What is Loan-to-Value (LTV) Ratio Calculator
The Loan-to-Value (LTV) Ratio Calculator is a financial tool that measures the relationship between the loan amount and the appraised value of a property. Expressed as a percentage, the LTV ratio is a critical factor lenders use to evaluate mortgage applications, refinancing requests, and home equity loans. A lower LTV means you have more equity and are considered less risky to lenders, while a higher LTV may require mortgage insurance or lead to higher interest rates.
This calculator is especially useful for homebuyers, homeowners planning to refinance, or anyone considering a second mortgage or home equity line of credit (HELOC). By knowing your LTV ratio, you gain clarity on how much you can borrow, what loan products you may qualify for, and whether you need to take steps to improve your equity position.