Calculate combined loan-to-value ratio with multiple mortgages, HELOCs, and liens. Check lending eligibility, PMI thresholds, and equity position with property value scenarios.
The Combined Loan-to-Value (CLTV) ratio measures your total mortgage debt against your property's value, combining all liens — first mortgage, second mortgage, HELOCs, and any other secured loans. While LTV looks at just the first mortgage, CLTV gives lenders the complete picture of how leveraged your property is.
CLTV matters most when you're trying to take on additional debt. Want a HELOC? Most lenders cap CLTV at 85-90%. Refinancing? Conventional cash-out refi typically requires CLTV ≤ 80-85%. Even PMI removal considers your total debt load, not just the first mortgage. A homeowner with an 75% LTV who takes a HELOC might find their CLTV at 90%, limiting future borrowing options.
This calculator computes both LTV and CLTV, maps your position against common lending thresholds, and shows how property value changes would affect your eligibility. The equity composition bar visualizes exactly how your home's value is split between different debts and your ownership stake.
When you have multiple loans against your property — or are considering taking one — CLTV determines what lenders will approve. This calculator shows your exact position and which products you qualify for. Keep these notes focused on your operational context. Tie the context to the calculator’s intended domain. Use this clarification to avoid ambiguous interpretation.
LTV = First Mortgage Balance ÷ Property Value × 100 CLTV = (First Mortgage + Second Mortgage + HELOC + Other Liens) ÷ Property Value × 100 Equity = Property Value − Total Debt Equity % = Equity ÷ Property Value × 100 Max Additional Borrowing = Property Value × Max CLTV% − Total Current Debt
Result: LTV 66.7% — CLTV 77.8% — Equity $100,000 (22.2%)
LTV = $300,000 ÷ $450,000 = 66.7%. CLTV = ($300,000 + $50,000) ÷ $450,000 = 77.8%. Equity = $450,000 − $350,000 = $100,000 (22.2%). Eligible for most refinance products. Additional HELOC capacity at 90% CLTV = ($450,000 × 0.90) − $350,000 = $55,000.
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LTV (Loan-to-Value) considers only the first mortgage. CLTV (Combined Loan-to-Value) adds ALL mortgages, HELOCs, and liens. If your home is worth $400K with a $280K first mortgage and $40K HELOC: LTV = 70%, CLTV = 80%. Lenders use whichever is relevant to the decision — LTV for PMI, CLTV for additional lending.
Most lenders require CLTV ≤ 80-90% for a HELOC. Some banks go up to 90% for prime borrowers (720+ credit, low DTI). Credit unions sometimes allow 95-100% CLTV for their members. The lower your CLTV, the better rate you'll receive.
PMI is primarily based on LTV (first mortgage only). You can remove PMI when LTV drops to 80%. However, if you have a second mortgage or HELOC, some lenders may consider CLTV when refinancing to remove PMI.
Three ways: (1) Pay down mortgage principal faster, (2) Make extra payments on HELOCs/second mortgages, (3) Increase property value through strategic improvements. Home appreciation also helps — if your property value rises, CLTV drops automatically.
Conventional: 80% max CLTV. FHA: 80% (streamline has no CLTV cap). VA: 90-100% depending on lender. These are the new CLTV after the refi — the cash-out amount plus remaining balance must stay below the threshold.
Yes — this means you are "underwater" (you owe more than the property is worth). This can happen if property values decline. CLTV above 100% makes it very difficult to sell (you'd owe money at closing) or refinance. VA and some HARP-successor programs may still help at high CLTVs.