LTV Calculator: Loan-to-Value Ratio for Real Estate
Calculate loan-to-value (LTV) ratio for investment properties. Understand lender LTV limits, equity requirements, and PMI thresholds.
What Is Loan-to-Value Ratio?
Loan-to-value (LTV) ratio compares the loan amount to the property's appraised value or purchase price — whichever is lower. It is a primary factor lenders use to assess risk: higher LTV means less borrower equity and more lender exposure.
An $80,000 loan on a $100,000 property is an 80% LTV. You have 20% equity in the deal.
Why LTV Matters
LTV affects your interest rate, loan approval odds, and whether you need private mortgage insurance (PMI). Investment property loans typically cap at 75–80% LTV for conventional financing, and 70–75% for many DSCR products.
Combined LTV (CLTV)
If you have a first mortgage and a home equity line or second lien, lenders look at combined LTV — total debt against the property value. CLTV limits are often stricter than first-lien LTV alone.
Calculate Your LTV
Enter your loan amount and property value in our LTV calculator for an instant ratio with interpretation. Knowing your LTV before applying helps you shop the right loan products and negotiate from a position of strength.