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 | Compare total cost first |
| 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 lower mortgage rate, the math is often compelling. 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.