Calculators

Full cash-out refinance waterfall: the largest new loan the property supports across LTV, DSCR and debt-yield, then d...

Full cash-out refinance waterfall: the largest new loan the property supports across LTV, DSCR and debt-yield, then down through payoff, prepayment penalty and closing costs to net cash in hand. Includes NY CEMA savings when applicable. prepaymentPenaltyPercent is REQUIRED — omitting a penalty overstates the borrower's proceeds by its entire amount, so state 0 explicitly when there is none.

post/api/v1/tools/analyze_cash_out_refinance

Request

  • Base URL: https://relendi.com
  • URL: https://relendi.com/api/v1/tools/analyze_cash_out_refinance
  • Auth: none declared

Request body

noinumber required
propertyValuenumber required
existingLoanBalancenumber required
state'NY' | 'FL' required
ratenumber required

New loan rate, percent (6.85 = 6.85%)

amortizationYearsnumber required
prepaymentPenaltyPercentnumber required

Percent of payoff balance. Required — state 0 if none.

cemaEnabledboolean
maxLtvnumber
minDscrnumber
minDebtYieldnumber

Response

The computed result.

tool'analyze_cash_out_refinance' required
deterministicboolean
resultobject required

Result fields: maxNewLoan, bindingConstraint, byLtv, byDscr, byDebtYield, existingLoanBalance, prepaymentPenalty, totalClosingCosts, grossCashOut, netCashOut, newMonthlyPayment, newAnnualDebtService, newLtv, newDscr, newDebtYield, noCashAvailable, cemaSavings.fullMRT, cemaSavings.cemaMRT, cemaSavings.savings.

Changes

No recorded changes to this operation across all 1 revision of this API.