Free Tool
Cash-Out Refinance Calculator
See how much equity you can access, your new monthly payment, and how much you could save by consolidating high-interest debt into your mortgage.
Your property
New loan terms
Debts to consolidate (optional)
Available equity
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Max cash out
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New payment
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Monthly savings
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Typical use cases
| Debt consolidation | Often saves $300-800/mo |
| Fund next investment | Use equity as down payment |
| Home improvements | Adds value, review ROI |
| Higher rate refi | Review breakeven carefully |
Refinance education
When does a cash-out refinance make sense?
How much equity can I access with a cash-out refinance?
Most lenders allow you to access up to 80% of your home's value (75% for investment properties). On a $580,000 home with a $280,000 balance, you could access up to $184,000 in cash — your new loan would be $464,000, paying off your $280,000 balance and putting $184,000 in your pocket. Use the calculator above to see your exact numbers.
Should I use a cash-out refi to pay off credit card debt?
If your credit cards are charging 18–25% interest and you can consolidate into a 6–7% mortgage rate, the math is often compelling. Many borrowers save $300–$800 per month by consolidating. The key caveat: you're converting unsecured debt into secured debt. If you don't change spending behavior, you could end up with both the higher mortgage AND new credit card debt — that's the trap to avoid.
Can I use a cash-out refinance as a down payment on an investment property?
Yes — and this is one of the most powerful strategies for scaling a real estate portfolio. Access equity from your primary residence or an existing investment property and use it as a 25% down payment on a new DSCR rental loan. Many experienced investors use this "equity recycling" approach to buy additional properties without bringing new cash to the table.
Ready to access your equity?
Submit your deal for a free review. Chad Evers will respond within 24 hours with rate options and qualification guidance.
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