Texas rental-property owners · DSCR cash-out
Your rental equity.
The full picture.
Explore DSCR cash-out refinancing for your Texas investment property. See estimated cash after payoff and costs—alongside the payment on the full replacement loan.
What is a DSCR cash-out refinance?
It replaces financing on an eligible rental property with a new loan that may leave cash after paying existing liens and transaction costs. A DSCR review considers accepted rental income against the lender’s qualifying payment. Available proceeds and terms depend on the lender’s review.
Start with the property and your purpose for the funds. This illustration does not confirm a program, rate, approval or appropriate use of loan proceeds. For a purchase or a broader financing comparison, see the Texas DSCR guide and existing rental-coverage calculator.
Cash + payment + rental coverage
Put numbers to the tradeoff.
No contact details needed.
Sample assumptions are editable.
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What the illustration includes—and leaves out
At selected LTV, new loan = property value × LTV. At target cash, new loan = (payoffs + other costs + penalty + desired cash) ÷ (1 − percentage charge). Net cash subtracts those payoffs and all modeled costs from the new loan.
PITIA combines principal and interest with entered taxes, insurance and HOA. Coverage is entered rent ÷ PITIA. The comparison uses the same property costs for both loans; it does not model mortgage insurance, retained subordinate debt, future rate changes, balloons or lifetime interest over different remaining terms. A lower modeled payment is not proof of savings.
Required reserves are separate from transaction expenses: some displayed cash may need to remain available. Later escrow refunds and future penalties on the new loan are excluded. Actual costs, qualifying rent, value, terms and availability require a lender review.
Before you decide
Good questions. Clear answers.
Is this calculator for my primary residence?
No. This page focuses on rental and investment-property financing. A home you occupy needs a different mortgage review. Use the general refinance guide or contact Adam for that situation.
Does the displayed cash amount mean I qualify?
No. It is arithmetic using your estimates. The lender must review the property, accepted rental income, borrower, ownership history, reserves and current program rules before determining available terms.
What does a DSCR of 1.0 mean here?
It means the rent you entered equals the modeled principal, interest, taxes, insurance and HOA payment. It does not establish eligibility, profitability or the lender’s accepted qualifying ratio.
What if I already have a low mortgage rate?
Compare the new payment on the full replacement balance with your current payments, net cash received and intended use of that cash. This tool does not determine whether refinancing is worthwhile.
Are reserves and prepayment terms included?
The separate penalty input covers an existing payoff penalty only when it is not already in the payoff estimate. Required reserves, future prepayment charges and later escrow refunds are separate from these modeled closing costs.
Background reading: CFPB closing-cost definitions distinguish costs, prepaids and cash to close. Its consumer disclosure example does not establish which disclosure rules apply to a business-purpose loan. Pennymac’s lender-specific DSCR profile illustrates why rent, reserves and cash-out rules require program review; it does not establish Adam’s access to that product.
Your next step
Let’s review your rental scenario.
A short conversation starts with the property, your plans and the tradeoffs. Share the city, intended use of funds and timing. Estimates and “not sure” are welcome.
- Clarify your goal and the existing loans.
- Identify documentation and lender questions.
- Compare cash proceeds, payment and prepayment terms before deciding.
Meet Adam Styer · NMLS #513013
(512) 956-6010
Prefer a broader review? See your mortgage options. For an owner-occupied home, start with the refinance guide.
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