Am I Underwater? The Florida Home Equity Checker.

Florida just led the country in lost equity.

The ATTOM Q1 2026 Home Equity and Underwater Report, released May 7, 2026, found Florida had the largest year-over-year drop in its share of equity-rich homes in the country, falling from 49.3 percent to 43.2 percent, with among the largest per-owner equity losses (ATTOM Q1 2026 report). ATTOM's companion risk report put Florida and California counties at the top of its highest-risk list (HousingWire). None of that tells you where you personally stand, which is the entire point of this checker.

The owners who feel it most are the 2022 to 2024 buyers and the new construction buyers who put little down. If you bought near the top with a small down payment and prices in your area have softened, your loan balance can be close to, or above, what the home would sell for today. That is not a crisis by itself. It only becomes a problem if you need to sell or refinance before values recover, which is exactly when knowing the number matters.

How the math works.

Equity is your estimated current value minus everything you owe against the home. Equity percent is that number divided by the value. This tool also nets out selling costs, because you do not keep the full sale price: agent commission and closing costs come off the top, and a home that looks barely above water on paper can still require cash to close once those costs are paid. We classify your position using the same thresholds ATTOM uses: equity rich means your loan is 50 percent or less of value, and seriously underwater means your loan is at least 25 percent more than value.

What the tool does not do.

It does not appraise your home or pull an automated value. The estimate is only as good as the current value you enter, so treat a borderline result as a prompt to get a real number, not a verdict. For an accurate value, get a comparative market analysis from an agent or an appraisal, and confirm your exact payoff (including any prepayment items) with your lender. If you are weighing a sale, pair this with the offer calculator and the true cost of ownership calculator.

Is your county below what you paid for?

Pick your county and the year you bought, and the checker shows how the county's typical home value (Zillow Home Value Index, June of that year vs September 2026) has moved since. The pattern surprises most owners: 33 of 67 Florida counties sit below their June 2022 typical value, but 58 of 67 sit below June 2024, so the 2024 buyers are more exposed than the 2022 buyers. Duval is -5.6% from June 2022 and -6.1% from June 2024. The full county table and what it means for your options is in our article Is my Florida home worth less than I paid? A county index is not a value for your home; your street, condition and home type can move differently.

If you are underwater or close to it.

You have more options than the panic version suggests. Holding and letting the loan amortize and the market recover is often the simplest path if you do not need to move. If you do need to sell, you may be able to bring cash to closing, or in harder cases pursue a short sale with lender approval. If your payment itself is the strain, look at the drivers separately: see whether insurance can come down on the insurance savings calculator, and if you are behind or worried about it, read the steps on the property tax and mortgage relief resources. The worst move is doing nothing because you are afraid of the number. Run it.

Common questions.

Disclaimer: This calculator estimates equity and net sale proceeds from the values you enter. Time-to-sell figures are statewide and county medians from the sources named in the panel, not a forecast for your home, and carrying costs use the monthly amount you enter. It does not appraise your home, pull an automated valuation, or confirm your loan payoff, and it is not financial, lending, or real estate advice. Selling-cost percentages are estimates that vary by transaction. County typical values: Zillow Home Value Index (data provided by Zillow), June anchors and September 2026, county level, not a value for any one home. Equity-rich and seriously-underwater thresholds follow ATTOM's published definitions. Confirm your value with an agent or appraiser and your payoff with your lender. Momentum Realty is a licensed real estate brokerage.