Loan-to-Value Ratio (LTV)
Loan-to-value ratio is your loan amount divided by the home's value, as a percentage. A $320,000 loan on a $400,000 home is 80% LTV. Lenders watch it closely: a lower LTV means less risk, better rates, and — at 80% or below — no private mortgage insurance.
LTV falls as you pay down principal and as the home appreciates. Crossing below 80% is what lets you drop PMI, and it's central to how much equity you can tap in a refinance or home equity loan.
Put it to work
Mortgage Calculator
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Home Affordability Calculator
How much house can you afford? Get a realistic max price from your income, debts, and down payment using the 28/36 rules lenders actually apply.
Mortgage Refinance Calculator
Should you refinance? Compare payments, find your break-even month on closing costs, and see the honest lifetime cost — including the term-reset trap.