Estimate cash available or additional cash required after payoff and refinance costs, plus new monthly payments, total interest, LTV and modeled equity.
What this baseline models
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Enter the whole replacement loan. Payoff and costs reduce cash; payments cover the whole principal. Term is both maturity and amortization.
Estimated cash available
$94,000.00
Borrowed money after payoff and costs
Monthly principal and interest
$1,896.20
Payment on the whole replacement principal
New-loan LTV
75.00%
Proposed loan ÷ current property value
Modeled equity after refinance
$100,000.00
Assumes this is the only remaining property debt
Costs reduce proceeds; they are not added to principal again. Modeled equity is not sale proceeds, profit or total net worth. Retained liens are outside scope.
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One US/USD property and one proposed fixed-rate, fully amortizing replacement loan. The entered term is both maturity and amortization. Monthly payments occur in arrears, beginning one month after origination.
Payoff is the entered amount needed to discharge the debt being replaced, including interest or charges already in that quote. Closing costs are one aggregate deduction excluding anything in payoff. Costs reduce cash available; they are not added to the proposed principal again. Zero payoff means no existing debt is being paid off.
Decimal intermediates remain unrounded. Money rounds half-up to cents; LTV displays to two decimal percentage places. Totals use the unrounded monthly payment, so multiplying the displayed payment can differ by cents. Zero-rate interest is exactly zero.
This estimate does not determine qualification, a lender’s maximum loan or whether refinancing is beneficial. Payments exclude taxes, insurance and property expenses. No retained liens, interest-only period, balloon, variable rates, draws, extra payments, automatic points, lender credits, escrow refunds, prepaid-item reconciliation or tax analysis are modeled.
The refinance loan stays separate from acquisition, permanent and seller-note debt. Mortgage, Rental ROI, Commercial Loan, DSCR, Debt Yield, LTV and Maximum Loan retain their existing roles and do not switch to or add this loan. Cash released is borrowed money, not income, profit or investment return. Current value may be shared with value-based calculators. Acquisition closing costs and stored refinance fixed fees/points are not imported; the entered aggregate refinance costs govern this estimate.
Deterministic checks based only on this scenario's inputs and outputs.
This estimate does not determine qualification, a lender’s maximum loan or whether refinancing is beneficial. Payments exclude taxes, insurance and property expenses. No retained liens, interest-only period, balloon, variable rates, draws, extra payments, automatic points, lender credits, escrow refunds, prepaid-item reconciliation or tax analysis are modeled.
Rates change by −1, −0.5, 0, +0.5 and +1 percentage points. All other inputs stay fixed; each row reruns the engine. Rates outside 0–100% or beyond safe output precision are omitted. These are scenarios, not rate forecasts or recommendations.
| Rate change | Annual rate | Monthly payment | Total scheduled interest |
|---|---|---|---|
| -1.00% | 5.50% | $1,703.37 | $313,212.12 |
| -0.50% | 6.00% | $1,798.65 | $347,514.57 |
| Base | 6.50% | $1,896.20 | $382,633.47 |
| +0.50% | 7.00% | $1,995.91 | $418,526.69 |
| +1.00% | 7.50% | $2,097.64 | $455,151.67 |
Formula reference
Money is displayed in USD and rates are entered as percentages where applicable. Formula version cash-out-refinance@1.0.0 stays attached to the result.
Before costs = P − D; net cash = P − D − C
P is proposed principal, D is the entered debt payoff and C is aggregate refinance closing costs, all in USD. Cash available = max(net cash, 0); additional cash required = max(−net cash, 0). Zero means no cash released after deductions. Payoff is the entered amount needed to discharge the debt being replaced, including interest or charges already in that quote. Closing costs are one aggregate deduction excluding anything in payoff. Costs reduce cash available; they are not added to the proposed principal again. Zero payoff means no existing debt is being paid off.
LTV = P ÷ V; equity = V − P
V is positive current property value in USD. Equity assumes the new loan is the only remaining property debt; it is not sale proceeds, profit or total net worth. A result above 100% LTV does not imply financing is available.
M = P × r ÷ (1 − (1+r)^(−N)); at r = 0, M = P ÷ N
r is the normalized annual rate divided by 12; N is the term in whole months. Payment applies to the whole replacement principal, not just cash released.
Total payments = M × N; total interest = M × N − P
Decimal intermediates remain unrounded. Money rounds half-up to cents; LTV displays to two decimal percentage places. Totals use the unrounded monthly payment, so multiplying the displayed payment can differ by cents. Zero-rate interest is exactly zero.
Example scenario
A $400,000 property, $300,000 proposed loan, $200,000 payoff, $6,000 costs, 6.50% fixed annual interest and 360 months. Editable assumptions, not recommended terms. Rendering does not save; select Use example to save.
Open the example in the calculatorProceeds after payoff
$100,000.00
Cash available after costs
$94,000.00
Monthly principal and interest
$1,896.20
Total scheduled payments
$682,633.47
Total scheduled interest
$382,633.47
New-loan LTV
75.00%
FAQ
Use the amount needed to discharge the existing debt, including payoff interest or charges already in the quote. A statement balance or original principal can differ. The calculator does not estimate payoff from loan age.
No. Enter the whole proposed principal. Payoff and aggregate refinance costs are deducted once from it. Costs reduce cash available; they are not added to principal again. Exclude anything already counted in payoff.
It is a funding shortfall. Additional cash required shows its positive magnitude. At exactly zero, no cash is released. A zero payoff is supported and means no existing debt is being paid off.
No. You supply the proposed loan. This is an educational cash and payment estimate, not qualification, an offer or a comparison with an existing loan. An LTV above 100% is allowed arithmetically but does not imply financing is available.
No. Loan roles remain separate. Other calculators retain their existing roles and do not add refinance debt or treat cash proceeds as income or investment return. Shared current value can still apply. Acquisition closing costs and stored refinance points or fixed fees are not automatically imported.
Read the supporting methodology, then compare this result with another view of income, financing, or project returns. Each calculator uses its own transparent assumptions.