Free calculator
Cash-out refinance calculator
Estimate how much of your home equity you could turn into cash with a new, larger mortgage.
Current loan-to-value
49%
Potential cash available (at 80% max LTV)
$140,000
An example, not an offer — actual available equity depends on an appraisal, your credit, and the loan program's specific LTV limit, which can be lower or higher than 80%.
See my real numberHow a cash-out refinance works
A cash-out refinance replaces your existing mortgage with a new, larger one, and you receive the difference in cash at closing. Lenders typically cap the new loan at a percentage of your home's value — often around 80% — so the amount you can access depends on your home's current value and how much you still owe.
People use cash-out refinances for things like simplifying monthly payments, home improvements, or covering a large expense — but it does increase your loan balance and, usually, your monthly payment, so it's worth comparing against a home equity loan or line of credit before deciding.
See what you could save — it only takes a couple of minutes.
Check my optionsNo impact to your credit score · No obligation to proceed