Compare blended rates and total costs. See whether keeping your current mortgage plus a HELOC costs less than a cash-out refinance. Free educational tool.
HELOC vs Cash-Out Refinance Calculator | HomeEquityNinja
Compare blended rates and total costs. See whether keeping your current mortgage plus a HELOC costs less than a cash-out refinance. Free educational tool.
HELOC vs. Cash-Out Refinance Comparison
Enter Your Current Mortgage
Enter Rate Estimates
Comparison Results
Option 1: Keep Current Mortgage + HELOC
Option 2: Cash-Out Refinance
Important Considerations
Get a personalized comparison
HomeEquityNinja is an educational resource. Personalized reviews by , NMLS .
Compare the blended rate of keeping your current mortgage plus a HELOC versus replacing everything with a new cash-out refinance. This is one of the most important comparisons for homeowners with a low-rate first mortgage.
We use your original loan amount and term to calculate your principal and interest payment. This excludes taxes and insurance, which vary by homeowner.
This tool gives you a starting point. Your actual best option depends on your credit, income, property type, and current lender guidelines.
Result sent to your email!
Enter your mortgage details and rate estimates to see the comparison.
This tool is for education only. Your actual options depend on your property, equity, credit, income, goals, program guidelines, interest rates, fees, state availability, and full application review. For an accurate comparison, request a personalized Home Equity Strategy.
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