LandlordGauge

Cash out refinance calculator for rental property

Estimate gross cash out, the new monthly mortgage payment and rental cash flow from your refinance figures.

Your refinance figures

Current property value; the lender may use a different appraisal.

Outstanding principal to be repaid. Closing costs and any other secured debts are not included.

Your scenario, not a permitted lender limit. The 0 to 100% range is a calculator input limit.

Survey average for 30-year fixed home purchase loans, not a rental-property offer. Uses a fully amortizing loan with monthly principal-and-interest payments.

Typical value, change it to yours. Source: Freddie Mac Primary Mortgage Market Survey, checked .

Your loan's term in whole years, 1 to 50.

Expected rent collected per month after your own vacancy allowance.

Tax, insurance, maintenance, management and other running costs. Exclude mortgage payments and income tax.

Your result

Example result

Cash out before closing costs

$100,000Target loan less existing balance

Target borrowing of $300,000 exceeds or equals the entered existing balance before closing costs.

New monthly payment

$2,077.14

New monthly cash flow

$322.86

Example: illustrative 30-year term, $3,000 rent and $600 operating costs.

Rates as of