Your home has equity.
Put it to work.
Access up to 80% of your home's value. Pay off debt, fund renovations, or invest — at mortgage rates far below credit cards.
What will you use the cash for?
Today's Cash-Out Rate
6.37%
30yr Fixed · APR varies · See personalized rate
Your Cash-Out Equity Calculator
Your Equity
$170,000
Max Cash-Out
$80,000
New Payment
$2,058/mo
✓ You qualify for up to $80,000 cash-out at 80% LTV.
No SSN required · Soft credit pull only · Takes 60 seconds
5,000,000+
Homeowners Served
$700B+
Loans Funded
4.8★
Average Rating
NMLS #2611
Licensed & Regulated
Live Wholesale Rates
Today's cash-out refinance rates
Rates update in real time from FRED. APR and points vary by loan profile.
30yr Fixed
6.37%
+0.070%
15yr Fixed
5.72%
+0.080%
FHA 30yr
6.39%
+0.044%
VA 30yr
5.96%
-0.016%
Jumbo 30yr
6.55%
+0.129%
5/1 ARM
6.00%
-0.020%
APR varies based on loan type, credit score, and terms. Rates are not an offer to lend. Representative APRs shown above.
Why Cash-Out Refi
Smarter than a personal loan or HELOC
Lower rates than credit cards
Mortgage rates are typically 10–15% lower than credit card APRs. Consolidate high-interest debt and save thousands.
Access up to 80% LTV
Turn your home equity into cash for renovations, college tuition, investments, or any major expense.
One simple payment
Roll your existing mortgage and new cash into a single monthly payment — often lower than your current mortgage + debt payments combined.
How your cash-out refi works
See your equity
Enter your home value and balance above. Our calculator shows your maximum cash-out in seconds.
Get your rate
Answer a few questions — no SSN, no hard pull. See your personalized cash-out rate instantly.
Close in 21 days
Our AI-powered process moves fast. Most cash-out refis close in 3 weeks or less.
Have questions about cash-out?
Tony can explain LTV limits, tax implications, and whether a cash-out refi or HELOC makes more sense for your situation.
Hi there! I'm Tony AI, your mortgage advisor from Turn Times. I'd be happy to explain how a cash-out refinance works and what factors determine how much equity you can access.
What is a Cash-Out Refinance?
A cash-out refinance allows you to replace your current mortgage with a new, larger mortgage and receive the difference in cash at closing. You're essentially converting a portion of your home equity into liquid funds.
How it Works:
- New Loan, Higher Amount: You get a new mortgage for more than you currently owe on your home.
- Pay Off Old Loan: The new loan pays off your existing mortgage.
- Receive Cash: After paying off your old loan and covering closing costs, you receive the remaining funds directly.
- New Terms: You'll have a new interest rate, loan term, and monthly payment.
Why Do People Get a Cash-Out Refinance?
People often use cash-out refinances for various reasons, such as:
- Home improvements or renovations: Boost your home's value and enjoyment.
- Debt consolidation: Pay off high-interest credit cards or other loans.
- College tuition or other major expenses: Fund education or other significant life events.
- Investment opportunities: Use the cash for other investments.
How Much Equity Can You Access?
The amount of cash you can access depends primarily on your home's appraised value and the loan-to-value (LTV) limits set by lenders and loan programs.
Here's a general breakdown by loan type:
- Conventional Loans (Fannie Mae/Freddie Mac):
- Typically allow you to borrow up to 80% of your home's appraised value.
- So, if your home is appraised at $500,000, you could potentially get a new mortgage up to $400,000. If you owe $200,000, you might get around $200,000 in cash (minus closing costs).
- Some programs might go slightly higher, but 80% is a common benchmark for cash-out.
- FHA Loans:
- Generally allow you to borrow up to 80% of your home's appraised value.
- FHA cash-out refinances have specific rules and require both upfront and annual mortgage insurance premiums (MIP).
- VA Loans:
- Often allow you to borrow up to 100% of your home's appraised value for a cash-out refinance. This is a significant advantage for eligible veterans and
Ask Tony AI provides general mortgage education — not personalized financial advice. For a rate quote or pre-approval, speak with a licensed loan officer.
Ready to access your equity?
See your personalized cash-out rate in 60 seconds. No SSN required.
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