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Cash-Out Refinance Rates in Connecticut

See current cash-out refinance rates in CT, estimate how much cash you could take out of your home, and compare a cash-out refinance with a HELOC or home equity loan.

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Current Connecticut Cash-Out Refinance Rates

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Rates as of November 3, 2026 · Typical Connecticut home price: $405,700 · Avg Connecticut property tax: 1.80% · Avg annual home insurance: $2,373

Cash-out refinances in Connecticut: Lower’s 30-year fixed cash-out rate today is 7.375% (7.748% APR) with 2.173 discount points, quoted at 70% of your home’s value. On a typical Connecticut home worth $405,700, that’s a new loan of about $283,990. These figures use a typical Connecticut home price: the average of the median prices in its largest cities (details at the bottom of the page). What you could borrow and pay depends on your own home’s value, what you owe and your credit.

How much equity have Connecticut homeowners gained?

+4.7%Connecticut home prices, past year
+49.6%Connecticut home prices, past 5 years
$134,400Est. equity from price growth over 5 years on a $405,700 home

Connecticut home prices rose 49.6% over the five years through the second quarter of 2026 and rose 4.7% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks Connecticut 8th among the 50 states and Washington, DC for price growth over the past year. If a home worth Connecticut’s typical home price of $405,700 kept pace with the index, it was worth about $271,300 five years ago. That’s about $134,400 in equity from price growth alone, before counting any mortgage payments.

A cash-out refinance is based on your home’s current appraised value, so price growth can increase how much cash you may be able to take out. It’s a statewide index, so prices in your area, and your home’s value, may have changed more or less.

How much cash could you take out in Connecticut?

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 a typical Connecticut home worth $405,700, depending on what you still owe.

Estimated cash before closing costs on a $405,700 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 $283,990 (70% of value)
20% of value ($81,000)$202,990
30% of value ($122,000)$161,990
40% of value ($162,000)$121,990
50% of value ($203,000)$80,990

With a new loan of $283,990 at 7.375% (7.748% APR), your estimated monthly housing cost would be about $2,769: $1,961 principal and interest, $610 property taxes and $198 homeowners insurance.

Try your own numbers

New loan at 70% of value: $283,990

Estimated cash before closing costs: $121,990

Estimated monthly principal and interest at 7.375% (7.748% APR): $1,961

Estimated property taxes and insurance (local Connecticut estimates): $808

Estimated total monthly housing cost: $2,769

How we got these numbers: The home value is the typical Connecticut home price (sources below). The new loan is 70% of that value, the loan-to-value Lower’s cash-out rate is quoted on. Monthly costs add local Connecticut property taxes of about 1.80% of value a year and homeowners insurance of about $2,373 a year. 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 estimates in Connecticut’s largest cities

Home prices, property taxes and insurance vary from city to city across Connecticut. Here’s a cash-out refinance at 70% of value on a median-priced home in Connecticut’s 6 largest cities, using Movoto market trends data for September 2026.

Estimates for a median-priced home in each city, with a new loan at 70% of its value.

CityMedian home priceNew loan at 70%Principal and interestTaxes and insuranceTotal per month
Bridgeport$330,000$231,000$1,595$799$2,394
Stamford$700,000$490,000$3,384$1,025$4,409
New Haven$325,000$227,500$1,571$767$2,338
Hartford$259,450$181,615$1,254$625$1,879
Waterbury$299,900$209,930$1,449$663$2,112
Danbury$519,999$363,999$2,514$783$3,297

How we got these numbers: Median prices are from Movoto market trends data for September 2026. The new loan is 70% of the city’s median price, the loan-to-value Lower’s cash-out rate is quoted on. Principal and interest is at 7.375% (7.748% APR) over 30 years. Taxes and insurance use each city’s property tax rate and homeowners insurance estimate. The cash you’d get is the new loan minus what you still owe, before closing costs.

Connecticut cash-out refinance payment examples

Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Connecticut rate of 7.375% (7.748% APR), by new loan amount.

Monthly principal and interest by new loan amount, at 7.375% (7.748% APR), rates as of November 3, 2026.

New loan amount30-year fixed at 7.375% (7.748% 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 2.173 discount points, or about $6,519 on a $300,000 loan, paid at closing. 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.

Cash-out refinance basics

A cash-out refinance replaces your current mortgage with a larger loan, and you get the difference in cash at closing. The new rate applies to your whole balance and closing costs apply, so if your current rate is lower than today’s, a HELOC or home equity loan may cost less.

Learn more: how a cash-out refinance works · HELOC vs. cash-out refinance · cash-out refinance vs. home equity loan · Connecticut HELOC rates · cash-out refinance rates in every state.

Frequently Asked Questions

Can I get a cash-out refinance in Connecticut?

Yes. Lower offers cash-out refinances in Connecticut. How much cash you can take out depends on your home’s value, what you owe and your credit.

What are cash-out refinance rates in Connecticut today?

Lower’s 30-year Connecticut cash-out refinance rate as of November 3, 2026 is 7.375% (7.748% APR) with 2.173 discount points, based on a $300,000 loan at 70% of the home’s value. Your rate depends on your credit, how much of your home’s value you borrow and the property.

How much cash can I take out with a cash-out refinance in Connecticut?

Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $405,700 home where you owe $162,000, a new loan at 70% of the value ($283,990) would leave about $121,990 before closing costs. Lower’s quoted rate assumes a loan at 70% of value; borrowing more may mean a higher rate. Your actual amount depends on your appraisal, credit and debt-to-income ratio.

Sources: home values from Movoto market trends data for September 2026; the typical Connecticut home price of $405,700 is the average of the median sale prices in Connecticut’s 6 largest cities, rounded to the nearest $100: Bridgeport ($330,000), Stamford ($700,000), New Haven ($325,000), Hartford ($259,450), Waterbury ($299,900) and Danbury ($519,999). Largest cities are by Census Bureau population estimates among cities with enough Movoto sales data; where a state has too few, the busiest markets by homes sold fill in. Property tax estimates use local effective tax rates and homeowners insurance estimates are average annual premiums, averaged across those cities; your quote will vary. Home price growth: FHFA House Price Index (purchase-only, seasonally adjusted), the second quarter of 2026. Rates: Lower, as of November 3, 2026. Examples only; not an offer of credit. Lower, LLC, NMLS #1124061.

Find Out Why Connecticut Loves 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

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

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

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

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

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

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

Doug made the refinance process fast and easy.

Teresa J.

Verified Customer

August 3, 2026

5.0

Katie Lepley made refinancing our home straightforward and stress-free. The initial document collection was easy to navigate, and we completed the signing process within 30 days. Katie guided me through every step and kept me informed about th…e progress she and her team at Lower.com were making. Their communication was excellent, and the entire team was professional and highly capable. I have confidently referred several friends and family members to Katie, knowing they will be in excellent hands.

Diane P.

Verified Customer

October 9, 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

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

Sean was incredibly professional and friendly throughout our entire process. I was a FIRST time buyer and had an immense amount of questions that Sean was able to answer to put me at ease. For any of your mortgage questions or concerns I’d hi…ghly recommend working with Sean. I’ll be using him again the next time I buy or refinance!

Charles F.

Verified Customer

October 12, 2026

5.0

I would highly recommend this company to anyone looking to refinance their home. Choosing to do a cash-out refinance on my home turned out to be an incredibly challenging situation filled with numerous roadblocks and an emotional roller coaster… of ups and downs. However, working with Taylor and Anita made all the difference in the world. Throughout the entire process, they provided constant reassurance, deep comfort, and kept my anxiety levels at a manageable level during moments when I felt completely overwhelmed. Their professionalism, empathy, and dedication went far beyond just processing a loan; they truly cared about my peace of mind. I am incredibly grateful for their unwavering support and couldn't have crossed the finish line without them.

Tami T.

Verified Customer

October 9, 2026

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