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Cash-out refinance calculator

Cash-out refinancing prices the money you extract at a rate that is usually higher than the headline mortgage rate, because you are also repricing the balance you already had. This shows that effective rate.

Free, no sign-up, nothing saved or sent anywhere — it all runs in your browser.

Cash-out refi inputs
$
$
$
%

75% typical for investment, 80% for primary

%
$
$

0 = pull the maximum available

Max cash available
Healthy
$20,000.00
at 75% LTV, after paying off current loan & closing costs
New loan amount
$225,000.00
old balance + closing + cash out
New monthly P&I
$1,496.93
Effective rate on cash pulled
Marginal
9.96%
annual payment increase ÷ cash out
New LTV
75.0%
new loan ÷ property value
Details
Max new loan (at LTV cap)$225,000.00
Cash out used$20,000.00
Payment increase (monthly)$165.93
Payment increase (annual)$1,991.16
Remaining equity after refi$75,000.00