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Government · FHA · Cash-Out Refinance

FHA Cashout Refinance Loan Payment Calculator

Grab your most recent mortgage statement. Estimate your maximum loan at 80% LTV, cash back, mortgage insurance, new payment, and the income you'd need to qualify.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

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Use an appraisal, online estimate, or your best guess.

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Your current mortgage payment excluding taxes, insurance, and MI.

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If unsure, assume a rate 0.5% lower than your current one.

Are you thinking about buying another home with your cash out to continue your wealth journey?

Summary

Maximum Loan Amount (80% LTV)$400,000Subject to HUD county loan limits for FHA loans.
Maximum Estimated Cash Back$88,000

Your Scenario

Desired Loan Amount$400,000Current balance + cash requested.
Upfront MIP (UFMIP, 1.75%)$7,000
Final Loan Amount (Desired + UFMIP)$407,000
Estimated Cash Back$91,000Includes ~4% estimated closing costs; varies by state. Not a Loan Estimate.

Payment Breakdown

Principal & Interest Payment$1,264
Estimated Monthly MI$254Estimated FHA monthly mortgage insurance; may be lower for your scenario.
Monthly Insurance$200
Monthly Taxes$500
HOA Paid Separately$0
Total Monthly Housing Expense$1,964
Monthly Income Target to Qualify$3,928FHA generally allows 43% DTI, up to 50% with strong compensating factors.
See My Options

Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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