Compare HELOC and cash-out refinance for the cash you need—see payments, net costs, and break-even.
All calculations are done locally in your browser.
We model your existing mortgage, then compare adding a HELOC (interest-only until draw ends) against replacing the loan with a larger refinance to extract cash.
If you need cash short term and rates are high, a HELOC can avoid resetting your whole mortgage. But watch variable-rate risk and draw/repayment terms.
Yes. Refi closing costs and potential HELOC fees affect the break-even. Adjust these inputs to see net cost differences.
Try Refinance Break-Even, Recast vs Refi, and Mortgage Calculator to validate assumptions.