Rhode Island Cash-Out Refinance Rates Today

See current cash-out refinance rates in RI, 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%	6.894%	2.193	$3,024
Conventional 30-Year Fixed	7.000%	7.283%	1.731	$2,328
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%	7.064%	2.311	$3,046
Conventional 30-Year Refinance	7.125%	7.469%	2.082	$2,358
Jumbo 30-Year Refinance	6.875%	7.131%	2.300	$6,240

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%	7.759%	2.273	$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 6.894% 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 7.550% 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 7.064% 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 9.875% 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 7.759% 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 Rhode Island home price: $438,500 · Avg Rhode Island property tax: 1.33% · Avg annual home insurance: $2,624

Cash-out refinances in Rhode Island: 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 Rhode Island home worth $438,500, that’s a new loan of about $306,950. These figures use a typical Rhode Island 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 Rhode Island homeowners gained?

+4.7%Rhode Island home prices, past year

+45.5%Rhode Island home prices, past 5 years

$137,100Est. equity from price growth over 5 years on a $438,500 home

Rhode Island home prices rose 45.5% 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 Rhode Island 9th among the 50 states and Washington, DC for price growth over the past year. If a home worth Rhode Island’s typical home price of $438,500 kept pace with the index, it was worth about $301,400 five years ago. That’s about $137,100 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 Rhode Island?

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 Rhode Island home worth $438,500, depending on what you still owe.

Estimated cash before closing costs on a $438,500 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 $306,950 (70% of value)
20% of value ($88,000)	$218,950
30% of value ($132,000)	$174,950
40% of value ($175,000)	$131,950
50% of value ($219,000)	$87,950

With a new loan of $306,950 at 7.375% (7.759% APR), your estimated monthly housing cost would be about $2,827: $2,120 principal and interest, $488 property taxes and $219 homeowners insurance.

Try your own numbers

Home value What you owe

New loan at 70% of value: $306,950

Estimated cash before closing costs: $131,950

Estimated monthly principal and interest at 7.375% (7.759% APR): $2,120

Estimated property taxes and insurance (local Rhode Island estimates): $707

Estimated total monthly housing cost: $2,827

How we got these numbers: The home value is the typical Rhode Island 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 Rhode Island property taxes of about 1.33% of value a year and homeowners insurance of about $2,624 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 Rhode Island’s largest cities

Home prices, property taxes and insurance vary from city to city across Rhode Island. Here’s a cash-out refinance at 70% of value on a median-priced home in Rhode Island’s 2 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
Providence	$439,900	$307,930	$2,126	$686	$2,812
Warwick	$437,000	$305,900	$2,112	$727	$2,839

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. The cash you’d get is the new loan minus what you still owe, before closing costs.

Rhode Island cash-out refinance payment examples

Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Rhode Island 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.

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

Frequently Asked Questions

Can I get a cash-out refinance in Rhode Island?

Yes. Lower offers cash-out refinances in Rhode Island. 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 Rhode Island today?

Lower’s 30-year Rhode Island 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 Rhode Island?

Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $438,500 home where you owe $175,000, a new loan at 70% of the value ($306,950) would leave about $131,950 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 Rhode Island home price of $438,500 is the average of the median sale prices in Rhode Island’s 2 largest cities, rounded to the nearest $100: Providence ($439,900) and Warwick ($437,000). 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.

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 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

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

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

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

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

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

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

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 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

5.0

Awesome experience. So thankful for this opportunity we had to get our house refinanced. Thank you Erik!!

Sarah B.

Verified Customer

September 5, 2026

Cindy G. rated Katie Lepley 5.0 stars: 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 kept me informed every step of the way. I would use her again and highly recommend her for all your loan needs. Diane P. rated Katie Lepley 5.0 stars: 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 the 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. Gregory M. rated Katie Henry 5.0 stars: 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 her again in the future for sure . Joe C. rated Stacey Smith 5.0 stars: Stacey is a pleasure to work with. She kept me up to date and on track for my refiannce. Charles E. rated Joanie Neal 5.0 stars: 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. Fouad Z. rated Tyler Helm 5.0 stars: 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 appreciate his help and would definitely recommend him. Thank you, Tyler! David D. rated Leslie Bergen 5.0 stars: 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! Kris G. rated Mike Carey 5.0 stars: 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 looking for someone trustworthy and knowledgeable. Lynn W. rated Katie Lepley 5.0 stars: 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 saving 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. Cliff H. rated Cindy Hammond 5.0 stars: 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! Tami T. rated Taylor Weiner 5.0 stars: 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. Sarah B. rated Erik Gross 5.0 stars: Awesome experience. So thankful for this opportunity we had to get our house refinanced. Thank you Erik!!

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