About Loan-to-Value (LTV & CLTV) Calculator
Mortgage underwriting and refinancing equity analyzer. Computes Loan-to-Value (LTV) and Combined Loan-to-Value (CLTV) ratios across first mortgages and second liens (HELOC). Details borrower equity, Private Mortgage Insurance (PMI) thresholds, and Homeowners Protection Act cancellation targets.
Key Capabilities & Features
- Dual metric calculation: Primary Loan-to-Value (LTV) and Combined Loan-to-Value (CLTV) with second liens
- Homeowner equity dollar amount and percentage readouts
- Homeowners Protection Act (HPA) milestones: 80% borrower request balance and 78% automatic cancellation target
- Risk tier classification: Low Risk (<80%), Moderate Risk (80-90%), High Risk (90-95%), and Extreme (>95%)
- Refinance cash-out equity limit evaluations
How to Use Loan-to-Value (LTV & CLTV) Calculator
Enter Property Appraised Value
Input current market valuation or purchase contract price.
Enter First Mortgage Balance
Provide the outstanding balance or requested primary loan amount.
Include Secondary Liens (Optional)
Add any home equity loans or HELOC credit line balances to compute CLTV.
Evaluate LTV & PMI Status
Check whether your loan falls above the 80% threshold requiring private mortgage insurance.
Privacy & In-Browser Execution Guarantee
100% Client-Side. Valuation and mortgage balance data are processed purely on your device.
Frequently Asked Questions
What is the difference between LTV and CLTV?
LTV only considers the primary first mortgage balance relative to property value, whereas CLTV (Combined Loan-to-Value) sums all secured liens on the property (first mortgage + second mortgage + HELOC).
How do I cancel Private Mortgage Insurance (PMI)?
By federal law, you can request PMI cancellation when your loan balance reaches 80% of original value, and your lender must automatically cancel it when it reaches 78%.