Maryland Cash-Out Refinance Rates Today

See current cash-out refinance rates in MD, 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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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.500%	7.364%	2.204	$2,250
VA 30-Year Fixed	6.500%	6.932%	2.091	$2,239
Conventional 15-Year Fixed	6.375%	6.890%	2.173	$3,024
Conventional 30-Year Fixed	6.875%	7.208%	2.250	$2,299
Jumbo 30-Year Fixed	6.875%	7.119%	2.250	$6,240

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	6.625%	7.550%	2.499	$2,280
VA 30-Year Refinance	6.875%	7.222%	2.255	$2,310
Conventional 15-Year Refinance	6.490%	7.062%	2.291	$3,046
Conventional 30-Year Refinance	7.125%	7.466%	2.062	$2,358
Jumbo 30-Year Refinance	7.000%	7.245%	2.175	$6,320

Loan Type	Rate	APR	Est. Monthly Payment
Fixed 20-Year HELOC	9.875%	9.875%	$956
Fixed 30-Year HELOC	10.250%	10.250%	$896

Loan Type	Rate	APR	Points	Est. Monthly Payment
Conventional 30-Year Cash-Out Refinance	7.375%	7.758%	2.253	$2,072

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.364% APR and $2,250 monthly payment at 70% loan-to-value (LTV) and 2.204 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 6.932% APR and $2,239 monthly payment at 70% loan-to-value (LTV) and 2.091 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 6.890% APR and $3,024 monthly payment at 70% loan-to-value (LTV) and 2.173 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 7.208% APR and $2,299 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 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 7.550% APR and $2,280 monthly payment at 70% loan-to-value (LTV) and 2.499 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 7.222% APR and $2,310 monthly payment at 70% loan-to-value (LTV) and 2.255 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 7.062% APR and $3,046 monthly payment at 70% loan-to-value (LTV) and 2.291 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 7.466% APR and $2,358 monthly payment at 70% loan-to-value (LTV) and 2.062 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 7.245% APR and $6,320 monthly payment at 70% loan-to-value (LTV) and 2.175 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 9.875% APR and $956 monthly payment at 20% loan-to-value (LTV) and 0.024 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 10.250% APR and $896 monthly payment at 20% loan-to-value (LTV) and 0.160 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 7.758% APR and $2,072 monthly payment at 70% loan-to-value (LTV) and 2.253 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 Maryland home price: $352,400 · Avg Maryland property tax: 1.57% · Avg annual home insurance: $2,807

Cash-out refinances in Maryland: Lower’s 30-year fixed cash-out rate today is 7.375% (7.758% APR) with 2.253 discount points, quoted at 70% of your home’s value. On a typical Maryland home worth $352,400, that’s a new loan of about $246,680. These figures use a typical Maryland 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 Maryland homeowners gained?

+1.0%Maryland home prices, past year

+25.6%Maryland home prices, past 5 years

$71,800Est. equity from price growth over 5 years on a $352,400 home

Maryland home prices rose 25.6% over the five years through the second quarter of 2026 and rose 1.0% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks Maryland 40th among the 50 states and Washington, DC for price growth over the past year. If a home worth Maryland’s typical home price of $352,400 kept pace with the index, it was worth about $280,600 five years ago. That’s about $71,800 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 Maryland?

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 Maryland home worth $352,400, depending on what you still owe.

Estimated cash before closing costs on a $352,400 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 $246,680 (70% of value)
20% of value ($70,000)	$176,680
30% of value ($106,000)	$140,680
40% of value ($141,000)	$105,680
50% of value ($176,000)	$70,680

With a new loan of $246,680 at 7.375% (7.758% APR), your estimated monthly housing cost would be about $2,398: $1,703 principal and interest, $461 property taxes and $234 homeowners insurance.

Try your own numbers

Home value What you owe

New loan at 70% of value: $246,680

Estimated cash before closing costs: $105,680

Estimated monthly principal and interest at 7.375% (7.758% APR): $1,703

Estimated property taxes and insurance (local Maryland estimates): $695

Estimated total monthly housing cost: $2,398

How we got these numbers: The home value is the typical Maryland 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 Maryland property taxes of about 1.57% of value a year and homeowners insurance of about $2,807 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 Maryland’s largest cities

Home prices, property taxes and insurance vary from city to city across Maryland. Here’s a cash-out refinance at 70% of value on a median-priced home in Maryland’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.

City	Median home price	New loan at 70%	Principal and interest	Taxes and insurance	Total per month
Baltimore	$210,000	$147,000	$1,015	$509	$1,524
Hagerstown^†	$329,000	$230,300	$1,590	$664	$2,254
Salisbury^†	$292,945	$205,062	$1,416	$617	$2,033
Columbia^†	$450,000	$315,000	$2,175	$823	$2,998
Towson^†	$447,499	$313,249	$2,163	$819	$2,982
Lexington Park^†	$385,000	$269,500	$1,861	$738	$2,599

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% (7.758% APR) over 30 years. Taxes and insurance use each city’s property tax rate and homeowners insurance estimate. † Uses the Maryland 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.

Maryland cash-out refinance payment examples

Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Maryland rate of 7.375% (7.758% APR), by new loan amount.

Monthly principal and interest by new loan amount, at 7.375% (7.758% APR), rates as of November 3, 2026.

New loan amount	30-year fixed at 7.375% (7.758% 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 2.253 discount points, or about $6,759 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 · Maryland HELOC rates · cash-out refinance rates in every state.

Frequently Asked Questions

Can I get a cash-out refinance in Maryland?

Yes. Lower offers cash-out refinances in Maryland. 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 Maryland today?

Lower’s 30-year Maryland cash-out refinance rate as of November 3, 2026 is 7.375% (7.758% APR) with 2.253 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 Maryland?

Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $352,400 home where you owe $141,000, a new loan at 70% of the value ($246,680) would leave about $105,680 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 Maryland home price of $352,400 is the average of the median sale prices in Maryland’s 6 largest cities, rounded to the nearest $100: Baltimore ($210,000), Hagerstown ($329,000), Salisbury ($292,945), Columbia ($450,000), Towson ($447,499) and Lexington Park ($385,000). 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, LLC, NMLS #1124061.

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