The same math our underwriters run — DSCR and max loan sizing, the cash a refinance releases, what each prepayment structure really costs, short-term-rental income, flip leverage and cash-on-cash return. Live as you type. Estimates only; the term sheet is the real answer.
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01. Not a quote or a commitment to lend.
Under six months of ownership, the loan is sized against your documented cost basis rather than the new appraised value. This shows both sides of that line.
$90,000
Six months clear — the appraisal carries the number.
| Seasoning | 8 months — appraised value applies |
|---|---|
| Value the ratio is taken against | $520,000 |
| Maximum loan at 75% LTV | $390,000 |
| Existing payoff | $300,000 |
| Estimated cash to you | $90,000 |
ILLUSTRATIVE — Cash out is capped by the seasoning rule, the appraisal and final credit approval. Not a quote or a commitment to lend.
A shorter prepay costs rate every month you hold and saves a penalty only if you exit early. This compares the four structures on the sheet against your actual hold.
| STRUCTURE | RATE | PAYMENT | PENALTY AT EXIT | TOTAL COST |
|---|---|---|---|---|
| 5-4-3-2-1 | 6.625% | $2,561 | $12,000 | $12,000 |
| 3-2-1 | 6.875% | $2,628 | $4,000 | $6,393 |
| One year | 7.125% | $2,695 | $0 | $4,811 |
| None | 7.500% | $2,797 | $0 | $8,482 |
Over a 3-year hold, One year is the cheapest structure — $4,811 in added rate and penalty combined.
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01. Not a quote or a commitment to lend.
Underwriting qualifies a short-term rental on net income, not gross bookings. Convert twelve months of gross into the monthly number the ratio is actually built on.
1.33
Par band — the net income carries the debt comfortably.
| Twelve-month gross | $78,000 |
|---|---|
| Platform fees (15%) | −$11,700 |
| Management (20%) | −$13,260 |
| Net annual | $53,040 |
| Monthly qualifying income | $4,420 |
| Illustrative rate | 6.875% (includes the short-term-rental add-on) |
| PITIA | $3,328/mo |
| DSCR | 1.33 |
ILLUSTRATIVE — Priced from the Silt Rate Desk — Market Composite Sept 2026 sheet, effective 2026-09-01; a twelve-month history is normally required. Not a quote or a commitment to lend.
Multiply property value by an illustrative combined LTV, then subtract existing liens. This is equity arithmetic, not approval: actual combined LTV, value, fees and eligibility vary.
| 85% of estimated value | $0 |
|---|---|
| Less first mortgage | −$300,000 |
| Potential line before fees | $0 |
| Combined LTV after illustrative line | — |
| Published valuation path, subject to eligibility | Automated (under $400K) |
85% is an illustrative assumption, not a confirmed cap. Other liens reduce room; fees reduce net proceeds. The line is drawn in full at closing.
Run this scenario →How much can I borrow? · HELOC vs DSCR cash-out
Reviewed October 2026 · Silt Capital desk
Home equity lines are offered through a lending partner; Silt Capital does not originate HELOCs. Terms and eligibility are set by the lender.