Andy Cookman | Your Mortgage Matters
Buyout calculator

How much of your equity can you actually access?

With a cash-out refinance, you can't touch the top 20% of your home's value. Enter your numbers to see what a cash-out can reach, then find out how to access more.

Include any home equity loan or line of credit.
Your spouse’s share of the equity (home value minus what you owe).
What your spouse actually receives at closing.
Includes all third-party fees, such as title policy fees, underwriting, appraisal, recording and any origination fees. I’ll give you a real estimate.

Your home’s equity

  • Current loan
  • Accessible with cash-out (up to 80%)
  • Locked by the 80% cash-out limit

Want to know how to access more of your home’s equity?

A divorce buyout refinance with an owelty lien can often go well past the 80% limit. Get your free equity report showing how much more you could access. I’ll email it to you and follow up with a quick call.

Texas homeowners, please read: FHA and VA loans do not allow cash-out refinances in Texas, and a conventional Texas cash-out refinance on your homestead is capped at 80% of the home’s value. So if you don't qualify for a conventional loan, or you have an FHA or VA loan today and want to buy out your spouse, a cash-out refinance isn’t an option. A divorce buyout refinance with an owelty lien is often the way to keep the house.

Estimates only, for education. This doesn’t include credit, income or debt-to-income qualification, and it isn’t a loan offer or commitment to lend. Maximum loan-to-value and eligibility depend on the loan program, the property, title history and the exact decree wording. Not legal advice; your attorney drafts the decree and owelty lien.

Let's talk about your home

Not sure where to start? A 15-minute call usually answers the big questions.

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