Loan-to-Value Calculator (LTV)
Loan-to-value calculator: mortgage amount as a percentage of the property value, plus the equity or down payment.
LTV = LV
How to use this calculator
- Choose the quantity you want under “Solve for”.
- Type the known values and pick their units: any combination works.
- The result updates as you type. Open “Show the steps” to see the substitution.
LTV = loan amount ÷ appraised property value. A lower LTV means less risk for the lender and usually a better rate.
In the US, conventional loans above 80 % LTV normally require private mortgage insurance (PMI).
Estimates for information only, not financial advice.
Formula
LTV = LV
| Symbol | Quantity | Units |
|---|---|---|
| L | Loan amount | $, €, £ |
| V | Property value | $, €, £ |
| LTV | Loan-to-value | %, × |
Worked example
Given: L = 240,000.00 $ · V = 300,000.00 $
LTV = LV
Result: LTV = 80 %
Frequently asked questions
What is the LTV of a $240,000 loan on a $300,000 home?
240,000 ÷ 300,000 = 80 %, with $60,000 of equity.