Debt Consolidation Calculator

1
LTV Check
2
Input Debts
3
Consolidation
4
Allocation
5
Results
6
Summary

Available Home Equity

To explore refinancing options, you must have a minimum 20% equity position in your home.

Enter Your Property Details

This should be the current market value of your property

The amount you still owe on your mortgage

Your LTV Ratio

0.0%

Home Equity

$100,000

Available for Refinancing

$20,000

❌

Insufficient equity for refinancing

Your LTV of 0.0% exceeds the 80% maximum. You need at least 20% equity ($80,000) to refinance.

Understanding LTV

Loan-to-Value (LTV) ratio is calculated as: (Mortgage Balance ÷ Home Value) × 100

  • • LTV ≤ 80%: Eligible for refinancing and debt consolidation
  • • LTV > 80%: May need to pay down mortgage or wait for home value appreciation
  • • Lower LTV = More refinancing options and better rates