Cash out is the money left after the new loan pays the existing debt and the costs charged to the transaction. This calculator estimates that amount from your entered loan balance, payoff and expenses. It also shows how the proposed payment changes the property's cash flow.
What you enter
Enter an estimated property value and the proposed new loan amount, or a loan to value percentage for a preliminary scenario. Add a current payoff estimate, transaction costs and any prepayment charge on the existing loan. List other liens separately if they must be paid at closing.
Use a payoff figure rather than the principal balance shown on an old statement. Obtain the actual calculation for the expected closing date before relying on the proceeds. Do not count a possible escrow refund as cash arriving at closing unless the settlement calculation confirms it.
For the payment comparison, enter the current and proposed full monthly housing costs. Use the same definition for both. If you want a broader cash flow comparison, add collected rental revenue and the operating costs paid outside those housing costs.
Example
Assume an estimated property value of $500,000 and a new loan scenario at 70% of that value. The proposed principal is $350,000. These are made up inputs, not a permitted leverage ceiling.
Assume a $260,000 existing payoff, $10,000 in transaction costs and a separate $5,000 prepayment charge not included in the payoff. Estimated cash out is $75,000: $350,000 less $260,000 less $10,000 less $5,000.
If the full monthly housing cost rises from an assumed $2,200 to $2,700, unchanged rent and other costs leave $500 less cash flow each month. Receiving cash at closing and keeping strong monthly cash flow are separate parts of the decision.
How much cash can I take out?
The calculator reports cash under the new loan amount you enter. It does not establish the loan amount a lender will approve.
Accepted property value, rental income, coverage, leverage and any ownership timing rule must be checked for the proposed program. No typical DSCR cash out leverage or seasoning range is established here.
What are my net proceeds after payoff and costs?
Subtract all required payoffs and transaction charges from the new loan proceeds. A negative result means the entered scenario requires cash from you rather than producing cash out.
Keep each charge in one place. If the written payoff already includes the prepayment charge, do not subtract it again.
How does LTV change proceeds?
A larger entered loan to value percentage increases the modeled principal when value stays fixed. It can increase proceeds, while the associated loan payment may also change.
The tool does not assume the coverage test permits every balance that fits the value calculation. See DSCR Refinance: Rate and Term, Cash Out, Seasoning and Proceeds for the approval discussion.
How does the new payment change cash flow?
With the same revenue and operating expenses, the change in housing cost changes cash flow by the opposite amount. Enter any changed taxes or insurance too, rather than comparing principal and interest on one side with a full payment on the other.
This calculator gives an estimate only. It is not a loan offer or approval.
Sources
- CFPB Mortgage payment components. What goes into my total monthly mortgage payment; reviewed August 28, 2023. Checked October 16, 2026.
- Fannie Mae Mortgage Calculator. Disclaimer; How to use this calculator. Checked October 16, 2026.