DSCR Refinance Calculator

DSCR (debt service coverage ratio) lenders don't ask for your W-2 — they underwrite the property's own income. Plug in your numbers to see your DSCR at a new rate, how much cash you can pull out, and what your payment looks like. Not financial advice.

Your property & loan

Property value ($)

Current mortgage balance ($)

Enter 0 for a free-and-clear property.

Monthly gross rent ($)

Monthly operating expenses ($)

Taxes + insurance + maintenance + vacancy reserve. NOT the mortgage payment.

New loan interest rate (% APR)

New loan term (years)

Max loan-to-value for cash-out (%)

Most DSCR lenders cap cash-out at 75% LTV; rate/term refis go to ~80%.

Closing costs (%)

How DSCR lenders think

DSCR = annual NOI ÷ annual mortgage payment. Most DSCR lenders want 1.25 or better; some accept 1.0–1.2 at a higher rate.
No personal income check. Underwriting is the property's cash flow plus your credit and reserves.
LTV matters too. A property that qualifies on DSCR still needs enough equity — typically 25% retained for cash-out.
Closing costs of 2–3% eat into your cash-out. Compare the new rate against your current one before deciding.