CalHFA Conventional Refinance Calculator
Refinance an existing CalHFA Conventional loan with a limited cash-out HFA Preferred™ refinance — see the new loan amount, payment, savings, and break-even.
How the CalHFA Conventional refinance works
- This program refinances a current CalHFA Conventional loan into a new Fannie Mae HFA Preferred™ limited cash-out first mortgage.
- No new down payment assistance is available on a refinance — MyHome, ZIP, and MyAccess are purchase programs.
- Existing CalHFA assistance loans cannot be resubordinated. They must be paid off in full at the refinance — include the balance below so it is rolled into the payoff math.
- Temporary buydowns are not available on CalHFA refinance programs.
Your current loan & new refinance
Total balance of any MyHome, ZIP, or MyAccess loans — they must be paid off in full at this refinance. Enter 0 if you have none.
Defaults to CalHFA's current Standard Rate Lock rate for this program, updated automatically from CalHFA's published rates.
Limited cash-out rules apply — see the flag below.
Your county & income limit
CalHFA income limit for Los Angeles County: $214,000.00
Sales price limit: CalHFA sets no sales price limit.
Verify the income limit on CalHFA's official income limits sheet
Your refinance results
Total loan amount: —
Your first-mortgage payoff and CalHFA assistance payoff are rolled into the new loan amount either way. Taxes and insurance are estimated at 1.25% and 0.25% of home value per year.
CalHFA Conventional refinance at a glance
- The property must be a primary home (owner-occupied) only. The borrower(s) and all co-borrower(s) must live in the property — non-owner-occupied co-borrower(s) are not allowed.
- You must be refinancing a current CalHFA Conventional loan.
- Minimum credit score 680 (660 if your income is at or below Fannie Mae's HomeReady 80% AMI low-income limit). No manual underwriting.
- Maximum debt-to-income ratio 45% (50% if your credit score is 700 or higher).
- Your income must be within CalHFA's limit for your county.
- Maximum LTV 97% (95% on High Balance loans over $832,750.00).
- CalHFA lender fees are capped at the greater of 3% of the loan amount or $3,000.00, plus a $250.00 funding fee and $85.00 tax service fee.
- Official program details: CalHFA Refinance Loan Programs Handbook (PDF) — covers the Conventional limited cash-out refinance program.
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For educational purposes only. Figures are estimates based on the loan amount, note rate, and term you enter; they are not a loan offer, commitment to lend, or a guarantee of any rate or payment. Actual rates, payments, taxes, insurance, and qualification depend on credit profile, property, and lender approval. The CalHFA Conventional refinance is a limited cash-out refinance of an existing CalHFA Conventional loan; existing CalHFA subordinate loans must be paid in full and cannot be resubordinated. Program terms per CalHFA (calhfa.ca.gov), checked October 2026; limits and terms change — confirm current terms before applying.