DSCR second-mortgage combined CLTV calculator
Compare your current and proposed total mortgage debt and estimate a monthly payment budget for a new second mortgage. Total loan-to-value compares the mortgage debt with your estimated property value.
Build your rental-equity map before you submit.
Enter your property value, existing loans, requested new loan, rent and property expenses. See the estimated total loan-to-value and monthly payment budget for a new second mortgage.
Payment budget estimates what could remain for a new monthly loan payment after the first mortgage, any retained lien payment, taxes, insurance and HOA. At 1.00x, rent equals total monthly housing obligations; at 1.15x, rent must cover 115% of those obligations. This planning tool does not quote a rate, loan payment, approval or cash available to you.
Starting figures are an illustration, not your property or an offer. Replace them with your estimates. A retained HELOC may affect lien priority even with a zero balance.
Payment room estimates the rent remaining for a new loan payment after the entered first-mortgage payment, taxes, insurance, HOA and any lien staying open. The 1.00x figure uses rent dollar for dollar; 1.15x adds a rent-coverage cushion. It is not an approved payment, quoted payment or available loan amount.