Cash-Out Refinance Calculator

HomeExpertly

www.homeexpertly.com

Cash-Out Refinance Calculator (USA)

Estimate how much cash you could take out with a refinance, your new monthly payment, total closing costs, and how long it may take to break even compared with your current mortgage. U.S. dollars only. For educational purposes, not a Loan Estimate or credit decision.

Property & loan details

Estimated home value (USD)

Current loan balance

Current interest rate (APR)

Years remaining on current loan

yrs

New refinance terms

New interest rate (APR)

New loan term

yrs

Desired cash-out amount

This is the cash you’d like to receive at closing (before closing costs).

Estimated closing costs (% of new loan)

Typical U.S. refinance closing costs often range ~2–5% of the new loan amount.

Closing costs handling

Roll closing costs into the new loan (most common)

If unchecked, closing costs are paid out-of-pocket and reduce your net cash at closing.

Results

Property & equity snapshot

Estimated home value—

Current loan balance—

Current LTV—

New loan amount—

New LTV—

Total equity (value – balance)—

Equity converted to cash—

Monthly payment comparison (P&I only)

Current monthly P&I—

New monthly P&I—

Monthly payment change—

Break-even point (vs. closing costs)—

Time left on current loan—

New loan term—

Interest over full remaining term

Total interest if you keep current loan—

Total interest on new loan—

Interest difference (refi vs. keep current)—

Cash & closing costs

Gross cash-out requested—

Closing costs (total)—

Closing costs financed in new loan—

Closing costs paid out-of-pocket—

Net cash to you at closing*—

*If negative, that is approximate cash you may need to bring to closing. Actual terms depend on lender approval and closing disclosure.

Visuals

Current vs. new monthly payment

How your new loan is used

New loan amortization snapshot

Month	Payment	Principal	Interest	Ending balance

PDF export includes an extended amortization snapshot of the new loan.