Cash-Out Mortgage Refinance Calculator
Compare your current mortgage to a new refinance scenario. Results are estimated and typically reflect principal and interest only (escrow is not included).
Current loan
Enter your best estimates. You can adjust anytime.
If you have 246 months left, enter 20.5 years.
New loan
Typically paid upfront: 1 point = 1% of the new loan amount.
Examples: lender fees, appraisal, title, underwriting. (Estimate.)
Cash you receive at closing. This increases your new loan amount.
What Your Refinance Could Look Like Estimated
- Pay $— less each month
- Spend $— less over the life of the loan
- Break even on upfront costs in —
Calculations are for informational purposes only and are hypothetical and for illustrative purposes. They may not reflect your individual circumstances. For personalized guidance, seek personalized advice from qualified professionals.
| Current loan | New loan | Difference | |
|---|---|---|---|
| Loan amount | $— | $— | — |
| Loan term | — | — | — |
| Monthly payment (P&I) | $— | $— | — |
| Interest rate | — | — | — |
| Total interest | $— | $— | — |
| Total payments | $— | $— | — |
| Upfront costs | — | $— | — |
Note: “Monthly payment” is principal + interest only. Escrow for taxes/insurance is not included.
Estimated Balance Over Time
Current loan
New loan
This chart uses the estimated amortization schedules from your inputs. It is intended to provide investment/information and interactive calculators for informational purposes only. Results do not guarantee their applicability to your situation.
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