Cash-Out Refinance Calculator

A cash-out refinance replaces your mortgage with a larger one and gives you the difference in cash. See the new payment and total interest.

Your details

Current mortgage balance$Cash to take out$New interest rate%New term

New monthly payment

$1,896.20

New loan amount: $300,000.00
Cash received: $50,000.00
Total interest: $382,633.47

Balance vs cash out

Existing balance: $250,000.0083%
Cash out: $50,000.0017%

New monthly payment$1,896.20

Formula

New loan = current balance + cash out, amortized at the new rate and term.

Sources & methodology

•CFPB — refinancing — CFPB

Last updated: 2026-07-20

Related calculators

More Mortgage →

Refinance Calculator HELOC Calculator

Embed this calculator⌄

Paste this into your page — it works with no key and computes in the visitor's browser.

<iframe src="https://numveo.com/embed/cash-out-refinance-calculator" width="100%" height="640" style="border:0" loading="lazy" title="Cash-Out Refinance Calculator"></iframe>