Calculate your loan-to-value ratio
Note: Calculators display default values. Enter new figures to override.
It’s critical that you enter correct information to obtain a useful estimate.
More about this calculator
How much your home is worth in current market conditions. If you’re not sure what your home’s current appraised value is, you can find out by looking at what comparable properties are selling for in the neighborhood.
The principal balance or payoff amount of your second mortgage.
The total amount of all liens on your property, including your third mortgage’s current principal balance or payoff amount.
Use your gross monthly income plus the amount of your down payment, interest rate, and other monthly expenses to estimate how much house you can afford.
What You Need to Know About Home Loan Basics
Before you apply for a mortgage, familiarize yourself with some basic terms related to home loans and the role of lenders.
Get to Know the Types of Mortgage Loans
Discover the various types of home loans available, including FHA, USDA, VA, fixed-rate, adjustable-rate, and others, to make the best decision for your needs.
FAQ
What is the formula for LTV ratio?
What is the LTV formula? An LTV ratio calculator will calculate your loan’s LTV ratio using the following formula: LTV= principal amount / market value of your property.
How do I work out my mortgage loan to value?
Calculating your LTV when remortgaging your house is easy. All you have to do is divide the remaining mortgage amount by the current value of your house, and then multiply the result by 100.
How do you calculate 80% LTV?
The amount of the mortgage divided by the property’s value is known as the loan-to-value ratio. It is expressed as a percentage. If you obtain a mortgage of $80,000 to purchase a $100,000 home, the loan-to-value ratio is 80% since you obtained a loan covering 80% of the $100,000 home’s worth.
Read More :
https://www.bankrate.com/mortgages/ltv-loan-to-value-ratio-calculator/
https://www.bankofamerica.com/mortgage/learn/how-to-calculate-home-equity/