Cash-Out Refinance Calculator

Q: How much can I cash out of an investment property?

Most investment-property cash-out refinances cap the new loan around 70 to 75 percent of the value. Your cash out is that new loan minus your existing balance and closing costs, so the more equity you hold, the more you can tap.

Q: Is cash-out refinance money taxable?

Generally no. Loan proceeds are not income, so a cash-out refinance is typically not taxable at closing; confirm with your tax professional. You are borrowing against your equity, and you repay it through the new loan.

Q: Why do investors use cash-out refinances?

To recycle equity into the next deal without selling, the refinance step of the BRRRR method. It frees up capital for another down payment while keeping the appreciating asset and its cash flow.

See how much equity you can put back to work.

Current property value$Current loan balance$Max LTV%New loan rate%AmortizationyrsClosing costs$

Cash you can pull out

$121,500

Net, after closing costs

Generally not taxable at closing since it's loan proceeds, not income; confirm with your tax advisor. Common BRRRR and portfolio-growth move.

New loan (value × 75%)$337,500

Pays off current balance$210,000

Closing costs$6,000

New monthly payment$2,245

Start my cash-out

Inputs are pre-filled with example figures, edit them to match your deal. Estimates only, for planning purposes, and not a rate quote, an offer, or a commitment to lend. Your actual rate and terms depend on a full review of your deal.

A cash-out refinance replaces your current loan with a larger one and hands you the difference, generally tax-free at closing because it is debt, not income (confirm with your tax advisor). This calculator shows the maximum new loan at your target LTV, the net cash after paying off the existing balance and closing costs, and the new monthly payment.

Common questions

How much can I cash out of an investment property?

Is cash-out refinance money taxable?

Why do investors use cash-out refinances?

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