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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
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$
%
Illustrative example rate. Not an available or quoted rate.
yrs
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%
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.
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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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