LTV Calculator
See loan-to-value and equity from property value and mortgage balance — add an optional second lien for combined LTV (CLTV). Click any i for detail.
Property & liens
Property value ($)
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Property value
Appraised or estimated market value of the home. |
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|---|---|
First lien / loan balance ($)
i
Loan balance
Current first-mortgage balance (or loan amount on a purchase). |
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Second lien ($ optional)
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Second lien
HELOC drawn balance, second mortgage, or other junior lien. Enter 0 if none. |
How to use this calculator
- Enter property value.
- Enter first-lien balance (or loan amount).
- Optionally add a second lien for combined LTV.
- Read LTV %, CLTV if applicable, and equity dollars.
Results explained
The headline is LTV % (first lien ÷ property value). Combined LTV adds the second lien. Equity is value minus all liens entered.
Quick reference: LTV & CLTV
Lenders use these ratios for underwriting, PMI, and HELOC limits.
| Item | Detail |
|---|---|
| LTV | First lien ÷ property value |
| CLTV | (First + second) ÷ property value |
| Equity | Value − all liens |
Related borrowing capacity sketches live on the home equity calculator and HELOC payment calculator.
How the estimate is built
LTV = first lien ÷ value. CLTV = (first + second) ÷ value when a second lien is entered. Equity = value − sum of liens. No amortization or payment math is required.
Example scenario
A $425,000 home with a $320,000 first mortgage is about 75% LTV and $105,000 equity. Adding a $25,000 second lien raises CLTV and reduces equity accordingly.
FAQ
What is a good LTV?
Conventional purchase loans often prefer ≤80% to avoid PMI; refinance and HELOC products set their own caps. Lenders decide.
LTV vs CLTV?
LTV usually looks at the first lien only. CLTV (combined) includes junior liens.
Purchase vs refinance value?
Purchases often use the lesser of price or appraisal; refinances use appraised value. Enter the value your lender will use.
Does this include closing costs?
No — LTV here is lien balance(s) vs property value only.