Home Equity and LTV Calculator
Equity, loan-to-value, and the principal that reaches a target you name.
Result
Equity: $47,000.00
This is arithmetic on the value and balances you entered. It does not say a lender will remove mortgage insurance at any figure, or that a valuation will agree with yours.
- Loan-to-value
- 82.03%
- Combined loan-to-value
- 86.38%
- Balance at your target
- $276,000.00
- Principal still to pay to reach it
- $22,000.00Estimate
https://calcgallery.com/home-buying/home-equity-calculator/
Results are arithmetic from the figures you enter, not legal, tax, lending or settlement advice. Fees vary by state, lender and negotiation, and the site quotes none of them. Check your Loan Estimate, Closing Disclosure or settlement statement for the real numbers. Read the full disclaimer
How to use the Home Equity and LTV Calculator
- Enter what the property is worth and what you still owe on the first mortgage.
- Add any second lien or HELOC balance.
- Set the loan-to-value you are aiming at.
Three numbers from two
equity = value − every balance secured on the propertyLTV = first mortgage ÷ valueCLTV = all balances ÷ valueEquity is what the property would leave you if it sold for the value you entered and nothing else changed. LTV and CLTV express the same relationship from the lender’s side.
Why the target is yours to enter
Eighty per cent appears constantly in conversation about mortgages, and it is a real threshold in several contexts. It is not a rule this site is in a position to state, because what follows from reaching it depends on the loan you signed, who services it now, and requirements that differ between products.
So the page takes the figure from you and answers the arithmetic: what balance corresponds to it, and how much principal still separates you from it. What that then entitles you to is a question for your servicer.
Value is the soft number here
Everything on this page rests on a value that is an opinion until somebody appraises it. Two estimates of the same house can differ by ten per cent, which moves LTV by several points and can move the principal-to-target figure by tens of thousands. Treat the result as a calculation on your assumption, not a measurement.
With your numbers
- Equity = $345,000.00 − balances = $47,000.00
- Loan-to-value = 82.03%, combined 86.38%
- At a 80% target the balance is $276,000.00, so $22,000.00 of principal remains
Quick reference
This is arithmetic on the value and balances you entered. It does not say a lender will remove mortgage insurance at any figure, or that a valuation will agree with yours.
| Example | Equity |
|---|---|
| Above an 80% target | $47,000.00 |
| No second lien | $62,000.00 |
| Already below the target | $152,000.00 |
| Fresh purchase at 80% | $64,000.00 |
| Underwater | -€15,000.00 |
| A 75% target | €84,000.00 |
Common questions about the Home Equity and LTV Calculator
- Will my lender drop mortgage insurance at 80%?
- This page does not say, because entitlement depends on your loan, your servicer and rules this site will not assert. It tells you what balance corresponds to the figure you entered, which is the arithmetic part of that question.
- What is the difference between LTV and CLTV?
- LTV uses the first mortgage alone. CLTV adds every loan secured on the property, so a HELOC counts even if you have not drawn on it in a while. Lenders usually care about both.
- What value should I use?
- Whatever you can defend. A recent appraisal is strongest, a broker estimate is weaker, and an online estimate is weakest. Nobody is obliged to agree with your figure, and this site supplies none.
- My equity is negative.
- Then the balances exceed the value you entered, and the page reports that rather than hiding it. It is worth checking the value you used before drawing conclusions from it.
- Why does it say zero principal when I am already below the target?
- Because none is needed. A negative figure under that label would be meaningless, so it stops at zero.