What does a $300K DSCR rental refinance cost?

The short answer, as of October 2026

• Payoff only: a $185,251 loan at 7.27%, with the $10,251 of closing costs rolled in.
• Cash-out: a $240,000 loan (80% of value) at 8.15%; $53,551 comes to you after the payoff and $11,449 of costs.
• There is no origination fee. The biggest lines are title, our 1% broker fee and the lender’s $2,295.
• Reserves: 6 months of the new payment in your account, $11,346 or $14,466.

Capital Kings LLC is a broker, not a lender. We compare every file across 400+ lenders and send the term sheet with every fee on it before you sign.

Every dollar, line by line

A $300,000 single-family rental with a $175,000 payoff, renting for $2,450, 745 credit, 30-year fixed. The real term sheet for both refinances, every line labeled by who gets paid:

Payoff onlyCash-out

Open the full term sheet →

Cash to close$0

Proof of funds to show$11,346

Every fee, and who gets paid

• Lender fees, underwriting and legalLender$2,295
• Broker feeBroker$2,000
• Closing / titleTitle co$1,853
• Property insuranceInsurer$1,500
• Escrow setup, 3 months of taxesLender$1,500
• Prepaid interestLender$553
• Appraisal feeAppraiser$550

The $10,251 of closing costs roll into the new loan. Proof of funds is $11,346 of reserves, 6 months of the payment. The gold broker line is the only money Capital Kings earns.

A sample sheet for a made-up borrower, built the same way yours is. Yours takes about five minutes and doesn’t pull your credit.

Compare the options

The cash-out loan is bigger, so the fees that scale with the loan (title and our broker fee) are bigger too.

Every closing cost on a $300,000 refinance

745 credit, $175,000 current payoff, $2,450 a month of rent, single family, 5-year step-down prepayment penalty. The payoff-only loan rolls its closing costs in; the cash-out loan takes them out of your proceeds. Either way nothing is due at closing. Taxes and insurance are estimated at 2% and 0.5% of value until we have the real bills. Rates as of October 2026.

Where the numbers come from

A payoff-only refinance (rate-and-term) pays off the old mortgage and rolls the closing costs into the new loan, so the new loan is the payoff plus $10,251: $185,251, 61.8% of the value. A cash-out goes to 80% of the value at 720+ credit, and you get what is left after the payoff and the costs.

The rate is higher on a cash-out. On this rental it is 8.15% against 7.27%, partly because cash-out adds about 0.37% over a purchase (payoff-only adds 0.19%) and partly because the loan sits at a higher loan to value. The bigger loan also costs $520 a month more in payment.

The rent still has to cover the payment. $2,450 against the cash-out payment of $2,411 is a 1.02 DSCR. If the rent were lower, the cash-out loan would shrink to what the rent covers.

Four things to check

• Compare the two on payment, not just cash.The cash-out here is $53,551 in hand for $520 a month more.
• Check seasoning first.Most lenders want you to own the rental more than 90 days before a cash-out, and size on what you paid plus rehab until about 180 days.
• Have the lease ready.A signed lease is best. A vacant unit is sized on the appraiser’s market rent.
• Ask for the prepayment penalty you want.A shorter penalty costs a little more in rate if you might sell or refinance again soon.

Straight answers