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Cash Out Calculator
This calculator will help you decide if a new cash out first mortgage, a fixed rate second mortgage, or home equity line of credit is the best option for you. Please complete the fields below and press the "Get Results" button.
1. Current mortgage balance:
$
2. Current payment (principal and interest only):
$
3. Current interest rate:
%
4. Estimated property value:
$
5. Property type:
Single family residence - detached
Single family residence - attached
Single family residence with homeowners dues (PUD)
Low-rise condominium (4 stories or less)
High-rise condominium (5 stories or more)
2 units (duplex)
3 units (triplex)
4 units (fourplex)
6. Property state:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
District Of Columbia
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
7. Are you willing to document your income?
Yes
No
8. Please estimate your credit history:
Perfect
Excellent
Very Good
Good
Fair
Poor
Or, if you know your credit score, enter it here:
9. Loan type:
30 Year Fixed
15 Year Fixed
3/1 Treasury ARM
3/1 LIBOR ARM
5/1 Treasury ARM
5/1 LIBOR ARM
1-Year Treasury ARM
6 Month LIBOR ARM
2/6 ARM
FlexPay ARM
HELOC 10/10
30 Year Fixed due in 15
10. Debts to consolidate:
Payment
Balance
Second Mortgage
$
$
Credit Cards
$
$
Auto Loans
$
$
Other Loans
$
$
11. Additional cash out for other purposes:
Amount
$
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