FHA Cash-Out Refinance Calculator
Calculate your available equity with Bergen County FHA loan limits
FHA Cash-Out Calculator
Calculate your available equity with FHA limits
2025 Bergen County FHA Loan Limit
Maximum FHA loan amount: $835,300
Cash-out limited to 80% LTV and FHA loan limits
Important Disclosure: The payment amounts shown are estimates for informational purposes only and are not an offer to lend. Actual payments will vary based on your specific situation and current rates. This calculator does not constitute a loan application, loan offer, or loan commitment. Final loan approval is subject to credit approval, verification of information provided, property appraisal, and other underwriting requirements. CMG Home Loans NMLS #1577754. Equal Housing Lender. Not all applicants will qualify.
Understanding Your Results
Maximum Loan-to-Value (LTV) Ratio
FHA cash-out refinances allow you to borrow up to 80% of your home's current appraised value. This is more conservative than the standard FHA purchase loan LTV of 96.5%, providing a safety margin for both you and the lender.
Example: If your home is worth $500,000, the maximum loan amount would be $400,000 (80% of $500,000). If you owe $300,000, you could potentially access $100,000 in cash before closing costs.
FHA Loan Limits in Bergen County
Bergen County is designated as a high-cost area, with an FHA loan limit of $835,300 for 2025. This limit caps the maximum loan amount regardless of your home's value or the 80% LTV calculation.
Note: If your calculated loan amount exceeds $835,300, you'll be limited to the FHA maximum. Consider a jumbo cash-out refinance for amounts above this limit.
Closing Costs and Fees
The calculator estimates closing costs at 2.5% of the loan amount, which typically includes:
- FHA upfront mortgage insurance premium (1.75% of loan)
- Appraisal and inspection fees
- Title insurance and attorney fees
- Recording fees and transfer taxes
- Origination and underwriting fees
Some closing costs can be rolled into your loan, reducing the amount deducted from your cash proceeds.
Credit Score Impact
Your credit score affects both eligibility and interest rates:
580+ Credit Score
Eligible for full 80% LTV cash-out
Below 580
Generally not eligible for FHA cash-out
Ready for Your Official Quote?
This calculator provides estimates based on current FHA guidelines. Get a personalized quote with exact amounts and rates based on your specific situation.
Calculator results are estimates only. Actual loan amounts depend on creditworthiness, property appraisal, and other underwriting factors. FHA loan limits apply. Terms subject to credit approval. NMLS #1577754