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Cash-Out Refinance & HELOC
See how much equity you can access. Compare cash-out refinance vs HELOC — monthly payments, costs and break-even.
Your Home & Mortgage
Current Home Value $500,000
$
$50K$3M
Current Mortgage Balance $320,000
$
$0$2M
Current Mortgage Rate
%
Remaining Term on Current Mortgage
years
Max LTV Lenders Allow
%
Cash You Want to Access
$
Cash-Out Refinance Terms
New Refinance Rate
%
New Loan Term
Closing Costs (cash-out refi)
$
HELOC Terms (Alternative)
HELOC Interest Rate
%
HELOC Draw Period
years
HELOC Repayment Period
years
Equity Access Analysis
Available Equity
$0
Based on home value and LTV limit
0%
Current LTV
$0
Max Cash-Out
$0
Refi Monthly Payment
$0
HELOC Monthly (draw)
Option Comparison
Cash-Out Refi
New Balance: $0
Monthly Payment: $0
Closing Cost: $0
Total Interest: $0
HELOC
Credit Line: $0
Draw Payment: $0/mo
Repay Payment: $0/mo
Total Interest: $0
Refi — Total Cost of Cash
$0
HELOC — Total Cost of Cash
$0
⚠️
Which Option Is Better?
Calculating...
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HELOC vs Cash-Out Refi: A HELOC keeps your existing low mortgage rate intact — ideal if your current rate is below the new refi rate. Cash-out refi replaces your entire mortgage but may offer a lower rate than HELOC. Compare the total interest on both options above.
Access Your Equity Smartly
Our advisors compare lenders to find the lowest-cost way to access your home equity.