# Bills.com's Cash Out Refinance Calculator

Do you have equity in your home? Do you need cash to consolidate debt, make home improvements, or pay for college expenses?

# How to Use the Cash Out Refinance Calculator

Use Bills.com's Cash Out Refinance calculator to see how much money you can take out of your home. Put in details about your home value, current mortgage, and today's mortgage rates. The calculator will let you know how much money you can take out of your home and the new monthly payment.

Follow these four steps and Get a free cash-out mortgage quote

1
How Much Equity Do I Have In My Home?
2
How Much Cash Can I Take Out?
3
How Much is My Monthly Payment?
4
Calculate Your New Cash-Out Mortgage Payment

# Bills.com Cash-Out Mortgage Calculator

Do you have equity in your home? Do you need cash to consolidate debt, make home improvements, or pay for college expenses? Use Bills.com's Cash Out Refinance Calculator and find out how much you can borrow and your monthly payments.

Your home equity depends on the value of your home and your mortgage balance. If you have more than one mortgage, then use the total amount for your “Mortgage Balance.” The result box shows both your Loan to Value ratio (LTV) and the total amount of equity, in dollars, you have based on current values.
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LTV
(Loan to Value Ratio)
My Equity is Now:
After completing step one you have a good idea of how much equity you have in your home. However, the amount of cash you can take out of your home depends on lenders underwriting rules. In general, lenders offer up a LTV up to 80%, although some lenders do offer higher ratios.
Maximum Cash Available Is:
Your current monthly payment (principal and interest) is based on your mortgage balance (see step 1), the number of years left to pay, and your current interest rate. If you have mortgage insurance, then you will need to add this to your overall calculation. We recommend that you contact us for further advice.
Existing Mortgage Payment Is:
Figure Out How Much Your Payment will be based on current mortgage rates, the length of the new loan, and the amount you wish to add to your current mortgage
Your New Cash-Out Mortgage Payment Will Be: