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Equal Housing Lender
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Government · VA · Cash-Out Refinance

VA Cash Out Refinance Loan Payment Calculator

Tap your equity up to 100% of your home's value. Estimate your max loan, cash back, funding fee, new payment, and the income you'd need to qualify.

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

Are you a disabled veteran?

Disabled veterans are exempt from the VA funding fee.

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

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Your current payment excluding taxes, insurance, and MI.

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

Summary

Max New Loan Amount (100% LTV)$500,000
Maximum Estimated Cash Back$185,000

Your Scenario

Desired Loan Amount$400,000Current balance + cash requested.
VA Funding Fee$03.3% of loan, waived for disabled veterans.
Final Loan Amount$400,000
Estimated Cash Back$88,000Includes ~3% estimated closing costs; varies by state. Not a Loan Estimate.

Payment Breakdown

Principal & Interest Payment$2,661
Monthly Insurance$200
Monthly Taxes$300
Property Tax Discount (disabled)-$300
HOA Paid Separately$0
Total Monthly Housing Expense$2,861
Monthly Income Target to Qualify$5,722Assumes a 50% DTI qualifying ratio.
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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