See current cash-out refinance rates in WA, 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 7.474% APR and $2,280 monthly payment at 70% loan-to-value (LTV) and 1.999 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 6.937% APR and $2,239 monthly payment at 70% loan-to-value (LTV) and 2.141 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 6.973% APR and $3,046 monthly payment at 70% loan-to-value (LTV) and 1.961 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 7.290% APR and $2,328 monthly payment at 70% loan-to-value (LTV) and 1.801 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 7.759% APR and $2,339 monthly payment at 70% loan-to-value (LTV) and 2.018 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 7.228% APR and $2,310 monthly payment at 70% loan-to-value (LTV) and 2.305 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 7.076% APR and $3,046 monthly payment at 70% loan-to-value (LTV) and 2.381 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 7.476% APR and $2,358 monthly payment at 70% loan-to-value (LTV) and 2.152 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 7.768% APR and $2,072 monthly payment at 70% loan-to-value (LTV) and 2.343 discount points. Payment is Principal and Interest example only. Rate shown is current as of November 3, 2026.
Get your personalized cash-out rate online
Our online process takes just three minutes and doesn't require a hard credit check. After you finish, our expert loan officers will give you a personalized estimate.
Rates as of November 3, 2026 · Typical Washington home price: $659,500 · Avg Washington property tax: 0.81% · Avg annual home insurance: $1,741
Cash-out refinances in Washington: Lower’s 30-year fixed cash-out rate today is 7.375% (7.768% APR) with 2.343 discount points, quoted at 70% of your home’s value. On a typical Washington home worth $659,500, that’s a new loan of about $461,650. These figures use a typical Washington 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 Washington homeowners gained?
−0.9%Washington home prices, past year
+20.0%Washington home prices, past 5 years
$109,700Est. equity from price growth over 5 years on a $659,500 home
Washington home prices rose 20.0% over the five years through the second quarter of 2026 and fell 0.9% over the past year, according to the Federal Housing Finance Agency’s House Price Index. That ranks Washington 50th among the 50 states and Washington, DC for price growth over the past year. If a home worth Washington’s typical home price of $659,500 kept pace with the index, it was worth about $549,800 five years ago. That’s about $109,700 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 Washington?
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 Washington home worth $659,500, depending on what you still owe.
Estimated cash before closing costs on a $659,500 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 $461,650 (70% of value)
20% of value ($132,000)
$329,650
30% of value ($198,000)
$263,650
40% of value ($264,000)
$197,650
50% of value ($330,000)
$131,650
With a new loan of $461,650 at 7.375% (7.768% APR), your estimated monthly housing cost would be about $3,781: $3,188 principal and interest, $448 property taxes and $145 homeowners insurance.
Try your own numbers
New loan at 70% of value: $461,650
Estimated cash before closing costs: $197,650
Estimated monthly principal and interest at 7.375% (7.768% APR): $3,188
Estimated property taxes and insurance (local Washington estimates): $593
Estimated total monthly housing cost: $3,781
How we got these numbers: The home value is the typical Washington 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 Washington property taxes of about 0.81% of value a year and homeowners insurance of about $1,741 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 Washington’s largest cities
Home prices, property taxes and insurance vary from city to city across Washington. Here’s a cash-out refinance at 70% of value on a median-priced home in Washington’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
Seattle
$695,000
$486,500
$3,360
$622
$3,982
Spokane†
$439,950
$307,965
$2,127
$444
$2,571
Tacoma†
$497,000
$347,900
$2,402
$483
$2,885
Vancouver
$559,960
$391,972
$2,707
$521
$3,228
Bellevue†
$1,299,980
$909,986
$6,285
$1,028
$7,313
Spokane Valley†
$464,990
$325,493
$2,248
$461
$2,709
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% (7.768% APR) over 30 years. Taxes and insurance use each city’s property tax rate and homeowners insurance estimate. † Uses the Washington 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.
Washington cash-out refinance payment examples
Estimated monthly principal and interest on a 30-year fixed cash-out refinance at today’s Washington rate of 7.375% (7.768% APR), by new loan amount.
Monthly principal and interest by new loan amount, at 7.375% (7.768% APR), rates as of November 3, 2026.
New loan amount
30-year fixed at 7.375% (7.768% 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 2.343 discount points, or about $7,029 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 Washington, Lower’s loans are made by Lower.com, LLC.
Lower’s Free Refi for Life offer is not available to Washington consumers.
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 Washington?
Yes. Lower offers cash-out refinances in Washington. 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 Washington today?
Lower’s 30-year Washington cash-out refinance rate as of November 3, 2026 is 7.375% (7.768% APR) with 2.343 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 Washington?
Conventional cash-out refinances on a one-unit primary home generally top out at 80% of the home’s value. For example, on a $659,500 home where you owe $264,000, a new loan at 70% of the value ($461,650) would leave about $197,650 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 Washington home price of $659,500 is the average of the median sale prices in Washington’s 6 largest cities, rounded to the nearest $100: Seattle ($695,000), Spokane ($439,950), Tacoma ($497,000), Vancouver ($559,960), Bellevue ($1,299,980) and Spokane Valley ($464,990). 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.
Find Out Why Washington 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. Trustpilot | Google | Zillow | Bankrate
5.0
From beginning to end, Sean was a great partner with us. He spent time before we were ever a customer helping us understand the various borrowing options we had so we could understand what our flexibility would do for us.
Then when we were enga…ged on an actual house, he helped us apply our options creatively, even walking us through one option where the money could come from a non-traditional path which would result in Lower Mortgage not even having a part to play. When someone is willing to help you, and NOT make money, that's a level of support one rarely sees.
In the end, we used a traditional loan for the property we purchased, and he found us a really great rate (not trivial considering some of the aspects of the home).
We'll end up doing a major refinance in 1-2 years after a deep remodel is complete and we've sold our other property, and we absolutely will work with Sean and the team again for that "final" loan.
Mark E.
Verified Customer
May 27, 2026
Mark E. rated Sean Antonius 5.0 stars: From beginning to end, Sean was a great partner with us. He spent time before we were ever a customer helping us understand the various borrowing options we had so we could understand what our flexibility would do for us.
Then when we were engaged on an actual house, he helped us apply our options creatively, even walking us through one option where the money could come from a non-traditional path which would result in Lower Mortgage not even having a part to play. When someone is willing to help you, and NOT make money, that's a level of support one rarely sees.
In the end, we used a traditional loan for the property we purchased, and he found us a really great rate (not trivial considering some of the aspects of the home).
We'll end up doing a major refinance in 1-2 years after a deep remodel is complete and we've sold our other property, and we absolutely will work with Sean and the team again for that "final" loan.
Lower Rates. Lower Stress. Free Refi for Life.
We combine a seamless, fully online experience with human expertise to help you get the best possible rate. Applying online comes with no commitment and a no-impact credit check.
Verified Customer
50,000+ 5-star reviews
