Cash-out refinance calculator for Texas equity decisions
Pull equity from your home by refinancing into a larger loan and taking the difference in cash. For a Texas homestead, Section 50(a)(6) rules limit total secured borrowing to 80% of the home value. Enter your numbers and your own rate to estimate your cash, the new principal-and-interest payment, and the costs that affect the decision.
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What a cash-out refinance is
A cash-out refinance replaces your current mortgage with a larger one and hands you the difference in cash. People use it to consolidate higher-rate debt, fund a renovation, or access funds for another purpose, all secured by the equity already in the home. The trade-off is a bigger loan and, usually, a different rate, so the question is always two-sided: how much can you take, and what does the new payment look like. It is not the only way to tap equity: a home equity loan or line leaves your first mortgage in place, so it is worth weighing the two before you decide, which I walk through in cash-out refinance vs. home equity loan in Texas.
Use this as a cash-out refinance calculator Texas homeowners can run before we talk. It uses an 80% home-value ceiling, subtracts your payoff and costs to show the cash, and calculates principal and interest at the rate you enter. Include all mortgage liens being paid off in the balance. Remaining liens or a lower approved loan amount can reduce your available cash. Everything runs in your browser, so nothing you type is sent to me or stored.
If debt payoff is the goal, the debt consolidation refinance calculator compares current debt payments with the proposed mortgage over both five years and the full term.
How much cash you can take
For a Texas homestead, the maximum loan-to-value and combined loan-to-value for a Section 50(a)(6) loan is 80%. This calculator starts with 80% of your estimated home value and subtracts your mortgage payoff and closing costs. It assumes no other liens remain after closing.
The 80% ceiling is not an approval. An appraisal, underwriting, existing liens, and lender requirements determine the amount you can actually borrow. This estimate does not model investment properties or second homes.
Source: Fannie Mae: Texas Section 50(a)(6) underwriting and collateral requirements.
The costs that come out of your cash
Your mortgage payoff and closing costs reduce the cash available at closing. The payment estimate is principal and interest only; property taxes, homeowners insurance, and any HOA charges are additional. The calculator does not add mortgage insurance or a government-program fee.
Read the details on my cash-out refinance and Texas 50(a)(6) pages, then send me your scenario.
What this estimate is, and what it is not
This tool estimates your cash, the new loan, the payment, and the LTV from the numbers you enter. It is not an approval, a pre-qualification, or a commitment to lend, and it does not order an appraisal, pull your credit, or confirm seasoning. The official value comes from an appraisal, and your lender confirms program limits and timing before closing.
When you want real numbers, I review your actual Texas cash-out scenario, including your current rate, total costs, and whether replacing your mortgage makes sense.
Common questions
How much cash can I take out of my home?
For a Texas homestead, this calculator starts with 80% of your estimated home value, then subtracts your mortgage payoff and closing costs. Include all liens being paid off in the balance; the estimate assumes no other liens remain. The actual loan amount depends on the appraisal, underwriting, and lender requirements.
Can I use this as a cash-out refinance calculator for Texas?
Yes. This is one Texas homestead cash-out estimate under Section 50(a)(6). It does not model investment properties or second homes.
What is the maximum LTV for a cash-out refinance?
For a Texas homestead Section 50(a)(6) loan, the maximum loan-to-value and combined loan-to-value is 80%. The calculator assumes the new loan is the only lien remaining after closing. Lender requirements may reduce the amount available.
What does the payment estimate include?
The payment estimate includes principal and interest only. Property taxes, homeowners insurance, and any HOA charges are additional. Enter estimated closing costs separately because they reduce your available cash.
Is there PMI on a cash-out refinance?
The conventional Texas homestead cash-out estimate shown here stays at or below 80% loan-to-value and does not include monthly private mortgage insurance. This does not remove other costs such as property taxes or homeowners insurance.
How soon can I do a cash-out refinance?
Texas homestead cash-out refinances have state-specific notice and timing requirements, and lender seasoning rules also apply. Your lender confirms the exact window for your transaction before you rely on the estimate.
Want to know your real cash-out number?
Send me your home value and total mortgage payoff, and I will review your Texas cash-out scenario, the full costs, and whether replacing your current mortgage makes sense.