Calculateur de Ratio Prêt-Valeur
Calculez le ratio prêt-valeur de votre hypothèque.
Loan-to-Value Ratio
80.00%
Loan-to-Value Ratio vs Loan Amount
Formule
## Loan-to-Value Ratio Explained LTV measures how much of the property value is financed, and is a key factor in lending decisions. ### Formula **LTV = (Loan Amount / Appraised Value) x 100** ### LTV Thresholds - Below 80%: Typically no PMI required - 80-95%: PMI usually required for conventional loans - Above 95%: Higher-risk territory, limited loan options - Above 100%: Underwater (owe more than property is worth)
Exemple Résolu
A borrower has a $280,000 loan on a property appraised at $350,000.
- 01LTV = $280,000 / $350,000 = 0.80
- 02LTV = 80.00%
- 03Equity percentage: 100% - 80% = 20.00%
- 04Equity amount: $350,000 - $280,000 = $70,000
- 05At 80% LTV, PMI is typically not required
Questions Fréquentes
What LTV do I need to avoid PMI?
Most conventional lenders require 80% LTV or below to waive private mortgage insurance (PMI). This corresponds to a 20% or larger down payment.
Can LTV exceed 100%?
Yes. When you owe more than the property is worth, the LTV exceeds 100% and you are underwater or upside down. This can happen when property values decline after purchase.
Does LTV affect my interest rate?
Yes. A lower LTV generally qualifies you for better interest rates because the lender has more collateral relative to the loan. Higher LTV means more risk and typically a higher rate.