Cash-Out Refinance Calculator
Tap home equity by refinancing into a larger loan. See your new payment, total cost, LTV limits, and break-even point.
Cash To You
$50,000
actual proceeds
New Loan Amount
$306,000
61.2% LTV
New Monthly Payment
$2,036
vs $1,390 before
Payment Change
+$646
higher monthly
Closing Costs
$6,000
rolled into new loan
No break-even
—
payment increased
Max cash you could take out at this LTV cap: $144,000. Your request fits within the LTV limit.
Long-Term Cost Comparison
Total interest — new loan$426,897
Total remaining interest — old loan$166,874
Interest difference$260,023
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Cash-Out Refinance Calculator results are estimates for educational and informational purposes only and do not constitute financial, tax, or legal advice. Actual outcomes will vary based on your individual circumstances. LoanPal is not a licensed financial advisor. Read full disclaimer. Consult a qualified professional before making financial decisions.