Estimating cash from an FHA cash-out refinance, line by line
Reading your result
How the math works
The estimate is a ceiling, not an offer. Lenders may set lower limits, the appraisal may differ and credit or income can reduce what you qualify for. If the result is small or negative, the payoff and costs already use up the room under the cap, and another route such as a second lien may fit better.
Last reviewed against the primary sources listed below.
Next steps
- Request Loan Estimates from two or three FHA lenders.
- Compare cash to you, total loan and payment.
- Confirm the eligibility rules in your situation.
Calculator questions
Why is my estimate negative?
Your liens and costs exceed the base loan cap, so a cash-out would not produce cash.