See current cash-out refinance rates in KY, estimate how much cash you could take out of your home, and compare a cash-out refinance with a HELOC or home equity loan.
FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.363% APR and $2,250 monthly payment at 70% loan-to-value (LTV) and 2.184 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.930% APR and $2,239 monthly payment at 70% loan-to-value (LTV) and 2.071 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.894% APR and $3,024 monthly payment at 70% loan-to-value (LTV) and 2.193 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.283% APR and $2,328 monthly payment at 70% loan-to-value (LTV) and 1.731 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.119% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 1, 2026.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.548% APR and $2,280 monthly payment at 70% loan-to-value (LTV) and 2.479 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.220% APR and $2,310 monthly payment at 70% loan-to-value (LTV) and 2.235 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.064% APR and $3,046 monthly payment at 70% loan-to-value (LTV) and 2.311 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.469% APR and $2,358 monthly payment at 70% loan-to-value (LTV) and 2.082 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.131% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.300 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 1, 2026.
Fixed 20-Year HELOC: Interest rate offered based on $100,000 loan amount with 9.500% APR and $932 monthly payment at 20% loan-to-value (LTV) and 0.027 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Fixed 30-Year HELOC: Interest rate offered based on $100,000 loan amount with 9.875% APR and $868 monthly payment at 20% loan-to-value (LTV) and 0.092 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Home equity lines shown assume a 3-year draw period, a $25,000 minimum initial draw, a $99 annual fee, a $100 minimum payment. Repayment period is 204 and 324 months, following the draw period. Terms are an example only and vary by line amount, property and credit profile.
Conventional 30-Year Cash-Out Refinance: Interest rate offered based on $300,000 loan amount with 7.759% APR and $2,072 monthly payment at 70% loan-to-value (LTV) and 2.273 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
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Rates as of November 3, 2026 · Typical Kentucky home price: $310,400 · Avg Kentucky property tax: 0.88% · Avg annual home insurance: $3,373
Cash-out refinances in Kentucky: Lower’s 30-year fixed cash-out rate today is 7.375% (7.759% APR) with 2.273 discount points, quoted at 70% of your home’s value. On a typical Kentucky home worth $310,400, that’s a new loan of about $217,280. These figures use a typical Kentucky 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 Kentucky homeowners gained?
+4.3%Kentucky home prices, past year
+39.5%Kentucky home prices, past 5 years
$87,800Est. equity from price growth over 5 years on a $310,400 home
Kentucky home prices rose 39.5% over the five years through the second quarter of 2026 and rose 4.3% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks Kentucky 12th among the 50 states and Washington, DC for price growth over the past year. If a home worth Kentucky’s typical home price of $310,400 kept pace with the index, it was worth about $222,600 five years ago. That’s about $87,800 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 Kentucky?
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 Kentucky home worth $310,400, depending on what you still owe.
Estimated cash before closing costs on a $310,400 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 owe
Cash with a new loan of $217,280 (70% of value)
20% of value ($62,000)
$155,280
30% of value ($93,000)
$124,280
40% of value ($124,000)
$93,280
50% of value ($155,000)
$62,280
With a new loan of $217,280 at 7.375% (7.759% APR), your estimated monthly housing cost would be about $2,010: $1,500 principal and interest, $229 property taxes and $281 homeowners insurance.
Try your own numbers
New loan at 70% of value: $217,280
Estimated cash before closing costs: $93,280
Estimated monthly principal and interest at 7.375% (7.759% APR): $1,500
Estimated property taxes and insurance (local Kentucky estimates): $510
Estimated total monthly housing cost: $2,010
How we got these numbers: The home value is the typical Kentucky 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 Kentucky property taxes of about 0.88% of value a year and homeowners insurance of about $3,373 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 Kentucky’s largest cities
Home prices, property taxes and insurance vary from city to city across Kentucky. Here’s a cash-out refinance at 70% of value on a median-priced home in Kentucky’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.
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% (7.759% APR) over 30 years. Taxes and insurance use each city’s property tax rate and homeowners insurance estimate. † Uses the Kentucky average where a city tax or insurance figure isn’t available. The cash you’d get is the new loan minus what you still owe, before closing costs.
Kentucky cash-out refinance payment examples
Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Kentucky rate of 7.375% (7.759% APR), by new loan amount.
Monthly principal and interest by new loan amount, at 7.375% (7.759% APR), rates as of November 3, 2026.
New loan amount
30-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. 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.
Yes. Lower offers cash-out refinances in Kentucky. 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 Kentucky today?
Lower’s 30-year Kentucky cash-out refinance rate as of November 3, 2026 is 7.375% (7.759% APR) with 2.273 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 Kentucky?
Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $310,400 home where you owe $124,000, a new loan at 70% of the value ($217,280) would leave about $93,280 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 Kentucky home price of $310,400 is the average of the median sale prices in Kentucky’s 6 largest cities, rounded to the nearest $100: Louisville ($294,995), Lexington ($398,000), Bowling Green ($319,900), Owensboro ($269,900), Elizabethtown ($340,654) and Paducah ($239,000). 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.com, LLC, NMLS #1124061.
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