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CLTV Calculator: Home Equity
CLTV is all mortgage debt divided by home value. A lower first mortgage or higher home value leaves more usable equity; lenders often cap CLTV at 80 to 90 percent.
--Max total loan · $
--Available equity · $
--Current LTV · %
Estimates only; verify on site before ordering or building.
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Example
| Item | Value | Unit |
|---|---|---|
| Home value | 500000 | $ |
| First mortgage | 300000 | $ |
| Target CLTV | 85 | % |
| Max total loan | 425000 | $ |
| Available equity | 125000 | $ |
| Current LTV | 60 | % |
Where people go wrong
- Confusing LTV and CLTV.
- Using the purchase price instead of the current value.
- Forgetting that other property debt can count toward CLTV.
FAQ
How much can I borrow at 80 percent CLTV?
Home value times 80 percent minus the first mortgage; a negative result means no room.
Can the value change?
Yes; lenders may use an appraisal or AVM, which may differ from an online estimate.