This calculator helps you understand your loan-to-value ratio, a crucial metric used by lenders to assess mortgage risk. A lower LTV ratio typically results in better loan terms and increased chances of approval.
The Loan-to-Value (LTV) ratio is a lending risk assessment metric that lenders examine before approving a mortgage. A higher LTV ratio suggests higher risk for the lender, while a lower ratio typically results in better loan terms for the borrower.
Enter Property Value
Input the current market value or purchase price of your property
Input Loan Amount
Enter your primary mortgage amount (the loan you're applying for or currently have)
Add Second Mortgage (if applicable)
Include any second mortgages or home equity loans to calculate combined LTV