LTV calculator
Loan-to-value and combined LTV for your home, plus how far you are from 80% and 90%.
- ๐บ๐ธ US federal & state rules
Loan-to-value (LTV)
71.11%
Combined LTV with all loans: 80%
- Combined LTV (CLTV)
- 80%
- Home equity
- $90,000
- Pay down to reach 80% CLTV
- $0
- Borrowing room up to 80% CLTV
- $0
This is an example. Enter your numbers above and press the button to see your own result.
Common LTV lines
| 80% | You are at or below it. Conventional loans usually skip PMI here. |
|---|---|
| 90% | Under it, room of $45,000 |
| 97% | Under it |
- Lenders use the appraised value, or for a purchase the lower of price and appraisal. Your own estimate may differ.
- For a HELOC, some lenders count the full credit line instead of the amount you have drawn. Enter the full line to see that version.
Show the math
| LTV | $320,000 รท $450,000 = 71.11% |
|---|---|
| CLTV | ($320,000 + $40,000) รท $450,000 = 80% |
What to do next
How it works
LTV is the first mortgage balance divided by the home value. CLTV is all loan balances on the home divided by the same value. Equity is the value minus every balance.
The calculator also shows how much you would need to pay down to reach 80%, and how much more you could borrow before hitting 80% or 90% CLTV.
Things to keep in mind
Home equity lenders set their own CLTV limits, often in the 80% to 90% range. Some count the full HELOC credit line instead of what you have drawn.
Frequently asked questions
How do I calculate loan-to-value?
Divide the loan balance by the home value. A $320,000 loan on a $450,000 home is a 71.1% LTV.
What is the difference between LTV and CLTV?
LTV counts only the first mortgage. CLTV adds every loan secured by the home, such as a HELOC. With a $40,000 HELOC added, the example above is 80% CLTV.
What LTV do I need to avoid PMI?
Conventional loans usually require PMI above 80% LTV, which means less than 20% down or 20% equity.