Cash-Out Refinance Calculator
See how much equity you can access through a cash-out refinance.
Property & Loan Details
Understanding Cash-Out Refinancing
How It Works
A cash-out refinance replaces your existing mortgage with a larger one, giving you the difference in cash. The amount you can access depends on your home's value, your current loan balance, and the maximum loan-to-value (LTV) ratio allowed by the program.
Common Uses
Homeowners use cash-out refinancing for home improvements, debt consolidation, investment opportunities, education costs, or emergency reserves. The interest rate on a cash-out refinance is typically lower than a HELOC, personal loan, or credit card.
Important Caveats
Cash-out refinancing increases your mortgage balance and may change your payment, rate, or term. Maximum LTV limits vary by loan program (conventional typically 80%, VA up to 100%, FHA 80%). Actual availability and terms depend on credit, property type, and lender requirements.
Calculator results are estimates only and are not a loan approval, offer to lend, or guarantee of rate, payment, or terms. Actual payment, rate, fees, and loan terms may vary based on borrower qualifications, lender guidelines, taxes, insurance, and other factors. Scout Financial Group Inc DBA Airus Lending is a licensed mortgage broker (NMLS #2187418).