Home Down Payment Percentage Calculator
Loan-to-value (LTV) ratio is a key number lenders use to assess risk on mortgages, refinances, and home equity loans. Enter your loan amount and property value below to calculate your LTV ratio instantly.
About this calculator
Calculate your loan-to-value (LTV) ratio by comparing your loan amount to your property's appraised value or purchase price.
Frequently Asked Questions
What is a good LTV ratio?
Most lenders prefer an LTV of 80% or lower, as this typically avoids private mortgage insurance (PMI) requirements and can qualify borrowers for better interest rates.
How is LTV different from combined LTV (CLTV)?
LTV considers only the primary loan against the property value, while CLTV factors in all loans secured by the property, including home equity loans or lines of credit.
Why does LTV matter for refinancing?
Lenders use LTV to determine refinance eligibility, interest rates, and whether mortgage insurance will be required on the new loan.