Cash-Out Proceeds Calculator
Estimate net proceeds from a cash-out refinance.
Your scenario
Your best estimate; underwriting uses an appraisal.
Total needed to pay off existing liens. Enter 0 if the property is owned outright.
A working figure for the math; actual program limits vary by scenario.
Percent of the new loan amount.
Results
Fill in the fields to see your result; it updates as you type.
This calculator is for educational purposes only and does not constitute a loan approval, pre-qualification, commitment to lend, or quote of rates or terms. Actual qualification is determined by full underwriting, including an appraisal with a market rent analysis (Form 1007) or executed lease where applicable. Program guidelines vary by scenario. Loancutters Inc. dba Evoque Lending, NMLS #337415, CA DRE #01521538. Equal Housing Opportunity.
How to read the result
The math is three steps: your property value times the loan-to-value assumption gives the gross new loan; paying off the existing loan comes out of that; estimated closing costs come out next. What remains is the net; the figure that actually lands in your account, and the only number that matters for planning the next move.
Both percentage fields are editable working assumptions, pre-filled so the math runs, not statements of what any program offers. The gap between gross and net surprises many first-time refinancers, which is exactly what this breakdown is designed to show before you're counting on the money.
What lenders actually use
Underwriting starts from an appraised value rather than your estimate, and the maximum loan-to-value depends on the program, the property type, and how the property is used. How long you've owned the property can also affect which value figure applies, treatment varies by program. Your actual payoff comes from a formal demand statement, which often includes accrued interest and fees beyond the balance you see online.
Closing costs vary with the transaction, so the percentage here is deliberately a rough planning figure. Guidelines vary; contact us to talk through what a cash-out scenario on your property could look like.
Common questions
What do investors typically use cash-out proceeds for?
Common uses include renovating the property, building reserves, or funding the next acquisition; the classic way investors recycle equity into growth. The intended use of funds is part of any loan conversation.
The property is owned outright. Does this still apply?
Yes; enter zero for the payoff. With no existing loan to retire, the net proceeds are the gross loan minus costs, which is why owned-outright properties are often strong cash-out candidates.
Why is my net so much lower than the gross loan?
The existing payoff and closing costs both come out of the new loan before anything reaches you. If the current balance is large relative to the value, the remaining slice can be thin; the breakdown makes that visible early.
My result came out negative. What does that mean?
At your inputs, the payoff plus costs exceed what the value assumption supports; that particular structure doesn't produce proceeds. A different program structure or an updated value picture may change the math; it's worth a conversation.