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LTV Calculator

LTV Calculator to calculate your loan to value ratio based on your estimated home value and mortgage balances. The loan to value calculator has options for multiple mortgages and is able to calculate LTV ratio for each mortgage and a combined LTV ratio for all mortgages. If you have only one mortgage, simply leave the other two mortgages balance as $0.

Loan to Value Calculator

Estimated Home Value
First Mortgage Balance
Second Mortgage Balance
Third Mortgage Balance

Loan to Value

Home Value:
First Mortgage Balance:
Second Mortgage Balance:
Third Mortgage Balance:
Total Mortgage Balance:

Loan to Value Ratio

First Mortgage LTV Ratio:
Second Mortgage LTV Ratio:
Third Mortgage LTV Ratio:
Total Loan-to-Value Ratio:

Loan to Value Calculator

Loan to value is a term used in the mortgage industry to calculate the value of property against your mortgage in terms of percentage. Lenders use the LTV ratio to measure the risks and determine whether or not to approve a loan for your property such as a house or a car. Our loan to value calculator will quickly calculate the loan to value ratio for multiple mortgages.

What is loan to value ratio

Loan to value ratio or LTV is a ratio that compares mortgage amount to the value of a property and is expressed as a percentage.  LTV is an important factor that lenders look at to determine whether or not a borrower qualifies for a mortgage or loan. A high LTV is considered risky for lenders, and to offset their risks, they require borrowers with a high LTV to pay higher interest on their mortgages. If a borrower's LTV is over 80%, not only she has to pay higher for interest, she would also be required to buy mortgage insurance or PMI. In a conventional mortgage, PMI is an extra payment that a borrower has to pay when she makes a down payment of less than 20 percent of the home value. This is the insurance to cover lender's loss in case a borrower stop making payments. Most lenders for conventional mortgage do not grant loans to borrowers with LTV over 97%, because it is simply too risky for them. There is a high chance that a borrower with a LTV over 97% to walk away from mortgage payments and the lenders would have to forced to foreclosure on the house. Therefore, LTV is an extremely important factor that every borrower should be aware of. They should keep their LTV low to qualify for lower interest mortgages and save a lot of money on interest. USDA and VA loans are exceptions to the LTV rule, because these type of loans do not require a down payment, and lenders can issue loans to borrowers with a 100% LTV.

How to calculate LTV

The following LTV formula will show you how to calculate LTV based on the mortgage amount and property value. LTV = mortgage amount / property value * 100 For example, if your home is worth $500,000, and you are applying for a mortgage of $400,000, your LTV will be LTV = 400,000/500,000 * 100 = 80%

How to calculate LTV for multiple loans (CLTV)

If you have multiple mortgages or loans, you will need to calculate the LTV for each mortgage. You can calculate the combined LTV or CLTV by adding up all your mortgages and divide by the home value. CLTV = (mortgage 1 + mortgage 2 + mortgage 3)/property value * 100 For example, if your home is worth $1,000,000, and you have three mortgages of $400,000, $200,000, and $100,000. Here's how you would calculate CLTV. CLTV = (400,000+200,000+100,000)/1000000 * 100 = 70%

How to lower your LTV

There are a few things that you can do to lower your LTV if your loan to value ratio is high. There are only two variables to the LTV formula, the mortgage amount and the home property. To get a lower LTV, you can either reduce the mortgage amount or increase the value of your property. To reduce the mortgage amount, you can

  • Make a big down payment on your mortgage. Since the LTV ratio is attached to the mortgage amount, big down payments would reduced your LTV ratio.
  • Look for a more affordable house. With a cheaper house, you can apply for a lower mortgage and hence lower LTV.

To increase the value of your property assuming you already bought the property.

  • Make home improvements to increase the value of your property and then get your home reappraised. Once your home value increases, it decreases your LTV. If you paid less than 20% down payment for the house and are still paying PMI, a lower LTV might get you out of the private mortgage insurance payment, or payoff your PMI quicker.
  • ¬†Make extra payments towards principal on your monthly mortgage payments. This will lower your LTV and once it reaches 80 percent, you can get rid of PMI payments.

How to use our LTV Calculator

Our LTV calculator is able to calculate both LTV and CLTV. You can input up to three mortgages, and the LTV calculator will calculate the LTV for each mortgage, and then you will get a combined LTV or CLTV if you have more than one mortgage. If you have only mortgage, you can leave the second and third mortgage as $0.

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