Use this calculator to find out the loan to value ratio of your home. Whether you’re wondering if you have enough equity to qualify for the best rates, or you’re concerned that you’re too far upside-down to refinance under the home affordable refinancing plan, the loan-to-value ratio is important.
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Some lenders calculate the loan-to-value ratio based on the agreed purchase price instead of the appraised value. For example, if you agree to purchase a property for $100,000, a lender might offer you a 70% LTV ratio, meaning the loan size would be $70,000.
Loan to Value (LTV) Calculator. It is expressed as a percentage. So, for example, if a lender offers a mortgage deal which has a maximum 80% LTV, that means they will lend you up to 80% of the property value. Mortgage LTVs typically range from 50% up to 95%.
Subtract the amount of your down payment from the value. For instance, suppose you want to purchase a home valued at $135,000 and you plan to pay 20 percent of the loan amount, or $27,000, as a down payment. $135,000 minus $27,000 is $108,000.
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You can use this Loan to Value Calculator to calculate the loan-to-value (LTV) and cumulative loan-to-value (CLTV) ratios for your property. To calculate your LTV rate, simply: Choose the right currency (if needed) Input an estimate of your property value; Key in the amount owed on your mortgage(s) Press "Calculate LTV" to see the results.
To calculate the LTV ratio you just need to divide the amount of the loan by the apprised value of the property. Example: A home is appraised for $200,000, you have a 10% down payment ($20,000) you will need a mortgage loan for $180,000.
Loan to Value Ratio Definition. The Loan to Value Ratio Calculator is a financial calculator that will instantly calculate the loan to value (LTV) ratio of any property if you enter in the mortgage amount and the property value. The loan to value calculation is an important financial calculation that is done by homeowners.