Second lien vs. cash-out refi
The whole argument, in your own numbers. Change anything — the math updates instantly and the link in your address bar carries it, so you can send this to anyone.
Your first mortgage
The cash
The refi alternative
*Every figure is a modeling illustration built from the numbers you enter — not a quote, an offer, or available terms.
Keep the first, add a second
Wins- Total monthly payment
- $3,346
- Blended cost of all debt
- 4.50%
- Lifetime interest
- $390,075
Cash-out refinance everything
- Total monthly payment
- $4,093
- Everything repriced at
- 7.25%
- Lifetime interest + costs
- $882,501
What the math says
Keeping your first mortgage runs $747/mo less than repricing everything, and $492,425 less in lifetime interest.