Current Mortgage
The New Cash Out
Scenario A
Keep Mortgage + HELOC
Current P&I
$0
HELOC Payment (Int. Only)
$0
Total Monthly Cost
$0
Plus you maintain your low rate.
Scenario B
Cash-Out Refinance
New Loan Amount
$0
New P&I Payment
$0
Total Monthly Cost
$0
Includes closing costs rolled in.
The Verdict
Calculating the best route...