Cash-Out Refinance Calculator (Rental)

See how much cash a refinance frees up and what it does to your monthly payment. Everything runs in your browser.

Cash-out refi

Current appraised value ($)

Current loan balance ($)

Max LTV (%)

New rate (%)

New term (years)

Closing costs ($)

Current P&I ($/mo)

Results

New loan amount

Net cash out

New P&I

Payment change / mo

How a rental cash-out refinance works

The lender appraises the property and lends up to a maximum loan-to-value — commonly 70–75% for investment properties. The new loan pays off the old one; what is left after closing costs is yours. Divide the payment increase into the cash you take out to see the real cost of that money, and make sure rent still covers the new payment (check DSCR).

This is the “refinance” step of BRRRR.

FAQ

What LTV can I get on a rental?

Often 70–75% for cash-out on 1–4 unit investment properties; it varies by lender and credit.

Is cash-out money taxable?

Loan proceeds are generally not income, but talk to a tax professional about interest deductibility.