Home Equity & LTV Calculator
Equity is the part of your home you own outright: its value minus everything borrowed against it. Loan-to-value (LTV) expresses the same thing from the lender's side.
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Home equity$190,000.0038% of the home's value
- Strong equity under 80
- Limited equity 80-90
- Little or no equity 90+
- Loan-to-value (first mortgage)
- 56%
- Combined loan-to-value
- 62%
- Borrowable up to 80% combined LTV
- $90,000.00
How the Home Equity & LTV calculation works
Equity = home value - loan balances; LTV = loan balance / home value
A $500,000 home with a $280,000 mortgage and a $30,000 second loan has $190,000 of equity. The first mortgage is 56% LTV and the combined figure is 62%. Up to an 80% combined limit, another $90,000 could be borrowed.
Frequently asked questions
How do I calculate home equity?
Subtract every loan secured on the home from its current market value. $500,000 minus $310,000 of loans is $190,000.
What is the difference between LTV and CLTV?
LTV counts the first mortgage only. Combined LTV adds second mortgages and home equity lines. Lenders use the combined figure when you apply to borrow more against the home.
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