VA Cash-Out Maximum Calculator
Estimate how much equity may be available and what a hypothetical payment could look like.
VA program rules may permit a cash-out loan up to 100% of appraised value. That ceiling applies to the total new loan, including any financed VA funding fee—not to cash proceeds. Actual proceeds depend on appraisal, liens and payoff quotes, funding fee, closing costs, eligibility, underwriting, seasoning requirements, and lender overlays. This is not a quote or commitment to lend.
Educational estimate only—not a Loan Estimate, credit decision, commitment to lend, or guarantee. Actual eligibility, rates, fees, payments, and terms may differ.
A ceiling scenario, not a proceeds promise
Purpose and assumptions
This tool shows how different loan-to-value assumptions affect a hypothetical new loan and cash remaining after the debts and costs you enter.
The 100% scenario illustrates the VA program-rule ceiling against appraised value. That ceiling applies to the total new loan, including any financed VA funding fee—not cash proceeds. The 90% and 80% rows are comparison assumptions, not universal limits for a lender or another program.
Interpretation and next step
Actual proceeds can be lower because the appraisal, mortgage and lien payoffs, funding fee, closing costs, eligibility, seasoning, underwriting, and lender overlays all affect the transaction.
The estimate is not an approval, payoff quote, appraisal, or Loan Estimate. Ask a licensed loan officer to confirm whether a cash-out option is available for your property, state, and file.
Inputs to verify
- A supported appraisal-value estimate
- Current mortgage plus any lien or HELOC payoff
- Costs intended to be paid from proceeds
- First or later use and exemption status
- A user-supplied rate only when viewing payment
Total-loan ceiling waterfall
For a hypothetical $400,000 appraised value at a 100% total-LTV scenario with a 2.15% financed fee, the base is $400,000 ÷ 1.0215 = $391,581.01 and the fee is $8,418.99. Subtract a $300,000 payoff and $8,000 of entered costs from the base to get $83,581.01 of estimated proceeds. Use a dated payoff—not only a statement balance—and include liens or a HELOC being paid. Do not add the fee again; it is already inside the $400,000 total-loan ceiling.