{
    "name": "Loan-to-Value Calculator",
    "url": "https://calculators.geekmidst.com/calculators/loan-to-value-calculator",
    "markdown": "https://calculators.geekmidst.com/calculators/loan-to-value-calculator.md",
    "category": "Real estate",
    "description": "Find your loan-to-value and combined LTV ratio, your equity, and the largest loan that fits a target LTV such as 80%.",
    "summary": "Loan-to-value (LTV) is the mortgage as a percentage of the property’s value. Lenders use it to set rates, deposits and mortgage insurance, usually on the lower of the price and the appraisal.",
    "also_called": [
        "LTV calculator",
        "LTV ratio calculator"
    ],
    "applies_to": "Worldwide",
    "last_updated": "2026-10-29",
    "computation": "Results are computed in the visitor’s browser on the HTML page. This API describes the calculator; it does not compute results.",
    "inputs": [
        {
            "name": "value",
            "label": "Appraised value",
            "type": "number",
            "default": "420000"
        },
        {
            "name": "price",
            "label": "Purchase price (if buying)",
            "type": "number",
            "default": "400000",
            "optional": true
        },
        {
            "name": "loan",
            "label": "Loan amount",
            "type": "number",
            "default": "340000"
        },
        {
            "name": "second_loan",
            "label": "Other loans secured on the property",
            "type": "number",
            "default": "0",
            "optional": true
        },
        {
            "name": "target_ltv",
            "label": "Target LTV",
            "type": "number",
            "default": "80",
            "unit": "%"
        },
        {
            "name": "currency",
            "label": "Currency",
            "type": "currency",
            "default": "USD"
        }
    ],
    "outputs": [
        {
            "key": "ltv",
            "label": "Loan-to-value",
            "format": "percent"
        },
        {
            "key": "cltv",
            "label": "Combined LTV (all loans)",
            "format": "percent"
        },
        {
            "key": "basis",
            "label": "Value used",
            "format": "currency"
        },
        {
            "key": "equity",
            "label": "Your equity",
            "format": "currency"
        },
        {
            "key": "max_loan",
            "label": "Largest loan at the target LTV",
            "format": "currency"
        },
        {
            "key": "headroom",
            "label": "Room under the target (negative = reduce the loan by)",
            "format": "currency"
        }
    ],
    "formula": {
        "text": "Value used = min(Price, Appraisal);  LTV = Loan ÷ Value × 100;  CLTV = (Loan + Other loans) ÷ Value × 100;  Max loan = Value × Target LTV",
        "variables": {
            "Loan": "the first mortgage",
            "Other loans": "second charges, home-equity loans or lines secured on the same property"
        }
    },
    "worked_example": {
        "inputs": {
            "value": "420000",
            "price": "400000",
            "loan": "340000",
            "second_loan": "0",
            "target_ltv": "80",
            "currency": "USD"
        },
        "steps": [
            "Value used = lower of $400,000 and $420,000 = $400,000.",
            "LTV = 340,000 ÷ 400,000 = 85%.",
            "At 80%, the largest loan is $320,000, so borrow $20,000 less to reach it."
        ],
        "result": "A $340,000 loan on a $400,000 purchase is an 85% LTV; an extra $20,000 deposit would bring it to 80%."
    },
    "interpretation": "Lower LTV generally means a cheaper rate and less risk of negative equity. Lenders price in bands, so check whether a small extra deposit moves you below a threshold.",
    "assumptions": [
        "The value used is the lower of the purchase price and appraisal when both are entered, which is common lender practice."
    ],
    "limitations": [
        "LTV thresholds, insurance requirements and maximums vary by lender, product and country; enter the target that applies to you."
    ],
    "rules": null,
    "faqs": [
        {
            "question": "What is the difference between LTV and CLTV?",
            "answer": "LTV counts only the first mortgage. Combined LTV adds every loan secured on the property, such as a home-equity line."
        },
        {
            "question": "Why does the lender use the lower of price and appraisal?",
            "answer": "Lenders lend against what they can be confident the property is worth. Paying above the appraisal means you fund the gap yourself."
        }
    ],
    "sources": [],
    "related": [
        {
            "name": "Mortgage Calculator",
            "url": "https://calculators.geekmidst.com/calculators/mortgage-calculator"
        },
        {
            "name": "Closing Cost Estimate Calculator",
            "url": "https://calculators.geekmidst.com/calculators/closing-cost-estimate-calculator"
        },
        {
            "name": "Debt Service Coverage Ratio Calculator",
            "url": "https://calculators.geekmidst.com/calculators/debt-service-coverage-ratio-calculator"
        },
        {
            "name": "Percentage Calculator",
            "url": "https://calculators.geekmidst.com/calculators/percentage-calculator"
        }
    ],
    "disclaimer": "This calculator gives estimates for planning. It is not financial advice, and lenders’ actual terms, fees and rounding may differ.",
    "publisher": "GM¹X CalcVerse"
}