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Estimate what a cash-out refinance could look like.

Review a directional payment and available cash estimate before deciding whether a cash-out refinance is the right next step.

Cash-out estimate

Adjust the numbers to fit your scenario.

Use home value, current balance, cash needed, and new rate assumptions to see a directional picture. Estimate only.

Estimated home value

Directional current market value.

$450,000
$150k$1.5M

Current mortgage balance

Remaining balance on your existing mortgage.

$280,000
$50k$1M

Cash-out amount

How much you want to take out of equity.

$60,000
$10k$300k

New interest rate

Directional rate for the new loan.

6.5%
49

New term

Length of the new loan.

30 years
1030

Assumptions

Cash-out refinance estimates assume closing costs are financed into the new loan or paid separately.
LTV and available equity are directional. State overlays and product rules may limit actual amounts.
Real eligibility and pricing depend on credit, income, appraisal, and full underwriting.
A cash-out refinance replaces your current mortgage — the new payment applies to the full balance.

Snapshot

$2,149

Estimated new monthly payment

Principal and interest on the new cash-out loan. Does not include taxes, insurance, or closing costs.

Estimate

Estimated results

New loan amount

$340,000

Current balance plus cash-out amount.

Estimated LTV

75.6%

Directional loan-to-value after cash-out. Most programs require ≤80%.

Available equity at 80% LTV

$80,000

Directional equity available before reaching the 80% limit.

Estimated monthly change

+$379

Directional change in principal and interest from taking cash out.

These numbers are directional. Real results depend on your credit, income, property, and the full application.