💵 Cash-Out Refinance Calculator
Calculate available cash and new payments from a cash-out refinance based on your home's current value
🏠 Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance
🏠 Mortgage Tips
- • A 20% down payment helps you avoid PMI
- • Consider 15-year loans for lower total interest costs
- • Shop around with multiple lenders for the best rates
- • Factor in closing costs (typically 2-5% of loan amount)
- • Get pre-approved to strengthen your offer
- • Consider property taxes and insurance in your budget
How to Use
1. Enter current home value and mortgage balance
2. Set desired loan-to-value ratio
3. Input new loan terms and interest rate
4. Calculate available cash proceeds
5. Review new monthly payment
6. Compare costs vs benefits
Features
✓ Available cash calculation
✓ New payment analysis
✓ LTV ratio optimization
✓ Closing cost estimation
✓ Break-even analysis
✓ Cash flow impact assessment