How much is your home worth?
- Home value estimate based on public data and other factors
- Zestimate® provided by Zillow
- Estimated price per square foot
- Detailed description of the home
- Sale history
- Value history
- Sales of comparable homes nearby
The report provides two estimated market values for a home, both from leading providers.
Online home value tools are not a substitute for an appraisal. The ranges between estimates can vary greatly. Instead, they can provide a ballpark estimate useful when considering a home purchase or refinance.
About Our Home Value Estimator
Whether you’re considering buying a new home or refinancing your existing property, getting a clear picture of the home’s value is a critical factor in making the right decision. PennyMac’s Home Value Estimator can take the address of a property and weigh multiple factors in order to give you a reliable estimate. In addition to the overall value, you also get estimated price per square foot, property details, sales history and value history. Our Home Value Estimator can be a great first step in determining how much a property is really worth.
Note that there are many factors that may have an effect on home value. While tools like this can account for neighborhood comps, trends in real estate markets and other factors, recent upgrades to a home or issues that might come up in an inspection are more difficult to account for with an automated valuation tool.
While you will still need an appraisal for most kinds of loans, the Home Value Estimator is a fast, free way to get an instant estimate that can be used to help you decide what to offer on a new purchase or how much equity you may have for a refinance.
Learn about the new mortgage insurance option EPMI, including comparisons with MI and LPMI loans.
Owning a home is about having something of your own and building equity. So, what are the financial perks of building home equity?
Pay off your mortgage sooner. You could save tens of thousands of dollars, own your home earlier, and pay less in loan interest.