Loan-to-Value (LTV) Ratio Calculator
The Loan-to-Value (LTV) ratio is a financial metric used by lenders to assess the risk associated with a mortgage loan. It compares the amount of the loan to the appraised value of the property. A lower LTV ratio generally indicates a lower risk for the lender, which can sometimes translate to better interest rates or terms for the borrower.
Loan Amount ($):
Property Appraised Value ($):
Calculate LTV
function calculateLTV() {
var loanAmount = parseFloat(document.getElementById("loanAmount").value);
var propertyValue = parseFloat(document.getElementById("propertyValue").value);
var resultDiv = document.getElementById("result");
if (isNaN(loanAmount) || isNaN(propertyValue) || propertyValue propertyValue) {
resultDiv.innerHTML = "Loan amount cannot be greater than the property appraised value.";
return;
}
var ltv = (loanAmount / propertyValue) * 100;
resultDiv.innerHTML = "Your Loan-to-Value (LTV) Ratio is: " + ltv.toFixed(2) + "%";
}
#loan-to-value-calculator {
font-family: sans-serif;
max-width: 500px;
margin: 20px auto;
padding: 20px;
border: 1px solid #ccc;
border-radius: 8px;
}
.form-group {
margin-bottom: 15px;
}
.form-group label {
display: block;
margin-bottom: 5px;
font-weight: bold;
}
.form-group input {
width: calc(100% – 12px);
padding: 8px;
border: 1px solid #ccc;
border-radius: 4px;
}
#loan-to-value-calculator button {
padding: 10px 15px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 16px;
}
#loan-to-value-calculator button:hover {
background-color: #0056b3;
}