Estimating cash from an FHA cash-out refinance, line by line
Line 4: costs from proceeds
How the math works
On a cash-out refinance, closing costs are usually paid from the loan rather than out of pocket, which reduces the cash you receive one for one. Lender credits can offset some costs in exchange for a higher rate. The Loan Estimate's Calculating Cash to Close table shows the result.
Last reviewed against the primary sources listed below.
Check the Loan Estimate for
- Total closing costs.
- Lender credits.
- Cash to close, which will show as cash to you.
Calculator questions
Can I pay FHA cash-out closing costs in cash instead?
Usually yes, which leaves more of the loan as cash to you.