A short-term loan has a maturity date, and the refinance that pays it off has its own rules. Use this hard money refinance exit planner to see whether a rental loan can retire your balance, how much cash changes hands at closing, and how long you have to act.
Refinance exit planner
See whether a rental loan can pay off your short-term loan before it matures, and what waiting or extending costs. Results are estimates, not a loan offer.
Cash at closing
—
After payoff and closing costs.
New loan amount
—
—
DSCR (rent ÷ payment)
—
—
Start the refinance within
—
To close before maturity.
Refinance now or wait for seasoning
- Value the lender uses today
- —
- Cash at closing today
- —
- Cash at closing once seasoned
- —
- Interest paid while waiting
- —
—
Refinance or extend the current loan
- Interest each month now
- —
- Payment change after refinance
- —
- Extension fee
- —
- Total cost of the extension
- —
—
Your figures are saved in this browser so the other calculators open with the same property. They are not sent to Jaken Finance Group unless you submit a request.
Three questions the planner answers
- Does the new loan cover the payoff? The planner subtracts closing costs and your payoff balance from the new loan. A positive result is cash back. A negative result is cash you bring.
- Is it worth waiting for seasoning? If the lender will use a higher value after a set period, the planner compares the added proceeds with the interest you pay while you wait.
- Should you extend instead? An extension costs a fee plus more months of interest. The planner totals that cost so you can weigh it against closing a refinance now.
Worked example: $207,000 payoff with four months left
The planner opens with this example. The owner has held the property for five months.
| Line item | Refinance today | After six months of ownership |
|---|---|---|
| Value the lender uses | $232,000 cost | $300,000 value |
| New loan at 75% | $174,000 | $225,000 |
| Closing costs at 3% | $5,220 | $6,750 |
| Payoff balance | $207,000 | $207,000 |
| Cash at closing | $38,220 to bring | $11,250 back |
Waiting one more month changes the result by $49,470 and costs about $1,811 of interest. With four months left and 30 days allowed for closing, the wait fits. A three-month extension on the same loan would cost $7,504: a $2,070 fee plus three months of interest.
What can shrink the refinance
- An appraisal below your estimate. Lower the value field to see how much cash a lower appraisal requires.
- Rent that does not cover the payment. When rent is the limit, the planner shows the rent needed to reach the full loan.
- Seasoning. Read DSCR loan seasoning requirements before you set a refinance date.
- A lease that is not signed. A lender may count market rent, a signed lease, or the lower of the two. Confirm which before you rely on the rent figure.
Related tools and guides
- Deal analyzer to compare selling with refinancing.
- DSCR cash-out calculator for itemized refinance proceeds.
- DSCR prepayment penalty calculator for the new loan's exit cost.
- Hard money to DSCR refinance guide for documents and timing.
- Hard money loan maturity refinance when the deadline is close.
- DSCR loans for program terms.
Request refinance terms · (833) 264-7776
Calculator outputs are educational estimates only. Seasoning rules, rates, terms and leverage vary by lender and program, are offered only to qualified borrowers, and are subject to change without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner-occupied investment properties.