GAP Insurance Need Calculator

Determine if GAP insurance is needed based on loan-to-value ratio.

Flow of electrical charge measured in amperes (A).
$
Enter the loan balance value for this calculation.
$
Time measurement in months.
$
Time measurement in months.
months
The speed or frequency at which something occurs.
%

Results

Current GAP:
Calculated current gap based on your inputs.
-$
Loan-to-Value Ratio:
Calculated ratio between values.
-%
GAP Insurance Recommended:
Suggested value based on calculations.
-
Months Until LTV < 100%:
Calculated months until ltv < 100% based on your inputs.
-months
Reference: NAIC/ISO Standards.