Calculator
Debt Consolidation Calculator
See how much you could save by consolidating your debts.
1
LTV Check
2
Input Debts
3
Consolidation
4
Summary
Step 1: LTV (Loan-to-Value) Check
First, let's check if you have enough equity. You'll need at least 20% equity to proceed with refinancing.
Enter Your Property Details
This should be the current market value of your property
The amount you still owe on your mortgage
Your LTV
75.00%
Your Equity
$100,000.00
Available for Refinancing
$20,000.00
Great news!
Your LTV of 75.00% is below the 80% maximum. You can access $20,000.00 for debt consolidation.
What is LTV?
LTV (Loan-to-Value) ratio is your mortgage balance divided by your home's value. Most lenders require an LTV of 80% or less for refinancing, meaning you need at least 20% equity in your home.