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Cash-out Refinance
See what a cash-out refinance would look like: new monthly payment, total interest cost over the life of the loan, and how much equity you would have left.
Your situation
$
$
%
Illustrative example rate. Not an available or quoted rate.
yrs
$
%
Illustrative example rate. Not an available or quoted rate.
yrs
%
Of the new loan amount, often rolled in
New loan
New monthly payment$2,693
Change vs current+$874
New loan amount$410,000
New loan-to-value68.33%
Cost over the life of the loan
Total interest, new loan$559,627
Remaining interest, current loan$203,860
Difference+$355,767
Equity
Equity removed (cash to you)$80,000
Equity remaining$190,000
Scenario stress level: High
The new payment is meaningfully higher than the current payment.
Results are estimates based on user inputs and do not represent loan terms, APR, or a financing offer. Pre-filled values are illustrative examples, not available or quoted rates. Actual terms depend on credit, property, program, and underwriting. Every result applies to the entered planning scenario, not an observation period or local market statistic. Replace price, tax, insurance and fee allowances with dated, property-specific figures. Missing inputs are not assumed to be zero.
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Frequently asked questions
How much equity can I cash out?
On a primary residence, most lenders cap cash-out at 80% loan-to-value. On an investment property, the cap is typically 75%. VA loans can go to 100% LTV.
Will my interest rate go up on a cash-out refinance?
Often slightly. Cash-out refis carry small rate adjustments compared to rate-and-term refis. The exact bump depends on your LTV and credit score.
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