USDA Cash Out Refinance Calculator
- By Jim Blackburn
- on
- Tags: Calculators, New Construction, Spec Homes
Turn Your Home Equity Into Smart, Tax-Free Cash
If you’re considering tapping into your home’s equity with a USDA cash out refinance, this calculator helps you estimate what you might qualify for—before you talk to a lender. Whether you’re paying off debt, funding home improvements, or relocating, understanding your cash-out options is the first step toward a more flexible financial future.
Input Summary
| Detail | Value |
|---|---|
| Current Loan Balance | $300,000 |
| Estimated Home Value | $500,000 |
| Cash Out Desired | $100,000 |
| Current Mortgage P&I | $2,100 |
| Monthly Insurance | $200 |
| Monthly Property Taxes | $300 |
| Estimated New Rate | 7.00% |
| Monthly HOA | $0 |
Pro-Tip: Want to Buy Another Home?
USDA loans are intended for primary residences only, but under specific conditions—such as relocating 50+ miles or facing extenuating life changes—you may still qualify for a second USDA purchase loan. Speak with a USDA-experienced mortgage advisor to confirm eligibility.
Results Snapshot
| Description | Amount |
|---|---|
| Maximum New Loan Amount | $500,000 |
| Desired Loan Amount (with estimated 3% closing costs) | $412,000 |
| Estimated Cash Back | $105,820 |
| USDA Upfront Guarantee Fee (1%) | $4,120 |
| Final Loan Amount | $416,120 |
| New Principal & Interest Payment | $2,768 |
| USDA Monthly Guarantee Fee (0.35%) | $121 |
| Total Monthly Housing Expenses | $3,390 |
| Estimated Monthly Income Required | $8,268 |
What This Means for You
By refinancing with a USDA cash-out loan:
- You could access over $100,000 in tax-free cash from your home
- Your new monthly housing expense may be higher—but it consolidates debts or covers future plans
- No private mortgage insurance (PMI), just the USDA’s guarantee fee
- You continue benefiting from USDA’s low interest rates and flexible underwriting
Next Steps: Start the Journey
With your cash-out potential estimated, now’s the time to connect with a USDA mortgage expert who can:
- Confirm your income and DTI eligibility
- Walk you through the required credit and appraisal steps
- Secure a loan that aligns with your financial goals
Get Your Custom USDA Cash-Out Refi
Ready to Take Your First Step?
Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.
- 💡 Takes just 5 minutes
- 📊 Tailored results based on your answers
- 🔒 No credit check required
Need a Pre-Approval Letter—Fast?
Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.
- 💡 Only 2 minutes to complete
- 📊 Quick turnaround on pre-approval
- 🔒 No credit score impact
Got a Few Questions First?
Let’s talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.
Schedule a CallImportant Disclaimer
This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.
