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Divorce buyout

How much you owe your spouse for their share of the home, the new loan you would need, and whether the payment fits on one income.

Cash owed to your spouse

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Total equity

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New loan amount

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New loan-to-value

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New monthly payment (P&I)

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Debt-to-income with the new loan

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When a divorce decree requires the buyout, Fannie Mae treats the refinance as rate-and-term, not cash-out. Ask the lender to code it that way. Being removed from the deed does not remove anyone from the mortgage; only the refinance does.

Estimates only, from the numbers you enter. Not an offer of credit. Taxes, insurance and program rules vary. lowest.mortgage is not a lender.