DSCR Cash-Out Refinance Calculator

DSCR Cash-Out Refinance Calculator | 210 Mortgage

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Not sure whether your investment property qualifies?

Compare your numbers, explore potential financing structures, and request a review of your investment scenario.

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Calculator estimates are educational. A real mortgage professional can review your circumstances, documentation and lender requirements. A scenario review is not a loan approval or a guarantee of terms.

210 Mortgage | NMLS #219381

210 MORTGAGE • SCENARIO TOOLS

Turn rental equity into a plan for your next property

Estimate net refinance cash, test rental coverage, and see how much of your next investment purchase the proceeds could fund. All results are available without contact information.

1. Rental property and loan assumptions

Enter a lender-reviewed value and rent when available. LTV and DSCR are your assumptions, not universal program limits.

Value accepted for refinance ($)

Use the lender-eligible value, which may differ from a new appraisal because of seasoning.

LTV ceiling to test (%)

Enter a verified lender limit or your own planning assumption. No program limit is prefilled.

DSCR target to test (x)

For example, 1.20 means qualifying rent is 120% of modeled PITIA. This is not an approval threshold.

Qualifying monthly rent ($)

Use the rent accepted under your lender’s lease, appraisal or rental-income methodology.

Hypothetical fixed interest rate (%)

Enter your assumption or quote. This is not a currently available 210 Mortgage rate.

Amortization term (months)

360 = 30 years; 180 = 15 years. Interest-only mode shows the initial interest payment only.

Payment used for this DSCR model

Ask whether the lender qualifies on interest-only or amortizing payments.

Specific loan to test ($; 0 = modeled ceiling)

A positive amount tests your scenario even when it exceeds an entered limit.

Additional loan-size cap ($; 0 = no extra cap)

Optional lender loan-amount cap. Other lender restrictions still require review.

2. Property costs and rental cash flow

Taxes and property insurance are annual. Flood insurance, HOA and operating costs are monthly.

Annual property taxes ($)

Full-year taxes for the rental property, including reassessment when applicable.

Annual property insurance ($)

Full-year hazard insurance. Keep flood insurance separate.

Monthly flood insurance ($)

Enter 0 only when none applies.

Monthly association dues ($)

Monthly HOA or condo dues; enter 0 only when none applies.

Monthly rent for cash-flow planning ($)

Expected monthly rental receipts before the allowances below. May differ from lender qualifying rent.

Other monthly operating costs and allowances ($)

Management, repairs, maintenance, vacancy allowance and other costs. Exclude all costs already in PITIA.

3. Payoffs and refinance deductions

Use a dated payoff quote. Enter each charge once.

Total liens being paid off ($)

All existing liens must be retired in this model. Enter 0 for a debt-free property.

Other refinance costs and prepaids ($)

Total deductions excluding separately entered points, penalty and withheld funds. Avoid double counting.

Points and percentage lender fees (%)

Percentage of the gross new loan, deducted once from proceeds. Use 0 when none applies.

Old loan prepayment penalty ($)

Enter 0 if none applies or it is already included in the payoff quote.

Other funds withheld at closing ($)

Only actual lender-held deductions. Do not enter ordinary documented asset reserves here.

4. Plan the next investment purchase

Optional planning: use 0 for next property price when you have no property selected.

Cash you want to keep liquid ($)

Set aside from positive net proceeds before planning the next purchase.

Next investment purchase price ($)

Enter 0 if you have no property selected.

Next purchase down payment assumption (%)

Optional. Leave 0 when no next property is selected. Enter a positive assumption to model a purchase price. This does not establish financing availability.

Next purchase costs, repairs and reserves ($)

Total additional cash you expect to need beyond the down payment.

No contact information required. Numbers stay in the browser unless you choose to share them in a review request.

Your scenario estimate

Complete the numbered sections, then select Calculate.

ESTIMATED CASH TO YOU AFTER REFINANCE DEDUCTIONS

Additional cash required for this refinance
Gross new loan modeled
Loan ceiling under entered assumptions
What limits the modeled ceiling
New loan-to-value
Estimated gross-rent / PITIA DSCR
Monthly principal and interest (interest only in IO mode)
Monthly taxes, insurance and association dues
Total modeled monthly PITIA
Qualifying rent needed for your DSCR target
Points / percentage fees deducted
Total payoffs and refinance deductions
Signed settlement cash (+ to you; − cash in)
Monthly rental cash flow after entered operating costs
Requested liquid cash not covered by proceeds
Proceeds available for the next purchase
Cash needed for the next purchase entered
Additional cash needed for that purchase
Proceeds left after that purchase
Purchase price supported by proceeds and entered down payment
Test loan above modeled ceiling

Swipe or scroll the comparison table to see every column.

DSCR sensitivity: same rent, rate, expenses and LTV ceiling; targets are illustrations, not lender requirements.
DSCR target	Modeled loan ceiling	Cash to you	Cash required	Monthly PITIA

Gross qualifying rent ÷ PITIA is used for DSCR, not commercial NOI ÷ debt service. All existing liens are paid off. Lender credit, seasoning, property, cash-out caps and reserves are not automatically validated. Interest-only mode excludes later amortization or balloon payments. Negative cash flow can occur even when DSCR exceeds 1.00.

Want me to review these numbers?

Ask about accessing rental equity or funding your next investment. You may optionally attach these assumptions and results. Do not send private financial documents through this form.

Educational estimates, not approval, a rate quote or a commitment to lend. Entered rates are hypothetical modeling assumptions, not currently available 210 Mortgage rates. No APR calculation, future-rate forecast or automatic eligibility decision. Investment-property planning only, not a Texas homestead equity tool. No automatic lender matching, tax advice or underwriting approval. Next-purchase figures are cash budgets, not loan qualification. Actual closing documents control. 210 Mortgage • Tyler Krug NMLS #219381 • Mortgage loans originated through My Community Mortgage, LLC NMLS #2408499 • Equal Housing Lender. See site licensing and disclosures.

How to Use the DSCR Cash-Out Refinance Calculator

Step 1: Rental property and loan assumptions

Enter the value the lender would accept for this refinance, qualifying monthly rent, the LTV ceiling and DSCR target you want to test. Seasoning can change the eligible value. Enter the hypothetical rate and term. Choose fully amortizing or interest-only. Leave the test-loan field at 0 to size the loan from your assumptions, or enter a positive loan amount to test it. An optional loan cap is separate from the LTV limit.

Step 2: Property costs and rental cash flow

Enter annual property taxes and hazard insurance, monthly flood insurance and HOA dues. Enter actual expected monthly rent for the cash-flow estimate; this may differ from lender qualifying rent. Add monthly management, maintenance, vacancy and repair allowances in operating costs. Do not include taxes, insurance, HOA or mortgage payments in operating costs because those are already counted. If your rent already reflects vacancy losses, do not deduct the same losses again in operating allowances.

Step 3: Payoffs and refinance deductions

Enter the total payoff of every lien being retired, including accrued interest and payoff fees. Enter the old loan prepayment penalty separately only if it is not already in the payoff. Enter other closing costs, prepaids and initial escrow deposits, excluding points, the separate penalty and lender-withheld funds. Points are calculated as a percentage of the new loan. Enter only amounts actually withheld from proceeds as lender-held funds; documented asset reserves are not automatically a closing deduction.

Step 4: Plan the next investment purchase

Choose how much of positive refinance cash you want to keep liquid. Enter the next property price, assumed down payment percentage, and total additional purchase cash for closing costs, repairs and reserves. The result compares those needs with refinance cash alone. It does not qualify the next property or count existing savings. If no next property is selected, the next down payment may remain 0; no purchase-price budget is shown until you enter a positive percentage.

Calculate, compare and request a review

Choose Calculate to see your estimate. Change one assumption at a time and calculate again. Contact information is optional. Use the optional review form or the contact options in the site footer when you need help verifying the inputs.

How the Calculator Works

Monthly non-loan housing cost = annual taxes / 12 + annual property insurance / 12 + monthly flood insurance + monthly HOA. PITIA = modeled mortgage payment + those costs. DSCR = qualifying monthly rent / PITIA. Rent-supported loan = max(0, rent / DSCR target − monthly non-loan housing cost) / payment per dollar. The modeled ceiling is the smaller of that amount, value × LTV ceiling, and any positive loan-size cap, rounded down to cents. Net settlement cash = loan − all entered payoffs − other costs − points × loan / 100 − penalty − withheld funds. Cash to you = max(0, net); cash in = max(0, −net). Next-purchase funds = max(0, cash to you − retained cash). Purchase-price budget = max(0, next-purchase funds − next costs) / (down payment percentage / 100).

Example calculation

Hypothetical arithmetic example, not a rate offer: $400,000 value and a 75% LTV assumption give a $300,000 value ceiling. With $3,000 qualifying rent, a 1.20 target, a 0% fully amortizing test rate over 360 months, and $600 monthly non-loan housing costs, rent supports $684,000, so value limits the loan to $300,000. A $200,000 payoff, $5,000 other costs, 1 point ($3,000), and $2,000 penalty leave $90,000. Keeping $10,000 liquid leaves $80,000. A $300,000 next purchase at 25% down plus $8,000 additional costs needs $83,000: a $3,000 gap. The zero rate is used only to make the example independently checkable.

How to interpret your results

Cash to you is borrowed money secured by the rental, not profit or newly created equity. Read the entered-limit warning before relying on a test loan. DSCR uses qualifying rent; cash flow uses separately entered expected collected rent and operating allowances. A DSCR above 1.00 does not by itself show positive investment cash flow. The next property requires its own financing and property review.

Assumptions and factors that change the result

Constant fixed rate and property costs. Initial interest-only payment is shown only when selected; no later recast is modeled. No universal DSCR, LTV, minimum loan, maximum cash-out, credit, occupancy, rent haircut, reserve or seasoning requirement is assumed. Use lender-accepted value and rent. No subordinate lien remains. Cash-out proceeds may not satisfy a lender’s separate reserve-source rules. Funds required for both transactions must be reviewed without counting the same dollars twice. No automatic credits, future appreciation, tax effects, legal classification or eligibility determination.

Frequently asked questions

Is 80% cash-out or a 1.00 DSCR available to everyone?

No. LTV, DSCR treatment, loan size, credit, property type, ownership history and other conditions vary by lender and transaction. Enter the assumptions you want to test and have them reviewed.

Does the calculator use NOI?

No. It uses lender qualifying gross monthly rent divided by modeled PITIA. A commercial NOI-to-debt-service calculation deducts operating expenses in its numerator and is a different methodology. This tool separately estimates cash flow using expected collected rent less PITIA and the other operating costs you enter.

Can I refinance a recent purchase or completed renovation?

That needs lender review. Seasoning, documented improvements, eligible value and delayed-financing rules may change the amount available. The calculator does not treat your appraisal or renovation cost as automatically eligible.

Are lender reserves a fee?

Not necessarily. Assets a lender requires you to document may remain yours and may not be deducted at closing. Enter only actual withheld funds as closing deductions. Separately reserve the liquidity you intend to keep. Verify whether refinance proceeds can satisfy reserve requirements.

Does this approve the next property?

No. The next-property section compares cash requirements with modeled refinance proceeds. It does not test that property’s DSCR, loan approval, rate, appraisal, or your remaining liquidity.

What if I want a loan larger than the modeled ceiling?

Enter it in the specific-loan field. The calculator will show its payment, DSCR, proceeds and excess above the limits you entered, with an explicit warning.

Can the calculator handle a lien that stays in place?

No. It assumes every existing lien is paid off. Remaining subordinate debt requires separate CLTV and payment treatment.

How do I compare interest-only with amortizing payments?

Select the payment basis and recalculate with the same assumptions. Interest-only mode shows the initial payment only. Some lenders qualify on another payment basis, and future amortization can materially increase the payment.

Related 210 Mortgage guides

Methodology sources

Methodology references checked October 14, 2026. Mathematical comparisons do not replace the applicable lender’s review.