cash refinance calculator: a quick way to test home equity scenarios

What it does

A cash refinance calculator estimates how much equity you can turn into cash while reshaping your mortgage. Enter a few numbers and it projects a new payment, total interest, and potential savings or costs, so you can decide if tapping equity is worth it.

Key inputs

Home value and current loan balance
Estimated interest rate and term for the new loan
Desired cash-out amount and closing costs
Property taxes, insurance, and HOA if you want an all-in payment

How to interpret results

Compare your current payment and payoff date with the proposed loan. Watch loan-to-value; most lenders cap cash-out around 80% LTV. Calculate a rough breakeven by dividing total costs by monthly savings. If you’re extending the term, note the extra years of interest even if payment drops.

Practical tips

Run multiple scenarios, keep a cushion for surprises, and check your credit before locking an offer. A good calculator helps you ask smarter questions and avoid surprises at closing.

https://www.amerisave.com/mortgage-calculators/cash-out-refinance-calculator/
Cash-Out Refinance Calculator - Your estimated home value (we'll help you find this) - Current mortgage balance and monthly payment - Amount of cash you want.

https://www.nerdwallet.com/article/mortgages/cash-out-refinance-calculator
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https://www.hsh.com/refinance-calculator/
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