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Joint Tenancy Severance Calculator
Severing a joint tenancy means one owner buys the other out. This calculator estimates the buyout based on equity and ownership share, so the split is clean and fair.
Tell us about it
in $ USD$510,000.00
$
$240,000.00
$
$6,000.00
$
50%
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Estimated Buyout
$132,000.00
50% keep50% depart
In plain English
The home appraises at $510,000.00. With a $240,000.00 mortgage and $6,000.00 in refi costs, the remaining equity comes to $264,000.00. The departing 50% owner is owed $132,000.00.
How we got there+
| Total equity | $264,000.00 |
| Departing share | 50% |
| Buyout owed | $132,000.00 |
Estimates only, not legal or financial advice. Double-check figures with a qualified professional.
How we got there
— Joint Tenancy Severance CalculatorMethodology reviewed: August 17, 2026 · Source: Consumer Financial Protection Bureau — What is a home equity loan?
Frequently asked questions
Q.What does severing a joint tenancy mean?▾
It means ending the joint ownership arrangement. One owner buys the other's share, or the property is sold and the proceeds are divided.
Q.How is the buyout calculated?▾
We take the appraised value, subtract the mortgage and any costs, and multiply the remaining equity by the departing owner's share.
Q.Do both owners need to agree to sever?▾
Yes, unless a court orders it. Both parties should agree on the value and the buyout terms before proceeding.
Q.What happens to the deed after severance?▾
The deed is updated to reflect the new ownership. The departing owner's name is removed through a quitclaim deed or similar legal instrument.
Q.Can we sever without selling?▾
Yes. One owner can refinance to pay off the departing owner's share and take full ownership. This is the most common way to sever a joint tenancy.
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