<p>So, if you have paid off your home is the equity equal to the amount you can sell it for today?</p>
<p>That seems right.</p>
<p>Yup. Current value less mortgage = equity. So if no mortgage, value = equity.</p>
<p>So, if you have paid off your home is the equity equal to the amount you can sell it for today?</p>
<p>That seems right.</p>
<p>Yup. Current value less mortgage = equity. So if no mortgage, value = equity.</p>