Cash Out Refinance Calculator

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Important information about using this calculator

This is not an offer to extend credit or lock in a specific rate or otherwise enter into an agreement. Information is based on terms that you provided and we may not offer loan programs on those terms. For more information about our loan programs, please consult with a Discover mortgage banker.

Benefits and Risks of Debt Consolidation: The relative benefits of a loan for debt consolidation depend on your individual circumstances and your actual debt payments. You will realize interest payment savings when you make monthly payments towards the new, lower interest rate loan in an amount equal to or greater than what you previously paid towards the higher rate debt(s) being consolidated. Keep in mind, though, while your monthly payments will be lower, in the long term you may pay more interest because the debt is extended over a longer period of time.

Your Cash Out Refinance Information

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Your Cash Out Refinance Results

See how much equity you can take out of your home with our Cash Out Refinance Calculator. You could use the cash to pay for home improvements, starting a business or other large expenses.

Then use our Debt Consolidation Calculator to estimate how much you'll reduce your debt payments, by consolidating your existing high interest debt into a new home loan, with one low monthly payment.

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