This house buyout divorce calculator helps you determine the buyout amount one partner would pay to the other for their share of a jointly-owned home during a divorce.
House Buyout Divorce Calculator
Use this calculator to estimate the amount one spouse would pay to the other in a house buyout during a divorce. Enter the current value of your house, the amount owed on the mortgage, and your percentage share of the house.
How to Use: To determine the buyout amount, input the current market value of your house, subtract any debts (such as the amount owed on a mortgage), and then divide the remaining equity according to each spouse’s ownership percentage.
How it Calculates: The calculation involves the following steps:
- Determining the equity by subtracting the mortgage amount from the house value.
- Dividing the equity by the ownership percentage to get the buyout amount.
Limitations: This calculator provides an estimation based on the inputs provided and does not account for any legal or tax implications, costs of selling the property, or potential changes in the property value.