How this calculator works
Cash ≈ value × max LTV − payoff − closing costs. Primary homes often cap at 80%; investment properties at 70–75%.
Loans this applies to
Home loan
Cash-Out Refinance
A cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash, commonly up to 80% of your home’s value on a primary residence.
Learn more ›
Investment propertyDSCR Cash-Out Refinance
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
Learn more ›
FAQ
Is the Cash-Out Refinance Calculator free?
Yes. It is free, needs no sign-up and does not check your credit.
How accurate is the Cash-Out Refinance Calculator?
It uses the same formulas lenders use, but results are estimates. Your actual terms come from your Loan Estimate or term sheet.
Estimates only, for educational use. Not a loan offer or commitment to lend.