Additional notes on Edmit’s home equity calculator
Note that it won’t say “20% of home equity is used” or somthing similar, but when you look at the values for different colleges that you select you can determine what the percentage is based on applying some simple math to the answers they give.
Also, you do have to use the little calculator that is embedded in the page (which looks like an advertisement and is easy to miss), and you do have to provide an email address to activate the calculator. In addition, you can’t delete or backspace out of the 0 that they prefill the calculator with – you just have to start typing your values and then it will calculate the home equity percentage for you. So, not the best design – but I did find that it accurately assessed the home equity portion of the various schools my son applied to last year.