# Loan-to-Value Calculator

Your loan-to-value ratio can help determine whether you'll qualify to purchase a home, refinance or borrow against your home equity.
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The loan-to-value ratio measures the amount of the mortgage relative to the value of the property. LTV is one of the factors lenders use to evaluate mortgage borrowers. LTV requirements vary based on loan type, but in general a lower LTV could help you get quoted a lower mortgage rate. LTV is generally expressed as a percentage.

» MORE: What is LTV?

## How do I calculate my LTV?

Loan-to-value ratio is derived from the loan amount divided by the value of the property. LTV is usually expressed as a percentage, so you have to multiply your answer by 100 to get the LTV.

For example, say you're looking to buy a \$350,000 home, and you've got \$28,000 for a down payment. Subtract the down payment amount from the cost of the home to get the loan amount: \$350,000 - \$28,000 = \$322,000.

Now, divide the loan amount by the cost: \$322,000 / \$350,000 = 0.92

Multiply by 100 to get the LTV, which is 92%.

Or you can use our LTV calculator and simply plug in your numbers, no math required.

» Buying a car? Here's how LTV works for vehicle purchases

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