property. |
| Sale Price | The price at which the property is sold to the recipient of the gift of equity. |
| Gift of Equity | The difference between the property value and the sale price, representing the equity gifted to the recipient. |
| Formula | Gift of Equity = Property Value – Sale Price |
| Purpose | Used to calculate the amount of equity gifted to the buyer in a real estate transaction, often used in family transactions. |