How to Use the Move-In Balance Mortgage Calculator
When your closing date approaches, you need to cover whatever balance remains after your earnest money and deposits — and most buyers turn to a mortgage to cover that gap. Knowing how much you can actually borrow ahead of time makes it much easier to plan your finances. This calculator compares two numbers — your home price multiplied by the LTV (loan-to-value) limit, and the actual balance still owed after subtracting what you've already paid — and uses whichever is smaller as your available mortgage amount.
For example, if a $400,000 home already has $80,000 paid toward it, the remaining balance is $320,000. With an 80% LTV limit, the mortgage limit would be $320,000, exactly covering the balance. If the LTV limit were lower, the gap between the limit and the balance would need to come from savings or another loan.
Monthly interest here is estimated as an interest-only payment: the mortgage amount times the annual rate, divided by 12. Many lenders instead use a fully amortizing schedule with principal included, so your actual monthly payment may be higher — treat this as a planning estimate and confirm exact terms with your lender.
Frequently Asked Questions
We take the smaller of two numbers: your home price times the LTV limit, or the actual balance still owed after subtracting what you've already paid. That smaller figure is your available mortgage amount.
You'll need to cover the shortfall with personal savings or another loan, such as a personal loan. It's best to plan for this gap well before your closing date.