Loan-to-Value (LTV) Calculator

How to use this calculator

Enter your loan amount, any second loan or HELOC, and the appraised value. The calculator returns your LTV and combined LTV, your equity in dollars and percent, and the largest loan you could draw at each common LTV cap.

What the metrics mean

• Loan-to-value (LTV) — loan amount divided by appraised value, as a percent.
• Combined LTV (CLTV) — all liens combined, divided by value.
• Equity — appraised value minus everything you owe on the property.
• Max loan — the largest loan a given LTV cap allows against the value.

Frequently asked questions

How do you calculate loan-to-value?

LTV = loan amount ÷ appraised value, expressed as a percent. A $240,000 loan on a $320,000 property is a 75% LTV.

What is combined LTV (CLTV)?

Combined LTV adds every lien — a first mortgage plus a second loan or HELOC — and divides the total by value. Lenders use CLTV to judge total leverage on the property.

What LTV do lenders allow?

It depends on the loan. Conventional financing on a rental often allows up to 80%, and many cash-out refinances cap near 75%. Going above 80% on a primary residence usually triggers mortgage insurance.

How is equity related to LTV?

Equity is value minus what you owe. The lower your LTV, the more equity you hold — at 75% LTV you have 25% equity in the property.

Tracking leverage across properties? dre1mery.com keeps LTV and equity current on every asset you own.