Cash-Out Refinancing VS Home Equity Loan Calculator
Which is better for you, cash-out refinancing or a home equity loan?
Amount of cash you need (loan amount): $
What is the current value of your home?
Interest rate on current mortgage:  %
Original term of current mortgage (in years):  Years
Original Balance on current mortgage:
How many more years do you plan to stay in your home? years.
Balance on current mortgage:
Interest rate on new mortgage:   %
Term of loan (in years):   yrs
Points (if any):
N/A For Canadian Residents – Please Leave At Zero		   pts
All other closing costs and pre-payment penalties: $
Interest rate:   %
Term of loan (in years):   yrs
   
RESULTS
Monthly payments on new loans: Cash-out:
Home Equity:
Total monthly payments of all home loan payments: Cash-out:
Home Equity:
Total cost over 25 years: Cash-out:
Home Equity: