Quick & Easy HCLTV Calculator
This HCLTV calculator quickly and easily calculates high combined loan-to-value (HCLTV). Select the values below, then click the 'Calculate' button.
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Welcome! You’ve found one of the best HCLTV calculators online. Use our calculator to quickly and easily calculate the home equity combined loan-to-value of a primary mortgage and a HELOC.
Table of Contents
How to Use our HCLTV Calculator
Our quick and easy HCLTV calculator is free to use and calculates home equity combined loan-to-value (HCLTV) in just two steps.
Simply select the property value, mortgage balances, and available credit, then click the “Calculate” button to continue.
Step 1: Select Property Value, Mortgage Balances, and Available Credit
Home equity combined loan-to-value takes into account how much you owe on all mortgages attached to your home, plus any available credit on your home equity line of credit (HELOC).
This metric is an important metric for conventional, FHA, and VA mortgage financing because it helps mortgage lenders evaluate risk. Homeowners with multiple mortgages and little or no home equity are usually considered a higher risk than homeowners with a single mortgage and lots of home equity.
You’ll notice that the first page of our HCLTV loan calculator has sliders for property value, two mortgage balances, and a slider for second mortgage available credit. HCLTV represents the percentage of your home’s value that you owe on two or more mortgages (though few people have more than two mortgages) plus the available credit on your HELOC.
To use our HCLTV calculator, simply select the appropriate values on the first page, then click the “Calculate” button to continue.
Step 2: Calculation Results
The HCLTV calculator results will display when the second page loads. You’ll notice that the displayed values include the property value and mortgage amounts you selected on page one along with the loan-to-value of your primary mortgage, combined loan-to-value of all mortgage balances, and the home equity combined loan-to-value, which accounts for the available credit on your HELOC.
If you’d like to read more about how home equity combined loan-to-value works, check out our more in-depth article on the subject here.
Frequently Asked Questions
What is the HCLTV formula?
Calculating HCLTV is easy. Here’s the formula: ( [total mortgage balances + available HELOC credit] / [home value] ) * 100 = HCLTV percentage. If you don’t want to bother with calculating this yourself, feel free to use the simple HCLTV calculator we have on this web page.
What does HCLTV stand for in banking?
HCLTV, which stands for home equity combined loan-to-value, takes into account all mortgage balances plus any available credit on a home equity line of credit (HELOC). HCLTV helps determine the risk of lending to you because it measures how leveraged the property already is (based on existing mortgage balances) and how leveraged it could potentially be (based on remaining HELOC credit). More leverage means less equity, which equals more risk for the lender.
What is HCLTV ratio?
HCLTV, which stands for home equity loan-to-value, is the percentage of your home’s value that you owe on all mortgages plus any available credit on a home equity line of credit (HELOC). For example, if your home is worth $100,000 and you owe $50,000 on a mortgage and HELOC and still have another $25,000 in available credit on your HELOC, your HCLTV would be 75%. In other words, the combined balances plus the available credit add up to 75% of the value of the home.
What is HCLTV mortgage?
HCLTV, which stands for home equity loan-to-value, is the percentage of your home’s value that you owe on all mortgages plus any available credit on a home equity line of credit (HELOC). For example, if your home is worth $200,000 and you owe $100,000 on a mortgage and HELOC and still have another $50,000 in available credit on your HELOC, your HCLTV would be 75%. In other words, the combined balances plus the available credit add up to 75% of the value of the home.
What is a HCLTV calculator?
An HCLTV calculator provides an easy way to calculate HCLTV, which stands for home equity loan-to-value. Home equity combined loan-to-value takes into account how much you owe on all mortgages attached to your home, plus any available credit on your home equity line of credit (HELOC).
