House Hack Cash Out Refinance While Still Keeping Cashflow

[Aayush S.]

Hi BP,

Recently I've been getting into house hacking and I've been wondering whether my current plan to take out equity would be possible. My plan is to buy a house hack and owner-occupied for 1 year, either with a 3.5% FHA or 5% conventional. I was wondering if I were to wait say... 15 years or so and I had maybe 40% equity (assuming no appreciation), would I be able to cash out refinance down to 25% equity and still maintain the same cashflow I had with my 5% conventional or 3.5% FHA. The reason I ask this is that typically investor loans have higher interest rates so wouldn't that make my annual payment higher, or would the annual payment be pretty much the same due to their being less leverage implemented?

For example:

If I had a 100k property and put down 3.5% on an FHA and had cashflow x
In 15 years I had around 40k in equity and I still have cashflow at x
Could I cash-out refi down to 25% and take the 15k equity, while still maintaining or increasing cash flow x?