What must the appraised value be to meet the desired CLTV?

Determining required appraised value

To calculate the appraised value needed, add the balance of the first lien and the new lien's full line/loan amount. Then, divide the total by the CLTV %, and you’ll have your desired appraised value.

EX: $200,000 (balance on first) + $200,000 (full second lien) = $400,000                          $400,000 divided by .80 (desired CLTV is 80%), = $500,000 required appraised value.