Finance · Refi / Equity
Cash-Out Refi
Estimate new loan amount, monthly P&I, net cash received, and 5-year refinance cost impact.
Last reviewed: February 18, 2026
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What this calculator does
Estimate new loan amount, monthly P&I, net cash received, and 5-year refinance cost impact.
How it's calculated
- Inputs are validated before running the calculator-specific compute() function.
- Core math is deterministic and implemented in src/lib/calculators/cash-out-refi.ts.
- Results are recalculated instantly as values change and are shareable via query parameters.
- Disclosure assumptions and limitations are shown on-page for decision context.
Example
Example scenario: Home value = 650000 USD; Current mortgage balance = 380000 USD; Cash-out amount = 60000 USD; New mortgage rate = 6.25 %. Sample output: New loan amount: $440,000.00
Common mistakes
- Using optimistic rates or appreciation assumptions without testing a conservative case.
- Ignoring taxes, insurance, HOA, or maintenance in monthly cost planning.
- Treating modeled outputs as guaranteed quotes rather than planning estimates.
- Not comparing at least two scenarios before making a financing decision.
- Skipping professional review for legal, tax, underwriting, or insurance details.
FAQs
Is cash received equal to cash-out amount?
Not exactly. Net proceeds are reduced by closing costs and other transaction fees.
Why does term length matter so much?
Longer terms can lower monthly payment but often increase cumulative interest paid.
Can this estimate include financed closing costs?
This version treats closing costs as out-of-pocket in the net cash calculation.
Does this include taxes and insurance?
No, the monthly output is principal and interest only. Escrow items vary by property and lender.
Is this an approval decision?
No. Final eligibility and terms depend on lender underwriting and property valuation.