Cash-Out Refinance Calculator

Estimate proceeds after paying off the current mortgage and deducting refinance costs.

Your estimate

Net cash-out capacity: -$4,500.00
New loan balance: $320,000.00
New monthly P&I: $2,022.62
Property equity: $80,000.00

Loan balance

Starting values are illustrative, not live quotes. Maximum LTV is a planning input, not program eligibility. Costs are taken from proceeds. A negative cash result indicates that the selected limit does not cover the existing debt and costs.

Payment schedule

Payment schedule
Month	Payment	Principal	Interest	Balance
1	$2,022.62	$289.28	$1,733.33	$319,710.72
2	$2,022.62	$290.85	$1,731.77	$319,419.86
3	$2,022.62	$292.43	$1,730.19	$319,127.44
4	$2,022.62	$294.01	$1,728.61	$318,833.43
5	$2,022.62	$295.60	$1,727.01	$318,537.82
6	$2,022.62	$297.20	$1,725.41	$318,240.62
7	$2,022.62	$298.81	$1,723.80	$317,941.80
8	$2,022.62	$300.43	$1,722.18	$317,641.37
9	$2,022.62	$302.06	$1,720.56	$317,339.31
10	$2,022.62	$303.70	$1,718.92	$317,035.62
11	$2,022.62	$305.34	$1,717.28	$316,730.27
12	$2,022.62	$307.00	$1,715.62	$316,423.28
13	$2,022.62	$308.66	$1,713.96	$316,114.62
14	$2,022.62	$310.33	$1,712.29	$315,804.29
15	$2,022.62	$312.01	$1,710.61	$315,492.28
16	$2,022.62	$313.70	$1,708.92	$315,178.58
17	$2,022.62	$315.40	$1,707.22	$314,863.18
18	$2,022.62	$317.11	$1,705.51	$314,546.07
19	$2,022.62	$318.83	$1,703.79	$314,227.24
20	$2,022.62	$320.55	$1,702.06	$313,906.69
21	$2,022.62	$322.29	$1,700.33	$313,584.40
22	$2,022.62	$324.04	$1,698.58	$313,260.36
23	$2,022.62	$325.79	$1,696.83	$312,934.57
24	$2,022.62	$327.56	$1,695.06	$312,607.02
25	$2,022.62	$329.33	$1,693.29	$312,277.69
26	$2,022.62	$331.11	$1,691.50	$311,946.57
27	$2,022.62	$332.91	$1,689.71	$311,613.67
28	$2,022.62	$334.71	$1,687.91	$311,278.96
29	$2,022.62	$336.52	$1,686.09	$310,942.43
30	$2,022.62	$338.35	$1,684.27	$310,604.09
31	$2,022.62	$340.18	$1,682.44	$310,263.91
32	$2,022.62	$342.02	$1,680.60	$309,921.89
33	$2,022.62	$343.87	$1,678.74	$309,578.01
34	$2,022.62	$345.74	$1,676.88	$309,232.28
35	$2,022.62	$347.61	$1,675.01	$308,884.67
36	$2,022.62	$349.49	$1,673.13	$308,535.17
37	$2,022.62	$351.39	$1,671.23	$308,183.79
38	$2,022.62	$353.29	$1,669.33	$307,830.50
39	$2,022.62	$355.20	$1,667.42	$307,475.30
40	$2,022.62	$357.13	$1,665.49	$307,118.17
41	$2,022.62	$359.06	$1,663.56	$306,759.11
42	$2,022.62	$361.01	$1,661.61	$306,398.10
43	$2,022.62	$362.96	$1,659.66	$306,035.14
44	$2,022.62	$364.93	$1,657.69	$305,670.22
45	$2,022.62	$366.90	$1,655.71	$305,303.31
46	$2,022.62	$368.89	$1,653.73	$304,934.42
47	$2,022.62	$370.89	$1,651.73	$304,563.53
48	$2,022.62	$372.90	$1,649.72	$304,190.63
49	$2,022.62	$374.92	$1,647.70	$303,815.71
50	$2,022.62	$376.95	$1,645.67	$303,438.76
51	$2,022.62	$378.99	$1,643.63	$303,059.77
52	$2,022.62	$381.04	$1,641.57	$302,678.73
53	$2,022.62	$383.11	$1,639.51	$302,295.62
54	$2,022.62	$385.18	$1,637.43	$301,910.44
55	$2,022.62	$387.27	$1,635.35	$301,523.17
56	$2,022.62	$389.37	$1,633.25	$301,133.80
57	$2,022.62	$391.48	$1,631.14	$300,742.33
58	$2,022.62	$393.60	$1,629.02	$300,348.73
59	$2,022.62	$395.73	$1,626.89	$299,953.00
60	$2,022.62	$397.87	$1,624.75	$299,555.13
61	$2,022.62	$400.03	$1,622.59	$299,155.10
62	$2,022.62	$402.19	$1,620.42	$298,752.91
63	$2,022.62	$404.37	$1,618.24	$298,348.53
64	$2,022.62	$406.56	$1,616.05	$297,941.97
65	$2,022.62	$408.77	$1,613.85	$297,533.20
66	$2,022.62	$410.98	$1,611.64	$297,122.23
67	$2,022.62	$413.21	$1,609.41	$296,709.02
68	$2,022.62	$415.44	$1,607.17	$296,293.58
69	$2,022.62	$417.69	$1,604.92	$295,875.88
70	$2,022.62	$419.96	$1,602.66	$295,455.93
71	$2,022.62	$422.23	$1,600.39	$295,033.69
72	$2,022.62	$424.52	$1,598.10	$294,609.18
73	$2,022.62	$426.82	$1,595.80	$294,182.36
74	$2,022.62	$429.13	$1,593.49	$293,753.23
75	$2,022.62	$431.45	$1,591.16	$293,321.77
76	$2,022.62	$433.79	$1,588.83	$292,887.98
77	$2,022.62	$436.14	$1,586.48	$292,451.84
78	$2,022.62	$438.50	$1,584.11	$292,013.34
79	$2,022.62	$440.88	$1,581.74	$291,572.46
80	$2,022.62	$443.27	$1,579.35	$291,129.19
81	$2,022.62	$445.67	$1,576.95	$290,683.52
82	$2,022.62	$448.08	$1,574.54	$290,235.44
83	$2,022.62	$450.51	$1,572.11	$289,784.93
84	$2,022.62	$452.95	$1,569.67	$289,331.98
85	$2,022.62	$455.40	$1,567.21	$288,876.58
86	$2,022.62	$457.87	$1,564.75	$288,418.71
87	$2,022.62	$460.35	$1,562.27	$287,958.36
88	$2,022.62	$462.84	$1,559.77	$287,495.52
89	$2,022.62	$465.35	$1,557.27	$287,030.17
90	$2,022.62	$467.87	$1,554.75	$286,562.30
91	$2,022.62	$470.41	$1,552.21	$286,091.89
92	$2,022.62	$472.95	$1,549.66	$285,618.94
93	$2,022.62	$475.52	$1,547.10	$285,143.42
94	$2,022.62	$478.09	$1,544.53	$284,665.33
95	$2,022.62	$480.68	$1,541.94	$284,184.65
96	$2,022.62	$483.28	$1,539.33	$283,701.37
97	$2,022.62	$485.90	$1,536.72	$283,215.47
98	$2,022.62	$488.53	$1,534.08	$282,726.93
99	$2,022.62	$491.18	$1,531.44	$282,235.75
100	$2,022.62	$493.84	$1,528.78	$281,741.91
101	$2,022.62	$496.52	$1,526.10	$281,245.40
102	$2,022.62	$499.21	$1,523.41	$280,746.19
103	$2,022.62	$501.91	$1,520.71	$280,244.28
104	$2,022.62	$504.63	$1,517.99	$279,739.65
105	$2,022.62	$507.36	$1,515.26	$279,232.29
106	$2,022.62	$510.11	$1,512.51	$278,722.18
107	$2,022.62	$512.87	$1,509.75	$278,209.31
108	$2,022.62	$515.65	$1,506.97	$277,693.66
109	$2,022.62	$518.44	$1,504.17	$277,175.22
110	$2,022.62	$521.25	$1,501.37	$276,653.96
111	$2,022.62	$524.08	$1,498.54	$276,129.89
112	$2,022.62	$526.91	$1,495.70	$275,602.97
113	$2,022.62	$529.77	$1,492.85	$275,073.21
114	$2,022.62	$532.64	$1,489.98	$274,540.57
115	$2,022.62	$535.52	$1,487.09	$274,005.05
116	$2,022.62	$538.42	$1,484.19	$273,466.62
117	$2,022.62	$541.34	$1,481.28	$272,925.28
118	$2,022.62	$544.27	$1,478.35	$272,381.01
119	$2,022.62	$547.22	$1,475.40	$271,833.79
120	$2,022.62	$550.18	$1,472.43	$271,283.60
121	$2,022.62	$553.16	$1,469.45	$270,730.44
122	$2,022.62	$556.16	$1,466.46	$270,174.28
123	$2,022.62	$559.17	$1,463.44	$269,615.10
124	$2,022.62	$562.20	$1,460.42	$269,052.90
125	$2,022.62	$565.25	$1,457.37	$268,487.65
126	$2,022.62	$568.31	$1,454.31	$267,919.34
127	$2,022.62	$571.39	$1,451.23	$267,347.96
128	$2,022.62	$574.48	$1,448.13	$266,773.47
129	$2,022.62	$577.59	$1,445.02	$266,195.88
130	$2,022.62	$580.72	$1,441.89	$265,615.16
131	$2,022.62	$583.87	$1,438.75	$265,031.29
132	$2,022.62	$587.03	$1,435.59	$264,444.26
133	$2,022.62	$590.21	$1,432.41	$263,854.04
134	$2,022.62	$593.41	$1,429.21	$263,260.64
135	$2,022.62	$596.62	$1,426.00	$262,664.01
136	$2,022.62	$599.85	$1,422.76	$262,064.16
137	$2,022.62	$603.10	$1,419.51	$261,461.06
138	$2,022.62	$606.37	$1,416.25	$260,854.69
139	$2,022.62	$609.65	$1,412.96	$260,245.03
140	$2,022.62	$612.96	$1,409.66	$259,632.07
141	$2,022.62	$616.28	$1,406.34	$259,015.80
142	$2,022.62	$619.62	$1,403.00	$258,396.18
143	$2,022.62	$622.97	$1,399.65	$257,773.21
144	$2,022.62	$626.35	$1,396.27	$257,146.86
145	$2,022.62	$629.74	$1,392.88	$256,517.12
146	$2,022.62	$633.15	$1,389.47	$255,883.97
147	$2,022.62	$636.58	$1,386.04	$255,247.39
148	$2,022.62	$640.03	$1,382.59	$254,607.37
149	$2,022.62	$643.49	$1,379.12	$253,963.87
150	$2,022.62	$646.98	$1,375.64	$253,316.89
151	$2,022.62	$650.48	$1,372.13	$252,666.41
152	$2,022.62	$654.01	$1,368.61	$252,012.40
153	$2,022.62	$657.55	$1,365.07	$251,354.85
154	$2,022.62	$661.11	$1,361.51	$250,693.74
155	$2,022.62	$664.69	$1,357.92	$250,029.04
156	$2,022.62	$668.29	$1,354.32	$249,360.75
157	$2,022.62	$671.91	$1,350.70	$248,688.84
158	$2,022.62	$675.55	$1,347.06	$248,013.28
159	$2,022.62	$679.21	$1,343.41	$247,334.07
160	$2,022.62	$682.89	$1,339.73	$246,651.18
161	$2,022.62	$686.59	$1,336.03	$245,964.59
162	$2,022.62	$690.31	$1,332.31	$245,274.28
163	$2,022.62	$694.05	$1,328.57	$244,580.23
164	$2,022.62	$697.81	$1,324.81	$243,882.42
165	$2,022.62	$701.59	$1,321.03	$243,180.84
166	$2,022.62	$705.39	$1,317.23	$242,475.45
167	$2,022.62	$709.21	$1,313.41	$241,766.24
168	$2,022.62	$713.05	$1,309.57	$241,053.19
169	$2,022.62	$716.91	$1,305.70	$240,336.27
170	$2,022.62	$720.80	$1,301.82	$239,615.48
171	$2,022.62	$724.70	$1,297.92	$238,890.78
172	$2,022.62	$728.63	$1,293.99	$238,162.15
173	$2,022.62	$732.57	$1,290.04	$237,429.58
174	$2,022.62	$736.54	$1,286.08	$236,693.04
175	$2,022.62	$740.53	$1,282.09	$235,952.51
176	$2,022.62	$744.54	$1,278.08	$235,207.97
177	$2,022.62	$748.57	$1,274.04	$234,459.39
178	$2,022.62	$752.63	$1,269.99	$233,706.76
179	$2,022.62	$756.71	$1,265.91	$232,950.06
180	$2,022.62	$760.80	$1,261.81	$232,189.25
181	$2,022.62	$764.93	$1,257.69	$231,424.33
182	$2,022.62	$769.07	$1,253.55	$230,655.26
183	$2,022.62	$773.24	$1,249.38	$229,882.02
184	$2,022.62	$777.42	$1,245.19	$229,104.60
185	$2,022.62	$781.63	$1,240.98	$228,322.96
186	$2,022.62	$785.87	$1,236.75	$227,537.10
187	$2,022.62	$790.13	$1,232.49	$226,746.97
188	$2,022.62	$794.40	$1,228.21	$225,952.57
189	$2,022.62	$798.71	$1,223.91	$225,153.86
190	$2,022.62	$803.03	$1,219.58	$224,350.82
191	$2,022.62	$807.38	$1,215.23	$223,543.44
192	$2,022.62	$811.76	$1,210.86	$222,731.68
193	$2,022.62	$816.15	$1,206.46	$221,915.53
194	$2,022.62	$820.58	$1,202.04	$221,094.95
195	$2,022.62	$825.02	$1,197.60	$220,269.93
196	$2,022.62	$829.49	$1,193.13	$219,440.44
197	$2,022.62	$833.98	$1,188.64	$218,606.46
198	$2,022.62	$838.50	$1,184.12	$217,767.96
199	$2,022.62	$843.04	$1,179.58	$216,924.92
200	$2,022.62	$847.61	$1,175.01	$216,077.31
201	$2,022.62	$852.20	$1,170.42	$215,225.11
202	$2,022.62	$856.81	$1,165.80	$214,368.30
203	$2,022.62	$861.46	$1,161.16	$213,506.84
204	$2,022.62	$866.12	$1,156.50	$212,640.72
205	$2,022.62	$870.81	$1,151.80	$211,769.91
206	$2,022.62	$875.53	$1,147.09	$210,894.38
207	$2,022.62	$880.27	$1,142.34	$210,014.10
208	$2,022.62	$885.04	$1,137.58	$209,129.06
209	$2,022.62	$889.84	$1,132.78	$208,239.23
210	$2,022.62	$894.66	$1,127.96	$207,344.57
211	$2,022.62	$899.50	$1,123.12	$206,445.07
212	$2,022.62	$904.37	$1,118.24	$205,540.70
213	$2,022.62	$909.27	$1,113.35	$204,631.42
214	$2,022.62	$914.20	$1,108.42	$203,717.23
215	$2,022.62	$919.15	$1,103.47	$202,798.08
216	$2,022.62	$924.13	$1,098.49	$201,873.95
217	$2,022.62	$929.13	$1,093.48	$200,944.82
218	$2,022.62	$934.17	$1,088.45	$200,010.65
219	$2,022.62	$939.23	$1,083.39	$199,071.42
220	$2,022.62	$944.31	$1,078.30	$198,127.11
221	$2,022.62	$949.43	$1,073.19	$197,177.68
222	$2,022.62	$954.57	$1,068.05	$196,223.11
223	$2,022.62	$959.74	$1,062.88	$195,263.37
224	$2,022.62	$964.94	$1,057.68	$194,298.42
225	$2,022.62	$970.17	$1,052.45	$193,328.26
226	$2,022.62	$975.42	$1,047.19	$192,352.83
227	$2,022.62	$980.71	$1,041.91	$191,372.13
228	$2,022.62	$986.02	$1,036.60	$190,386.11
229	$2,022.62	$991.36	$1,031.26	$189,394.75
230	$2,022.62	$996.73	$1,025.89	$188,398.02
231	$2,022.62	$1,002.13	$1,020.49	$187,395.89
232	$2,022.62	$1,007.56	$1,015.06	$186,388.33
233	$2,022.62	$1,013.01	$1,009.60	$185,375.32
234	$2,022.62	$1,018.50	$1,004.12	$184,356.82
235	$2,022.62	$1,024.02	$998.60	$183,332.80
236	$2,022.62	$1,029.57	$993.05	$182,303.24
237	$2,022.62	$1,035.14	$987.48	$181,268.09
238	$2,022.62	$1,040.75	$981.87	$180,227.34
239	$2,022.62	$1,046.39	$976.23	$179,180.96
240	$2,022.62	$1,052.05	$970.56	$178,128.90
241	$2,022.62	$1,057.75	$964.86	$177,071.15
242	$2,022.62	$1,063.48	$959.14	$176,007.67
243	$2,022.62	$1,069.24	$953.37	$174,938.43
244	$2,022.62	$1,075.03	$947.58	$173,863.39
245	$2,022.62	$1,080.86	$941.76	$172,782.53
246	$2,022.62	$1,086.71	$935.91	$171,695.82
247	$2,022.62	$1,092.60	$930.02	$170,603.22
248	$2,022.62	$1,098.52	$924.10	$169,504.71
249	$2,022.62	$1,104.47	$918.15	$168,400.24
250	$2,022.62	$1,110.45	$912.17	$167,289.79
251	$2,022.62	$1,116.46	$906.15	$166,173.32
252	$2,022.62	$1,122.51	$900.11	$165,050.81
253	$2,022.62	$1,128.59	$894.03	$163,922.22
254	$2,022.62	$1,134.71	$887.91	$162,787.51
255	$2,022.62	$1,140.85	$881.77	$161,646.66
256	$2,022.62	$1,147.03	$875.59	$160,499.63
257	$2,022.62	$1,153.24	$869.37	$159,346.39
258	$2,022.62	$1,159.49	$863.13	$158,186.89
259	$2,022.62	$1,165.77	$856.85	$157,021.12
260	$2,022.62	$1,172.09	$850.53	$155,849.04
261	$2,022.62	$1,178.44	$844.18	$154,670.60
262	$2,022.62	$1,184.82	$837.80	$153,485.78
263	$2,022.62	$1,191.24	$831.38	$152,294.55
264	$2,022.62	$1,197.69	$824.93	$151,096.86
265	$2,022.62	$1,204.18	$818.44	$149,892.68
266	$2,022.62	$1,210.70	$811.92	$148,681.98
267	$2,022.62	$1,217.26	$805.36	$147,464.72
268	$2,022.62	$1,223.85	$798.77	$146,240.87
269	$2,022.62	$1,230.48	$792.14	$145,010.39
270	$2,022.62	$1,237.14	$785.47	$143,773.25
271	$2,022.62	$1,243.85	$778.77	$142,529.40
272	$2,022.62	$1,250.58	$772.03	$141,278.82
273	$2,022.62	$1,257.36	$765.26	$140,021.46
274	$2,022.62	$1,264.17	$758.45	$138,757.30
275	$2,022.62	$1,271.02	$751.60	$137,486.28
276	$2,022.62	$1,277.90	$744.72	$136,208.38
277	$2,022.62	$1,284.82	$737.80	$134,923.56
278	$2,022.62	$1,291.78	$730.84	$133,631.78
279	$2,022.62	$1,298.78	$723.84	$132,333.00
280	$2,022.62	$1,305.81	$716.80	$131,027.18
281	$2,022.62	$1,312.89	$709.73	$129,714.30
282	$2,022.62	$1,320.00	$702.62	$128,394.30
283	$2,022.62	$1,327.15	$695.47	$127,067.15
284	$2,022.62	$1,334.34	$688.28	$125,732.81
285	$2,022.62	$1,341.56	$681.05	$124,391.25
286	$2,022.62	$1,348.83	$673.79	$123,042.41
287	$2,022.62	$1,356.14	$666.48	$121,686.28
288	$2,022.62	$1,363.48	$659.13	$120,322.79
289	$2,022.62	$1,370.87	$651.75	$118,951.92
290	$2,022.62	$1,378.29	$644.32	$117,573.63
291	$2,022.62	$1,385.76	$636.86	$116,187.87
292	$2,022.62	$1,393.27	$629.35	$114,794.60
293	$2,022.62	$1,400.81	$621.80	$113,393.79
294	$2,022.62	$1,408.40	$614.22	$111,985.39
295	$2,022.62	$1,416.03	$606.59	$110,569.36
296	$2,022.62	$1,423.70	$598.92	$109,145.66
297	$2,022.62	$1,431.41	$591.21	$107,714.24
298	$2,022.62	$1,439.17	$583.45	$106,275.08
299	$2,022.62	$1,446.96	$575.66	$104,828.12
300	$2,022.62	$1,454.80	$567.82	$103,373.32
301	$2,022.62	$1,462.68	$559.94	$101,910.64
302	$2,022.62	$1,470.60	$552.02	$100,440.04
303	$2,022.62	$1,478.57	$544.05	$98,961.47
304	$2,022.62	$1,486.58	$536.04	$97,474.89
305	$2,022.62	$1,494.63	$527.99	$95,980.27
306	$2,022.62	$1,502.72	$519.89	$94,477.54
307	$2,022.62	$1,510.86	$511.75	$92,966.68
308	$2,022.62	$1,519.05	$503.57	$91,447.63
309	$2,022.62	$1,527.28	$495.34	$89,920.35
310	$2,022.62	$1,535.55	$487.07	$88,384.80
311	$2,022.62	$1,543.87	$478.75	$86,840.94
312	$2,022.62	$1,552.23	$470.39	$85,288.71
313	$2,022.62	$1,560.64	$461.98	$83,728.07
314	$2,022.62	$1,569.09	$453.53	$82,158.98
315	$2,022.62	$1,577.59	$445.03	$80,581.39
316	$2,022.62	$1,586.14	$436.48	$78,995.25
317	$2,022.62	$1,594.73	$427.89	$77,400.53
318	$2,022.62	$1,603.36	$419.25	$75,797.16
319	$2,022.62	$1,612.05	$410.57	$74,185.11
320	$2,022.62	$1,620.78	$401.84	$72,564.33
321	$2,022.62	$1,629.56	$393.06	$70,934.77
322	$2,022.62	$1,638.39	$384.23	$69,296.38
323	$2,022.62	$1,647.26	$375.36	$67,649.12
324	$2,022.62	$1,656.18	$366.43	$65,992.94
325	$2,022.62	$1,665.16	$357.46	$64,327.78
326	$2,022.62	$1,674.18	$348.44	$62,653.60
327	$2,022.62	$1,683.24	$339.37	$60,970.36
328	$2,022.62	$1,692.36	$330.26	$59,278.00
329	$2,022.62	$1,701.53	$321.09	$57,576.47
330	$2,022.62	$1,710.75	$311.87	$55,865.73
331	$2,022.62	$1,720.01	$302.61	$54,145.71
332	$2,022.62	$1,729.33	$293.29	$52,416.38
333	$2,022.62	$1,738.70	$283.92	$50,677.69
334	$2,022.62	$1,748.11	$274.50	$48,929.58
335	$2,022.62	$1,757.58	$265.04	$47,171.99
336	$2,022.62	$1,767.10	$255.51	$45,404.89
337	$2,022.62	$1,776.67	$245.94	$43,628.22
338	$2,022.62	$1,786.30	$236.32	$41,841.92
339	$2,022.62	$1,795.97	$226.64	$40,045.94
340	$2,022.62	$1,805.70	$216.92	$38,240.24
341	$2,022.62	$1,815.48	$207.13	$36,424.76
342	$2,022.62	$1,825.32	$197.30	$34,599.44
343	$2,022.62	$1,835.20	$187.41	$32,764.24
344	$2,022.62	$1,845.14	$177.47	$30,919.09
345	$2,022.62	$1,855.14	$167.48	$29,063.95
346	$2,022.62	$1,865.19	$157.43	$27,198.77
347	$2,022.62	$1,875.29	$147.33	$25,323.47
348	$2,022.62	$1,885.45	$137.17	$23,438.03
349	$2,022.62	$1,895.66	$126.96	$21,542.36
350	$2,022.62	$1,905.93	$116.69	$19,636.43
351	$2,022.62	$1,916.25	$106.36	$17,720.18
352	$2,022.62	$1,926.63	$95.98	$15,793.55
353	$2,022.62	$1,937.07	$85.55	$13,856.48
354	$2,022.62	$1,947.56	$75.06	$11,908.92
355	$2,022.62	$1,958.11	$64.51	$9,950.81
356	$2,022.62	$1,968.72	$53.90	$7,982.09
357	$2,022.62	$1,979.38	$43.24	$6,002.71
358	$2,022.62	$1,990.10	$32.51	$4,012.60
359	$2,022.62	$2,000.88	$21.73	$2,011.72
360	$2,022.62	$2,011.72	$10.90	$0.00

Updated September 9, 2026

How to use

Replace the example inputs with your loan and property figures.
Select Calculate to update the estimate and any schedule.
Change one assumption at a time, then compare the result with the earlier scenario.

How this calculation works

The selected LTV limit is multiplied by property value to obtain the proposed new loan. Existing mortgage principal and transaction costs are deducted from that amount. The new payment is calculated on the full replacement loan.

Net proceeds = value × selected LTV − existing loan − fees

Worked example

Illustrative inputs — not a quote or a local average.

Property value: $400,000.00
Existing debt to repay: $320,000.00
Maximum loan-to-value: 80 %
Transaction costs: $4,500.00
New loan rate: 6.5 %
New loan term: 30 years

Net cash-out capacity: -$4,500.00. New loan balance: $320,000.00. New monthly P&I: $2,022.62.

Reading the result

Net proceeds are different from total equity. Some equity remains in the property under the selected borrowing limit, while fees reduce the cash received. Compare the new payment with all the debt payments you plan to retain, not only the first mortgage.

Before acting on the estimate

A planning limit is not a lender commitment. Cash-out rules, appraisal results and borrower eligibility can restrict proceeds. A negative result means the selected loan does not cover the current balance and entered costs; it does not mean negative cash will be advanced.