during 2015 , continued management actions , primarily the sale or transfer to held-for-sale of approximately $ 1.5 billion of delinquent residential first mortgages , including $ 0.9 billion in the fourth quarter largely associated with the transfer of citifinancial loans to held-for-sale referenced above , were the primary driver of the overall improvement in delinquencies within citi holdings 2019 residential first mortgage portfolio . credit performance from quarter to quarter could continue to be impacted by the amount of delinquent loan sales or transfers to held-for-sale , as well as overall trends in hpi and interest rates . north america residential first mortgages 2014state delinquency trends the following tables set forth the six u.s . states and/or regions with the highest concentration of citi 2019s residential first mortgages. .

Table:
in billions of dollars state ( 1 ) | in billions of dollars enr ( 2 ) | in billions of dollars enrdistribution | in billions of dollars 90+dpd% ( 90+dpd % ) | in billions of dollars %ltv >100% ( >100 % ) ( 3 ) | in billions of dollars refreshedfico | in billions of dollars enr ( 2 ) | in billions of dollars enrdistribution | in billions of dollars 90+dpd% ( 90+dpd % ) | %ltv >100% ( >100 % ) ( 3 ) | refreshedfico
ca | $ 19.2 | 37% ( 37 % ) | 0.2% ( 0.2 % ) | 1% ( 1 % ) | 754 | $ 18.9 | 31% ( 31 % ) | 0.6% ( 0.6 % ) | 2% ( 2 % ) | 745
ny/nj/ct ( 4 ) | 12.7 | 25 | 0.8 | 1 | 751 | 12.2 | 20 | 1.9 | 2 | 740
va/md | 2.2 | 4 | 1.2 | 2 | 719 | 3.0 | 5 | 3.0 | 8 | 695
il ( 4 ) | 2.2 | 4 | 1.0 | 3 | 735 | 2.5 | 4 | 2.5 | 9 | 713
fl ( 4 ) | 2.2 | 4 | 1.1 | 4 | 723 | 2.8 | 5 | 3.0 | 14 | 700
tx | 1.9 | 4 | 1.0 | 2014 | 711 | 2.5 | 4 | 2.7 | 2014 | 680
other | 11.0 | 21 | 1.3 | 2 | 710 | 18.2 | 30 | 3.3 | 7 | 677
total ( 5 ) | $ 51.5 | 100% ( 100 % ) | 0.7% ( 0.7 % ) | 1% ( 1 % ) | 738 | $ 60.1 | 100% ( 100 % ) | 2.1% ( 2.1 % ) | 4% ( 4 % ) | 715
total ( 5 ) $ 51.5 100% ( 100 % ) 0.7% ( 0.7 % ) 1% ( 1 % ) 738 $ 60.1 100% ( 100 % ) 2.1% ( 2.1 % ) 4% ( 4 % ) 715 note : totals may not sum due to rounding .
( 1 ) certain of the states are included as part of a region based on citi 2019s view of similar hpi within the region .
( 2 ) ending net receivables .
excludes loans in canada and puerto rico , loans guaranteed by u.s .
government agencies , loans recorded at fair value and loans subject to long term standby commitments ( ltscs ) .
excludes balances for which fico or ltv data are unavailable .
( 3 ) ltv ratios ( loan balance divided by appraised value ) are calculated at origination and updated by applying market price data .
( 4 ) new york , new jersey , connecticut , florida and illinois are judicial states .
( 5 ) improvement in state trends during 2015 was primarily due to the sale or transfer to held-for-sale of residential first mortgages , including the transfer of citifinancial residential first mortgages to held-for-sale in the fourth quarter of 2015 .
foreclosures a substantial majority of citi 2019s foreclosure inventory consists of residential first mortgages .
at december 31 , 2015 , citi 2019s foreclosure inventory included approximately $ 0.1 billion , or 0.2% ( 0.2 % ) , of the total residential first mortgage portfolio , compared to $ 0.6 billion , or 0.9% ( 0.9 % ) , at december 31 , 2014 , based on the dollar amount of ending net receivables of loans in foreclosure inventory , excluding loans that are guaranteed by u.s .
government agencies and loans subject to ltscs .
north america consumer mortgage quarterly credit trends 2014net credit losses and delinquencies 2014home equity citi 2019s home equity loan portfolio consists of both fixed-rate home equity loans and loans extended under home equity lines of credit .
fixed-rate home equity loans are fully amortizing .
home equity lines of credit allow for amounts to be drawn for a period of time with the payment of interest only and then , at the end of the draw period , the then-outstanding amount is converted to an amortizing loan ( the interest-only payment feature during the revolving period is standard for this product across the industry ) .
after conversion , the home equity loans typically have a 20-year amortization period .
as of december 31 , 2015 , citi 2019s home equity loan portfolio of $ 22.8 billion consisted of $ 6.3 billion of fixed-rate home equity loans and $ 16.5 billion of loans extended under home equity lines of credit ( revolving helocs ) . .

Question: what percentage of citi's home equity portfolio as of december 31 , 2015 was comprised of fixed-rate home equity loans?
Answer: 28%
Calculation: divide(6.3, 22.8)