Loan-to-Value Calculation (LTV)

Enter the estimated market value of your home: see market values page $
Enter the amount that you still owe on your home plus any 2nd or 3rd mortgages, if any: $
 *
Percent LTV % Market Value Total Amount
You Can Borrow
70% LTV
80% LTV
90% LTV
100% LTV

   
  * Calculations are based upon the assumptions you entered. Please note that rounding errors can make a small difference in calculations. Your actual mortgage lending rate may vary depending on your credit quality and lender. The circumstances surrounding your credit and loan qualifications may result in different calculations.
 

LTV stands for: Loan-to-Value

Banks and other lenders will extend credit based upon a percentage of the estimated market value of your home.

That percentage of market value minus the amount you owe on your first mortgage (plus any 2nd or 3rd mortgages that you may have) becomes the maximum amount of credit that lenders will give you.

For Example:
Let's say that your home has an estimated market value of $300,000. The amount you still own on your first (and second) mortgage is $100,000. At 80% LTV, your borrowing amout will be calculated as follows:

  1. 80% of market value ($300,000) = $240,000
  2. LTV value ($240,000) minus amount owed ($100,000) = $140,000
  3. The maximum borrowing amount at 80%LTV = $140,000
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