🏠 Cash-Out Refinance Calculator
Estimate how much cash you could access by refinancing your mortgage for more than you currently owe.
What is a cash-out refinance?
A cash-out refinance replaces your existing mortgage with a new, larger loan, letting you pocket the difference as cash while your home secures the new loan. Lenders typically cap the new loan at a maximum percentage of your home’s value (loan-to-value, or LTV).
How this calculator works
We calculate your maximum new loan (home value × max LTV), subtract your current mortgage balance and estimated closing costs, and the remainder is your estimated available cash. We also estimate your new monthly payment using the standard amortization formula.
This calculator is for general planning purposes. Actual loan approval, LTV limits, and rates depend on your lender, credit, and property details.