Loan-to-Value Calculator

LTV is your first mortgage balance divided by the property's appraised value, expressed as a percent. For example, a $320,000 first mortgage on a $400,000 home is 320,000 / 400,000, or an 80% LTV. A lower LTV means more equity and usually better loan terms.

LTV counts only the first (senior) lien against the appraised value. CLTV adds every junior lien, such as a second mortgage, home equity loan, or HELOC balance, then divides the total by the value. If you have only one mortgage, CLTV equals LTV. Lenders cap most cash-out and HELOC programs near 80% to 90% CLTV.

On a conventional loan, PMI is generally required while your LTV is above 80%. Under the Homeowners Protection Act, you can request cancellation once LTV reaches 80% of the original value, and the servicer must automatically terminate PMI when LTV reaches 78% on the scheduled date. This calculator flags both thresholds against your first-lien LTV.

Lenders base LTV on the lower of the purchase price or the appraisal at origination. For a refinance or to check whether you can drop PMI, use a current appraised value, since rising home values can lower your LTV even before you pay down principal. Enter whichever value matches the decision you are making.

Multiply your appraised value by 0.80 to get the loan balance that equals an 80% LTV, then subtract that from your current first mortgage balance. This calculator shows that paydown amount directly. Reaching 80% lets you request PMI cancellation on a conventional loan.

No. It is an estimate to help you understand LTV, CLTV, and PMI thresholds, not financial, lending, or tax advice. Exact PMI rules, cancellation requirements, and CLTV limits vary by lender, loan program, and your payment history, so confirm the specifics with your loan servicer.