Question
What is CLTV?
CLTV stands for combined loan-to-value. It compares the total of all home loans against the current property value.
Financial
Use OmniCalc's home equity loan calculator to estimate how much equity you may be able to borrow with a fixed-term second loan, plus the likely payment burden.
Home equity loan calculator
Use your home value, current mortgage balance, lender CLTV limit, interest rate, and term to estimate how much equity you may be able to borrow with a fixed home equity loan.
Why this result matters
A homeowner-borrowing planner focused on fixed home equity loan sizing, combined LTV, and payment burden rather than refinancing or revolving HELOC behavior. Use the tool above to enter a few clear inputs and get a practical answer you can use right away.
This home equity loan calculator estimates tappable equity, maximum borrowing under a CLTV limit, combined loan-to-value, monthly payment, and total interest. It stays distinct from refinance and HELOC pages by focusing on a fixed second-lien loan instead of replacing the first mortgage or modeling a revolving credit line.
Formula and method
The calculator multiplies home value by a combined loan-to-value limit, subtracts the current mortgage balance to estimate available second-lien borrowing, and then models that amount as a fixed loan payment over the selected term.
Example
If a homeowner knows the current property value, remaining mortgage balance, and lender CLTV cap, the calculator helps estimate how much may be borrowable and what the extra monthly payment could look like.
FAQ
Short answers to the questions people often ask before or after using the tool.
Question
CLTV stands for combined loan-to-value. It compares the total of all home loans against the current property value.
Question
This page models a fixed home equity loan with a defined payment and term. A HELOC behaves more like a revolving line of credit and needs different draw and repayment assumptions.
Question
No. Lender rules, appraisal results, income verification, credit, fees, and property type can all reduce the actual amount available.
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