Free tool
Loan-to-value ratio calculator
See how much of a property's value is borrowed.
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How it works
How it works
LTV = loan amount divided by property value. Combined LTV (CLTV) adds any second loan to the first before dividing.
FAQ
About this calculator
Why do lenders care about LTV?
A lower LTV means more equity, which lowers the lender's risk. Lenders often set limits and price loans differently by LTV.
Which value should I use?
The appraised value or purchase price, whichever the lender uses. A lender's appraisal decides for a loan.
What is a HELOC?
A home equity line of credit, a revolving loan secured by the home. See our guide on HELOC signings.
Is anything saved?
No. The math runs in your browser and nothing you enter is sent to us.
Is this tax or financial advice?
No. It is a calculator for general information. Check the numbers against your own records, and ask an accountant before you act on them.
Related: mortgage payment calculator, cap rate calculator. See all free tools. More free tools: LTV and CAC calculator, Days payable outstanding calculator, Interest coverage ratio calculator, or see all free tools.
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Loan-to-value examples
LTV and combined LTV
A home valued at $400,000 with a $300,000 first loan has an LTV of 300,000 / 400,000 = 75%. Add a $40,000 home equity line and the combined LTV is 340,000 / 400,000 = 85%. Equity is $100,000, or 25% of the value.
What a limit means in dollars
A lender limit of 80% on a $400,000 value allows a loan up to $320,000.00. To borrow $340,000 you would need a value of at least 340,000 / 0.8 = $425,000.00.
Why 80% comes up
Conventional loans above 80% LTV often carry private mortgage insurance, and many lenders price loans by LTV band. Programs and limits differ, so confirm with your lender.
Which value to use
Use the lender's appraised value, or the purchase price if that is lower. A refinance uses the appraisal, not what you paid years ago.