Cash-Out Refinance Calculator
Enter your home value, the maximum loan-to-value and your current balance to find the cash available.
- Free
- No sign-up
Enter the value and balance to see the cash available.
Worked example
With these example inputs:
- Home value$400,000
- Max loan-to-value80%
- Current mortgage balance$250,000
Cash available: $70,000
- New loan amount$320,000
- Current balance$250,000
Frequently asked questions
How much cash can I take out?
The new loan is the home value times the maximum loan-to-value, and the cash is that minus your current balance. A $400,000 home at 80% with a $250,000 balance frees up $70,000.
What limits the cash-out amount?
Lenders cap the loan-to-value, often around 80% for cash-out refinances. A higher value or lower balance increases the cash you can access.