Question 1

Is cash received equal to cash-out amount?

Accepted Answer

Not exactly. Net proceeds are reduced by closing costs and other transaction fees.

Question 2

Why does term length matter so much?

Accepted Answer

Longer terms can lower monthly payment but often increase cumulative interest paid.

Question 3

Can this estimate include financed closing costs?

Accepted Answer

This version treats closing costs as out-of-pocket in the net cash calculation.

Question 4

Does this include taxes and insurance?

Accepted Answer

No, the monthly output is principal and interest only. Escrow items vary by property and lender.

Question 5

Is this an approval decision?

Accepted Answer

No. Final eligibility and terms depend on lender underwriting and property valuation.