Loan-to-Value Calculator

LTV is your first mortgage balance divided by the property's appraised value, expressed as a percent. For example, a $320,000 first mortgage on a $400,000 home is 320,000 / 400,000, or an 80% LTV. A lower LTV means more equity and usually better loan terms.

LTV counts only the first (senior) lien against the appraised value. CLTV adds every junior lien, such as a second mortgage, home equity loan, or HELOC balance, then divides the total by the value. If you have only one mortgage, CLTV equals LTV. Lenders cap most cash-out and HELOC programs near 80% to 90% CLTV.

For many covered conventional loans, the Homeowners Protection Act allows a written cancellation request at 80% of original value and requires scheduled automatic termination at 78% when the loan is current. The statutory rules have additional conditions and exemptions. This calculator's 80% and 78% flags are arithmetic reference lines, not a PMI-eligibility decision.

For a purchase, lenders generally base origination LTV on the lower of the purchase price or appraisal. For a refinance, use the current appraised value. Federal timing for PMI cancellation under the Homeowners Protection Act is based on original value, not a new appraisal, although a servicer or investor may have separate rules. Use the value that matches the decision you are checking.

Multiply the value you entered by 0.80 to get the loan balance that equals 80% LTV, then subtract that from your current first mortgage balance. This calculator shows that paydown amount directly. A PMI cancellation request depends on the loan's covered rules and other servicer conditions, not this calculation alone.

No. It is an estimate to help you understand LTV, CLTV, and PMI thresholds, not financial, lending, or tax advice. Exact PMI rules, cancellation requirements, and CLTV limits vary by lender, loan program, and your payment history, so confirm the specifics with your loan servicer.