The Loan to Value (LTV) ratio is a critical metric used by lenders to assess the risk of a mortgage. This calculator helps you determine your LTV by comparing your loan amount to the property's appraised value, helping you identify if you'll need Private Mortgage Insurance (PMI).
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Loan to Value (LTV) Calculator
Calculate your LTV ratio to understand mortgage requirements, equity, and PMI thresholds.
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Loan Details
How LTV Works
LTV ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased.
Formula
LTV = (Loan Amount / Appraised Value) × 100
LTV Analysis
Moderate
Loan-to-Value Ratio
80.00%
RATIO
Equity vs Loan20.0% Equity
Loan Amount$400,000
Equity$100,000
PMI Threshold
Lenders typically require Private Mortgage Insurance (PMI) if your LTV is above 80%.
Best Rates
An LTV of 75% or lower usually qualifies you for the best mortgage interest rates.
Mortgage Refinance Tip
Thinking about refinancing? Most lenders require an LTV of 80% or less for a standard refinance without adding PMI. Check your current home value regularly.
About Calculate Your Loan to Value Ratio
1
Loan Amount
Enter the total amount of money you are borrowing for the mortgage.
2
Property Value
Input the appraised value or purchase price of the home.
3
Review Results
Verify the output looks correct before using or downloading it.
4
Save Your Output
Click the download or copy button to export your results to your device or clipboard.
Key Features
PMI Thresholds
Instantly see if your LTV is above the 80% threshold for PMI.
Risk Assessment
Understand how lenders view your loan's risk level based on your equity.
Equity Tracking
Calculate exactly how much equity you have in your property.
Frequently Asked Questions
An LTV of 80% or lower is generally considered good and typically eliminates the need for PMI.
You can lower your LTV by making a larger down payment or by choosing a less expensive property.
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