Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. Lender limits, appraised value, credit, income and program rules decide what you may qualify for. Programs vary by borrower, property and investor.
How this estimate works
A cash-out refinance replaces your current mortgage with a larger one. The new loan pays off the old balance and any liens you choose to clear, and the difference comes to you at closing, minus closing costs. This calculator sizes the new loan at the loan-to-value limit you enter. Real limits depend on the program, occupancy, property type and credit, and the appraisal sets the value.
Before you decide
- Compare against keeping your current first mortgage and adding a HELOC or home equity loan
- Remember the new loan restarts your repayment schedule
- Turning unsecured debt into mortgage debt puts your home on the line
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Our online application is being set up. Call now and a licensed loan officer will take your application by phone.
Apply by phone: (888) 912-6746Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Learn more: Cash-Out Refinance · All calculators