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Today's Cash-Out Refinance Rates

A cash-out refinance lets you access equity while refinancing your mortgage. Get a Lower rate today.

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Today's Cash-Out Refinance Rates

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Lower offers cash-out refinances in 47 states and Washington, DC. Lower’s 30-year cash-out rate today is 7.375% (7.759% APR) with 2.273 discount points. Rates can vary by state. Rates as of November 3, 2026.

How much cash could you take out?

A cash-out refinance replaces your mortgage with a larger loan, and you get the difference in cash. Here’s how that works out on an example home worth $400,000, depending on what you still owe.

Estimated cash before closing costs on a $400,000 home with a new loan at 70% of its value, by how much you still owe on your mortgage (shown as a share of the home’s value).

If you still oweCash with a new loan of $280,000 (70% of value)
20% of value ($80,000)$200,000
30% of value ($120,000)$160,000
40% of value ($160,000)$120,000
50% of value ($200,000)$80,000

Try your own numbers

New loan at 70% of value: $280,000

Estimated cash before closing costs: $120,000

Estimated monthly principal and interest at 7.375% (7.759% APR): $1,933

How we got these numbers: We use an example $400,000 home and a new loan at 70% of its value, the loan-to-value Lower’s cash-out rate is quoted on. Borrowing more, up to the 80% limit that generally applies to a one-unit primary home, may mean a higher rate. Each estimate is the new loan amount minus what you owe, before closing costs and any discount points. A “—” means the new loan wouldn’t cover what you owe. These are examples, not an offer: your actual amount depends on your appraisal, your credit, your debt-to-income ratio and the property. See how much you can cash out on a refinance.

Cash-out refinance payment examples

Estimated monthly principal and interest on a 30-year fixed cash-out refinance at Lower’s rate today of 7.375% (7.759% APR), by new loan amount. Rates can vary by state.

Monthly principal and interest by new loan amount, at 7.375% (7.759% APR), rates as of November 3, 2026.

New loan amount30-year fixed at 7.375% (7.759% APR)
$200,000$1,381
$300,000$2,072
$400,000$2,762
$500,000$3,453

Payments don’t include property taxes, insurance or mortgage insurance. The quoted rate assumes 2.273 discount points, or about $6,819 on a $300,000 loan, paid at closing. Your state’s page below has its exact rate. A cash-out refinance applies the new rate to your whole balance, not just the cash you take out, so compare it with your current rate. See whether a cash-out refinance is a good idea.

How a cash-out refinance works

  • A new, larger mortgage. Your new loan pays off your current mortgage, and you receive the difference in cash at closing. What is a cash-out refinance?
  • One loan, one rate. You keep a single mortgage payment instead of adding a second loan. The new rate applies to the whole balance; today’s 30-year example is 7.375% (7.759% APR).
  • A limit based on your equity. Conventional cash-out loans on a one-unit primary home generally top out at 80% of its value.
  • Closing costs apply. Like any refinance, a cash-out refinance has closing costs, and you may pay points to lower your rate. How does a cash-out refinance work?

Cash-out refinance vs. HELOC vs. home equity loan

Three ways to borrow against your home.

Cash-out refinanceHELOCHome equity loan
How you get the moneyLump sum at closingCredit line you draw fromLump sum
Your current mortgageReplaced by a new, larger loanStays in placeStays in place
RateFixed or adjustable, on the whole balanceFixed at Lower; variable at many lendersUsually fixed
Good fit forLowering your rate and taking cash at onceCosts that come in stagesOne large, known cost

Compare in detail: HELOC vs. cash-out refinance · cash-out refinance vs. home equity loan.

Cash-out refinance rates by state

See today’s rate, how much cash you could take out and example payments for your state.

Rates: Lower, as of November 3, 2026. Examples only; not an offer of credit. Lower, LLC, NMLS #1124061.

What Are Today's Cash-Out Refinance Rates?

Lower's 30-year conventional cash-out refinance rate today is 7.375% (7.759% APR). Cash-out refinances replace your current mortgage with a larger loan and pay you the difference, so the rate applies to the entire new balance. Rates as of November 3, 2026, based on the loan assumptions in the rate disclosures. Your rate depends on your credit, equity, property and loan terms.

Are Cash-Out Refinance Rates Higher Than Regular Refinance Rates?

Usually, yes. Today, Lower's 30-year cash-out refinance rate (7.375%) is about 0.25 percentage points higher than its 30-year rate-and-term refinance rate (7.125%). Lenders often price cash-out loans higher because the new balance is larger and more of your equity is borrowed. Rates as of November 3, 2026, based on the loan assumptions in the rate disclosures. Your rate depends on your credit, equity, property and loan terms.

How Much Cash Can You Take Out With a Cash-Out Refinance?

Conventional and FHA cash-out refinances generally cap the new loan at 80% of your home’s appraised value, so you typically keep at least 20% equity. VA cash-out loans may allow more for eligible borrowers. Lender limits vary. See how much you can cash out on a refinance.

Is a Cash-Out Refinance or a HELOC Better?

It depends on your current mortgage rate and how you plan to use the money. A cash-out refinance replaces your whole mortgage, so it can make sense when the new rate is close to or below your current one. A HELOC leaves your first mortgage in place and lets you borrow as needed, usually at a variable rate. Compare HELOC vs. cash-out refinance.

What Credit Score Do You Need for a Cash-Out Refinance?

Requirements vary by loan type and lender. Conventional cash-out refinances commonly require a score of at least 620, and higher scores usually qualify for better pricing. See cash-out refinance credit score requirements.

Are There Closing Costs on a Cash-Out Refinance?

Yes. Like any refinance, a cash-out refinance carries closing costs, often a few percent of the new loan amount, which can usually be paid upfront or rolled into the loan. See cash-out refinance closing costs.

Find Out Why Our Customers Love Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Stacey is a pleasure to work with. She kept me up to date and on track for my refiannce.

Joe C.

Verified Customer

August 5, 2026

5.0

Katie was wonderful to work with on this refinance she is on top of everything. Refinancing can be difficult but her commitment to making sure my experience went smoothly and with out a hiccup was great. I will use he…r again in the future for sure .

Gregory M.

Verified Customer

September 1, 2026

5.0

Mike was absolutely great to work with! He made the refinance process easy and stress-free, was very professional, responsive, and always took the time to answer my questions. I truly appreciate his help and highly recommend Mike to anyone look…ing for someone trustworthy and knowledgeable.

Kris G.

Verified Customer

September 10, 2026

5.0

Katie did an amazing job helping us refinance our home almost 6 years ago. Her knowledge, professionalism and wonderful sense of humor made the process easy and stress free. The new loan made our dream of owning our home happen sooner, while s…aving money. I have and would recommend Katie to friends and family interested in buying a home for their first time or refinancing their current one.

Lynn W.

Verified Customer

October 9, 2026

5.0

Tyler was great to work with throughout the entire process. He was very responsive, knowledgeable, and always took the time to answer my questions and keep me updated. The whole refinance process was smooth and straightforward. I really appreci…ate his help and would definitely recommend him. Thank you, Tyler!

Fouad Z.

Verified Customer

August 24, 2026

5.0

Great experience! Cindy was amazing to work with. She is very knowlegable and led us through the process. Everything flowed smothly all the way through the refi process. Would recommend her highly!

Cliff H.

Verified Customer

September 16, 2026

5.0

I have worked with Ms. Bergen for the last 24 years, from buy a home to refinancing . She is wonderful, knowledgeable and has always been about our best interest. Will be looking forward to working with her again …on our retirement home. Thank you again!

David D.

Verified Customer

September 1, 2026

5.0

I have used Katie Lepley twice- for a loan to purchase a home and to refinance my condo. She is quick and efficient, very professional and really knows this business. She made the process (both times) so seamless and easy. She and her team kep…t me informed every step of the way. I would use her again and highly recommend her for all your loan needs.

Cindy G.

Verified Customer

October 9, 2026

5.0

Rayma was so wonderful to work with! She was very professional, kind, and went above and beyond to provide us with information when asked, even if it meant working after hours. She answered all of our questions quickly. She was ensured every de…tail was taken care of from the beginning all the way to closing. She made this process as stress free as possible. When it is time to refinance or purchase, we will call on her again.

Jerry I.

Verified Customer

October 3, 2026

5.0

Doug made the refinance process fast and easy.

Teresa J.

Verified Customer

August 3, 2026

5.0

TJ was the ultimate professional. She was timely, knowledgeable, extremely patient as I struggled through the process of refinancing my home. Her persistence & ongoing support was much needed & appreciated. She was reassuring reminding me to ta…ke things a step at a time . She listened to my concerns, answered my questions, never pressured me, encouraged me to make decisions based on what I needed most. I would highly recommend her to anyone.

Irma Z.

Verified Customer

October 27, 2026

5.0

Very kind and straight forward. Kept up communication and let us know everything we needed. Highly recommend and would go through her again if we ever need to refinance again.

Charles E.

Verified Customer

September 25, 2026

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