See current cash-out refinance rates in TX, 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 7.361% APR and $2,250 monthly payment at 70% loan-to-value (LTV) and 2.164 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 6.928% APR and $2,239 monthly payment at 70% loan-to-value (LTV) and 2.051 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 7.106% APR and $6,240 monthly payment at 70% loan-to-value (LTV) and 2.125 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 7.546% APR and $2,280 monthly payment at 70% loan-to-value (LTV) and 2.459 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 7.218% APR and $2,310 monthly payment at 70% loan-to-value (LTV) and 2.215 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 7.131% 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.
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 Texas home price: $373,000 · Avg Texas property tax: 1.95% · Avg annual home insurance: $4,480
Cash-out refinances in Texas: 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 Texas home worth $373,000, that’s a new loan of about $261,100. Texas caps a cash-out refinance of your homestead at 80% of your home’s value. These figures use a typical Texas 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 Texas homeowners gained?
+0.4%Texas home prices, past year
+25.1%Texas home prices, past 5 years
$74,900Est. equity from price growth over 5 years on a $373,000 home
Texas home prices rose 25.1% over the five years through the second quarter of 2026 and rose 0.4% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks Texas 45th among the 50 states and Washington, DC for price growth over the past year. If a home worth Texas’s typical home price of $373,000 kept pace with the index, it was worth about $298,100 five years ago. That’s about $74,900 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 Texas?
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 Texas home worth $373,000, depending on what you still owe.
Estimated cash before closing costs on a $373,000 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 owe
Cash with a new loan of $261,100 (70% of value)
20% of value ($75,000)
$186,100
30% of value ($112,000)
$149,100
40% of value ($149,000)
$112,100
50% of value ($187,000)
$74,100
With a new loan of $261,100 at 7.375% (7.758% APR), your estimated monthly housing cost would be about $2,782: $1,803 principal and interest, $606 property taxes and $373 homeowners insurance.
Try your own numbers
New loan at 70% of value: $261,100
Estimated cash before closing costs: $112,100
Estimated monthly principal and interest at 7.375% (7.758% APR): $1,803
Estimated property taxes and insurance (local Texas estimates): $979
Estimated total monthly housing cost: $2,782
How we got these numbers: The home value is the typical Texas 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 Texas property taxes of about 1.95% of value a year and homeowners insurance of about $4,480 a year. Borrowing more, up to the 80% Texas cap, 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 Texas’s largest cities
Home prices, property taxes and insurance vary from city to city across Texas. Here’s a cash-out refinance at 70% of value on a median-priced home in Texas’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
Houston
$315,000
$220,500
$1,522
$1,061
$2,583
San Antonio
$315,000
$220,500
$1,522
$815
$2,337
Dallas
$419,000
$293,300
$2,025
$1,081
$3,106
Fort Worth
$354,656
$248,259
$1,714
$1,017
$2,731
Austin
$529,000
$370,300
$2,557
$965
$3,522
El Paso
$305,580
$213,906
$1,477
$855
$2,332
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. The cash you’d get is the new loan minus what you still owe, before closing costs.
Texas cash-out refinance payment examples
Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Texas 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.
In Texas, a cash-out refinance of your homestead is a home equity loan under the state constitution, Section 50(a)(6).
Your new loan plus any other debt on the home can’t go over 80% of your home’s value.
Most lender and third-party fees are capped at 2% of the loan amount (some costs, such as the appraisal and title insurance, are excluded).
You must receive the state’s home equity notice at least 12 days before closing, and you can take out this kind of loan only once every 12 months.
Closing has to happen at the office of a lender, attorney or title company.
A plain-language summary, not legal advice. Your loan officer can explain how these rules apply to you.
Frequently Asked Questions
Can I get a cash-out refinance in Texas?
Yes. Lower offers cash-out refinances in Texas. How much cash you can take out depends on your home’s value, what you owe and your credit. Texas caps a cash-out refinance of your homestead at 80% of your home’s value.
What are cash-out refinance rates in Texas today?
Lower’s 30-year Texas 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 Texas?
In Texas, your new loan plus any other debt on your homestead can’t go over 80% of its value. For example, on a $373,000 home where you owe $149,000, a new loan at 70% of the value ($261,100) would leave about $112,100 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.
How long does a cash-out refinance take in Texas?
It depends mostly on how quickly the appraisal, title work and underwriting are done. In Texas, you must receive the state’s home equity notice at least 12 days before closing. On a refinance of your primary home, federal law gives you three business days after closing to cancel, so the cash is available after that.
Sources: home values from Movoto market trends data for September 2026; the typical Texas home price of $373,000 is the average of the median sale prices in Texas’s 6 largest cities, rounded to the nearest $100: Houston ($315,000), San Antonio ($315,000), Dallas ($419,000), Fort Worth ($354,656), Austin ($529,000) and El Paso ($305,580). 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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Michael is a true professional! He guided us through the whole refinance process and made it seamless. I would highly recommend him to any one out there looking for a five star loan service provider! Thank you, Michael!!
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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!
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.
Abel Q. rated Nadia Najera 5.0 stars: Nadia made the buying experience great for us. She was very helpful and informative with us. She went out of her way to help us and make the experience as smooth as possible. We will gladly recommend her to anyone we know that may be interested in purchasing or refinancing a hom. thank you for everything.
Jose M. rated Michael Swopes 5.0 stars: Michael is a true professional! He guided us through the whole refinance process and made it seamless. I would highly recommend him to any one out there looking for a five star loan service provider! Thank you, Michael!!
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