Cash-Out Refinance Calculator

Model your refi · See how much cash you can pull · Evaluate BRRRR feasibility

Current Property & Loan

$

Estimated market value today

$

Remaining principal owed

%
yr
Current equity: $125,000
Current LTV: 60.9%

New Loan Terms

%

Max 75-80% for investment property

%
yr
%

Typical: 2-3% of new loan

New loan amount: $240,000

BRRRR Strategy Evaluation

Optional

Enter your rehab budget to see if the cash-out covers your next BRRRR rehab.

$

Budget for your next BRRRR project

Cash-out falls short of rehab budget

You'll need an additional $1,000 to fully fund the rehab. Consider a higher LTV, lower rehab scope, or supplemental financing.

When Does a Cash-Out Refi Make Sense?

For BRRRR Investors

Cash-out refinancing is the “R” in BRRRR. After buying below market, rehabbing, and renting the property, you refinance based on the new appraised value (ARV) to recover your initial capital. If the spread between your all-in cost and the ARV is large enough, you can recover 100% of your investment and deploy it into the next deal.

For Portfolio Growth

If you have equity trapped in a property that has appreciated, a cash-out refi lets you access that equity without selling. The trade-off: a larger loan balance, potentially higher monthly payments, and closing costs. Make sure the cash you pull out earns a higher return than the cost of the new debt.

Key Considerations

  • Most lenders cap investment property cash-out at 75-80% LTV
  • Fannie Mae requires 6-month seasoning for conventional cash-out refis
  • DSCR lenders may offer 0-3 month seasoning but at higher rates
  • Cash-out refis typically carry slightly higher rates than rate-and-term refis (0.125-0.5% higher)
  • Closing costs eat into your cash out — factor them into your analysis
  • Resetting to a 30-year term means more total interest paid over the life of the loan

Refinance Results

Cash Available (Net)

$39,000

Gross cash-out: $45,000 − $6,000 closing costs

Current Payment

$1,373.18

/month (P&I)

New Payment

$1,556.64

/month (P&I)

Monthly Payment Change+$183.46
New Loan Amount$240,000
Closing Costs$6,000
Remaining Equity After Refi$80,000
Break-Even (vs. higher payment)33 months

Lifetime Interest Comparison

Current Loan Total Interest$249,910
New Loan Total Interest$320,389
Additional Interest Cost+$70,479

You can access $39,000 in equity. Your payment increases by $183.46/mo. Make sure the return on the deployed cash exceeds the cost of the new debt.

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