Calculate your loan-to-value ratio, equity, PMI requirement, and what LTV means for your mortgage options.
Good (70–80%)
| Loan Amount | $280,000 |
| Property Value | $350,000 |
| LTV Ratio | 80.0% |
| CLTV (all mortgages) | 80.0% |
| Equity | $70,000 |
| Equity % | 20.0% |
| PMI Required | No |
Instant delivery · No spam · Unsubscribe anytime
No spam, ever. We only email you about topics you care about. Unsubscribe anytime.
LTV = Loan Amount / Property Value × 100
CLTV = (1st Mortgage + 2nd Mortgage) / Value × 100
Equity = Property Value − Total Mortgages
LTV = Loan Amount / Property Value × 100. An 80% LTV means you borrowed 80% of the home's value and put 20% down. Lower LTV = less risk for lenders.
PMI is required when LTV exceeds 80% on conventional loans. Put 20% down (80% LTV) to avoid PMI. Once LTV reaches 78–80%, you can typically cancel PMI.
Combined LTV (CLTV) includes all mortgages on the property. A first mortgage of $160,000 + HELOC of $20,000 on a $200,000 home = 90% CLTV.
Conventional refinance: typically 80% LTV or less for best rates. Cash-out refinance: max 80% LTV. FHA refinance: up to 97.75% LTV. VA: up to 100% LTV.
Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.