Cash-Out Refinance Rates
Cash-Out Refinance Rates: what to know and how to act in 2026.
What to know
Cash-out refinance rates track first-mortgage pricing and run about 6.5-7.5% in 2026 - lower than HELOC or home equity loan rates because they sit in first-lien position. The trade-off is full closing costs and resetting your whole mortgage. They appeal most when your existing rate is already near current levels.
What affects your rate
- Your credit score and combined loan-to-value
- HELOC (variable, Prime + margin) vs home equity loan (fixed)
- Lien position and occupancy (primary vs rental)
- The Prime rate and Fed policy — and lender margins, so compare quotes
Example HELOC cost by rate (on a $100,000 balance)
| Rate | Interest-only / mo | Amortizing (20-yr) / mo |
|---|---|---|
| 7.50% | $625 | $806 |
| 8.00% | $667 | $836 |
| 8.50% | $708 | $868 |
| 9.00% | $750 | $900 |
| 9.50% | $792 | $932 |
| 10.00% | $833 | $965 |
Rates move with Prime. Join the free Cashout Equity alerts so you can lock a fixed-rate option at the right time.
See How Much Equity You Can Tap
Track your home value, HELOC rates, and cash-out options — free.
Frequently Asked Questions
- Cash-Out Refinance Rates — the quick answer?
- Cash-out refinance rates track first-mortgage pricing and run about 6.5-7.5% in 2026 - lower than HELOC or home equity loan rates because they sit in first-lien position. The trade-off is full closing costs and resetting your whole mortgage. They appeal most when your existing rate is already near current levels.
- Are HELOC rates higher than mortgage rates?
- Usually yes — HELOCs are variable and sit in second lien position, so they price above first-mortgage rates, but you only pay interest on what you draw.