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Compare today's refinance rates

Compare Cash-Out Refinance Rates | Wednesday, June 10, 2026

Rates are current as of June 10, 2026 3:10 PM EDT

National average refinance rates:
30-Year Fixed

APR 7.20%

0.01% 1w
15-Year Fixed

APR 7.13%

0.00% 1w
5-Year ARM

APR 6.29%

0.00% 1w
Cash-out
10 ResultsShowing rates for: Refinance, Good (720-739), 30-year fixed, Single-family, Primary residence, cash-out
License information
10 Results for: Refinance, Good (720-739), 30-year fixed, Single-family, Primary residence, cash-out.
Tomo

NMLS#2059741

APR

6.31%

APR

6.31%

Interest rate

6.13%

Est. mo. payment

$2,127/mo

Total fees

$6,759

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The Nerdy headline

We’re impressed with Tomo’s user-friendly customizable sample rates and customer service options (including the ability to text with a live agent), though the lender does not have a mobile app.

Cash-out refinancing

NerdWallet rating

4.5

What we like
  • Interest rate estimates are customizable online.
  • Cash-out refinancing is a new product offer.
  • Customers can get live support from an agent via text.
What we don't like
  • No mobile app.
  • Website offers little information about cash-out refinancing.
Northpointe

NMLS#447490

APR

6.39%

APR

6.39%

Interest rate

6.38%

Est. mo. payment

$2,184/mo

Total fees

$559

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The Nerdy headline

Northpointe Bank offers rate-shopping convenience and plenty of loan options, including 100% financing.

Cash-out refinancing

NerdWallet rating

4.5

What we like
  • A full slate of loan offerings.
  • Offers a no-down-payment loan with a shorter repayment term that helps accelerate home equity accumulation.
  • Digital conveniences include a mobile app.
What we don't like
  • You’ll need to provide contact information or speak to a loan officer for customized mortgage rates.
  • Origination fees are on the high side, according to the latest data.
Sage Home Loans

NMLS#3304

APR

6.53%

APR

6.53%

Interest rate

6.50%

Est. mo. payment

$2,213/mo

Total fees

$1,074

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The Nerdy headline

Sage Home Loans stands out for speed and convenience, though it lacks a mobile app and doesn’t serve New York borrowers.

Home loans overall

NerdWallet rating

4.5

What we like
  • Sample rates are easy to browse online.
  • Quick, convenient pre-qualification process.
  • Average time to close is just under 20 days, faster than industry standard.
What we don't like
  • Home loans aren’t available in New York.
  • No mobile app or online chat, despite focus on mortgage tech.
  • Online pre-qualification requires sharing contact info.
Simplist

NMLS#1764611

APR

6.57%

APR

6.57%

Interest rate

6.50%

Est. mo. payment

$2,213/mo

Total fees

$2,630

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The Nerdy headline

Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.

Home loans overall

NerdWallet rating

4.5

What we like
  • Loan origination process can be completed online.
  • Offers government-backed FHA and VA loans.
  • Offers module that compares mortgage rates among other lenders.
What we don't like
  • Offers loans in many states and Washington, D.C., but not nationwide.
  • Does not offer home equity loans or lines of credit.
Real Genius

NMLS#2389303

APR

6.63%

APR

6.63%

Interest rate

6.63%

Est. mo. payment

$2,242/mo

Total fees

$39

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The Nerdy headline

Real Genius is a smart pick for a do-it-yourself online quote. We’re impressed with its "no fine print” approach and options to sort and customize APR and fees. However, Real Genius does not have a mobile app and doesn’t currently prioritize home equity lending.

Home loans overall

NerdWallet rating

4.5

What we like
  • Easy and transparent online rate quote tool.
  • May accept borrowers with low credit scores.
  • Closes loans in an average of 30 days (faster than industry average).
What we don't like
  • Federal data isn’t available for us to objectively compare this lender with others.
  • Home equity loans and HELOCs aren’t a priority.
  • Not currently lending in U.S. territories.
Farmers Bank of Kansas City

NMLS#613839

APR

6.63%

APR

6.63%

Interest rate

6.63%

Est. mo. payment

$2,242/mo

Total fees

$88

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The Nerdy headline

Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.

Home loans overall

NerdWallet rating

4.5

What we like
  • Displays customized rates, with fee estimates, without requiring contact information.
  • Offers home equity loans and lines of credit.
  • Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
What we don't like
  • Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
  • Home renovation loans are not available.
  • Mortgage rates are on the high side compared to other lenders, according to the latest federal data.
Central Bank

NMLS#407985

APR

6.66%

APR

6.66%

Interest rate

6.63%

Est. mo. payment

$2,242/mo

Total fees

$1,105

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The Nerdy headline

Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.

Home loans overall

NerdWallet rating

4.0

What we like
  • Among the best when it comes to online convenience.
  • Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
  • Claims to offer preapproval within 24 hours of loan application.
What we don't like
  • You'll have to complete a loan application to see mortgage interest rates.
  • Bank branch locations limited to the Midwest.
  • Does not offer home equity lines of credit.
NBKC

NMLS#409631

APR

6.83%

APR

6.83%

Interest rate

6.75%

Est. mo. payment

$2,277/mo

Total fees

$1,953

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NBKC stands out for its attractive cash-out interest rates and fees. While NBKC is primarily an online lender, its app does not have mortgage features and chat support is not geared toward mortgage borrowers.

Cash-out refinancing

NerdWallet rating

5.0

What we like
  • Cash-out refinance APRs are lower than industry average, according to the latest federal data.
  • Options include both VA and FHA cash-out refinance.
What we don't like
  • Customer service is only accessible over the phone for many mortgage customers.
  • Cash-out refinance loans make up a small share of NBKC's total home loans.

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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Today's cash-out refinance rates | Wednesday, June 10, 2026

Last updated 3:10 PM EDT
On Wednesday afternoon, June 10, 2026, the average interest rate on a 30-year fixed-rate mortgage refinance held steady at 7.2% APR, compared to yesterday.
The average rate on a 15-year fixed-rate mortgage refinance held steady at 7.13% APR.
The 30-year fixed-rate refinance rate is one basis point higher than one week ago and seven basis points higher than one year ago.
A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.
NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.

Cash-Out Refinancing: Rates, Requirements and How It Works

Find and compare the current rates on cash-out refinances available in your area. A cash-out refinance replaces your current mortgage with a loan for more than you owed. You take the difference in cash.

Abby Badach Doyle
Chris Jennings
Abby Badach Doyle
+1
Written by 

Abby Badach Doyle

,  Edited by 

Chris Jennings

Written by 

Abby Badach Doyle

 and 
1 other
Last updated 06/10/2026

What are the current cash-out refinance rates?

In general, cash-out refinances have higher interest rates than other mortgage refinances — but lower rates than second mortgages like home equity loans or home equity lines of credit (HELOCs). NerdWallet helps you comparison shop so you can find the best cash-out refinance rate for you. Just like getting your first mortgage, it’s smart to compare quotes from at least three different refinance lenders to get the best deal.

What is a cash-out refinance?

A cash-out refinance replaces your current mortgage with a newer and larger one. You’ll borrow what you owe on your existing loan, plus the cash you take out from your home’s equity.
Your home equity is the difference between the current market value of your house and your mortgage balance. For example, if your home is now worth $300,000 and you owe $200,000 on your mortgage, you have $100,000 in equity. With a cash-out refinance, you could take $40,000 of that equity and receive a new loan worth $240,000. Closing costs may be subtracted from the equity draw, unless you’re bringing cash to closing.

How much cash can I get with a cash-out refinance?

Lenders set their own limits for the percentage of cash you can take out, typically up to 80%-90% of your home equity. An appraisal will be required to determine your home’s current market value.

What are the requirements for a cash-out refinance?

In order to qualify for a cash-out refinance, you’ll have to meet lender requirements. Each lender will have its own set of criteria, but here are some general expectations:
  • Credit score of at least 620: The best rates are reserved for those with the highest credit scores. 
  • Equity of at least 20%: You need to have built up equity in order to pull it out. (One exception: A VA cash-out refinance, guaranteed by the Department of Veterans Affairs, lets you finance up to 100% of the value of your home.)
  • Debt-to-income ratio at or below 50%: For most cash-out refinances, your total amount of existing debt (including your mortgage) can’t exceed 50% of your gross monthly income.
  • Seasoning requirement: With a conventional loan, you typically need to have owned your home for at least six months (known as the “seasoning requirement”) before you can refinance. Government-backed loans work differently: With a VA loan, the requirement is 210 days. With an FHA loan, guaranteed by the Federal Housing Administration, it’s 12 months. 

How much does it cost to get a cash-out refinance?

As with any mortgage refinance, you’ll pay closing costs for a cash-out refinance. Closing costs typically range from 2% to 6% of the total mortgage amount — that’s $7,000 to $21,000 on a $350,000 mortgage.

Pros and cons of a cash-out refinance

Pros
  • You can receive a lower rate and save on your mortgage payments long-term.
  • Allows you to access equity and convert it into cash.
  • You’re only making one mortgage payment, rather than managing separate payments for a primary mortgage and a second mortgage (like a home equity loan or home equity line of credit).
Cons
  • You’ll need to pay closing costs of 2% to 6%.
  • When you refinance, you get a new set of terms in addition to a new rate — essentially, you’re restarting the clock.
  • Now that you’re taking on a larger mortgage, you risk losing your home if you can’t keep up with the new payments.

When to consider a cash-out refinance

A cash-out refinance might make sense if you can get a lower rate than your current mortgage — and have a financially sound strategy for using the cash. Since you’re using your home as collateral to access the cash, the best uses for cash-out proceeds are home repairs and improvements, which can increase the value of your home and provide a return on your investment. A cash-out refinance is not recommended for financing a vacation or other expenditure that won’t grow your wealth.

Alternatives to a cash-out refinance

A home equity loan or HELOC are second mortgages that let you borrow against your home equity. A cash-out refinance typically has a lower interest rate than a home equity loan or HELOC, and refinancing may provide a lower rate than your current mortgage. However, you may end up paying more in fees for a cash-out refinance than you would a home equity loan or HELOC.
» MORE: Home equity loan or HELOC vs cash-out refinance
NerdWallet writer Isabella Angelos contributed to this story.

More about cash-out refinance:

Alternatives to cash-out refinance:

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