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Loan-to-Value (LTV) Calculator
Loan-to-value compares what you owe on a property with what it is worth. Enter the property value and your mortgage balance, plus any second mortgage or HELOC, to get LTV, combined LTV and your equity — and how much to pay down to reach 80%.
- Combined LTV
- 75%
- Home equity
- $100,000.00
- Equity share
- 25%
- Pay down to reach 80% LTV
- $0.00
Saved setups
Save a set of inputs you reuse — your usual rate, your loan, your room sizes — and load it back in one tap.
Your recent calculations
Results you calculate here are kept on this device so you can come back to them.
Formula
How to use it
- Enter the appraised value, or the purchase price if it is lower — lenders use the smaller of the two.
- Enter the current balance of your first mortgage.
- Add any second mortgage or home equity line to see combined LTV.
Worked examples
A $300,000 mortgage on a $400,000 home
- Loan-to-value
- 75%
- Combined LTV
- 75%
- Home equity
- $100,000.00
- Equity share
- 25%
- Pay down to reach 80% LTV
- $0.00
A $280,000 mortgage plus a $60,000 HELOC on a $500,000 home
- Loan-to-value
- 56%
- Combined LTV
- 68%
- Home equity
- $160,000.00
- Equity share
- 32%
- Pay down to reach 80% LTV
- $0.00
A $332,500 loan on a $350,000 home (5% down)
- Loan-to-value
- 95%
- Home equity
- $17,500.00
- Equity share
- 5%
- Pay down to reach 80% LTV
- $52,500.00
The thresholds lenders care about
80% is the main one: at or below it, conventional loans need no private mortgage insurance and rates are better. You can ask your servicer to cancel PMI once the balance reaches 80% of the home’s original value, and it must end automatically at 78%.
Conventional purchase loans go up to 97% LTV and FHA loans to 96.5%. Cash-out refinances and home equity loans are commonly capped at around 80% combined LTV, though limits vary by lender.
Questions people ask
What is the LTV on a $300,000 loan for a $400,000 house?
75%. You have $100,000 of equity, or 25% of the value.
How do I calculate LTV?
Divide the loan balance by the property value. $240,000 owed on a $300,000 home is 80%.
How much do I need to pay down to drop PMI?
Enough to reach 80% LTV. On a $350,000 home with a $332,500 loan (95% LTV) that is $52,500 of principal, through payments, a lump sum or a higher appraised value.