How to use this Cash out refinance calculator
Enter your details, a new interest rate, and loan type to see how much you can cash out.
Cash-out amount
Adjust the cash amount or mortgage payment
New mortgage payment
Adjust the cash amount or mortgage payment
Principal & interest
$1,574
Property taxes
$357
Homeowner’s insurance
$116
After cash out
$80,000 (20%)
Home equity
$320,000
Mortgage balance
You need to keep at least 20% home equity when you cash out.
*Calculator is for illustrative purposes only. Property taxes and homeowners insurance are based on national averages. Your actual monthly payment may be greater.