Compare Cash-Out Refinance Rates | Saturday, May 2, 2026
Rates are current as of May 2, 2026 10:50 AM EDT
APR 6.91%
0.08% 1wAPR 7.27%
0.40% 1wAPR 6.29%
0.00% 1w
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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
- Interest rate estimates are customizable online.
- Cash-out refinancing is a new product offer.
- Customers can get live support from an agent via text.
- No mobile app.
- Website offers little information about cash-out refinancing.
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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
- 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.
- 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.
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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 rating4.5
- 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).
- 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.
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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
- 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.
- 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.
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The Nerdy headline
Better provides a seamless and easy-to-navigate application process and generally offers lower mortgage rates than average. VA loans are available in some states.
Cash-out refinancing
NerdWallet rating3.5
- Offers a program allowing qualifying buyers to make cash offers.
- Makes it easy to see customized mortgage rates.
- Average interest rates are on the low end compared to other lenders, according to the latest federal data.
- Doesn’t offer USDA loans.
- VA loans are not available in every state.
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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
- 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.
- 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.
NMLS#1880338
APR
6.54%
APR
6.54%
Interest rate
6.50%
Est. mo. payment
$2,213/mo
Total fees
$1,613
Next Door Lending is a wholly-owned subsidiary of NerdWallet
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The Nerdy headline
Next Door Lending, a mortgage broker, offers expert assistance shopping for and closing a loan, as well as specialty loans at competitive rates. Mortgages are not available in every state.
- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
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The Nerdy headline
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 rating5.0
- Cash-out refinance APRs are lower than industry average, according to the latest federal data.
- Options include both VA and FHA cash-out refinance.
- 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.
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Loan purpose
Loan type
National average 6.91%
Today's average refinance mortgage rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year Fixed | 6.75% | 6.91% |
| 30-year Fixed FHA | 5.99% | 6.88% |
| 30-year Fixed VA | 6.75% | 7.14% |
| 20-year Fixed | 6.00% | 6.26% |
| 15-year Fixed | 7.00% | 7.27% |
| 10-year Fixed | 6.69% | 7.07% |
| 3-year ARM | 4.13% | 4.87% |
| 5-year ARM | 5.13% | 6.29% |
| 7-year ARM | 6.13% | 6.65% |
| 10-year ARM | 6.75% | 6.91% |
Accurate as of 05/02/2026.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
Today's cash-out refinance rates | Saturday, May 2, 2026
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
What are the current cash-out refinance rates?
What is a cash-out refinance?
How much cash can I get with a cash-out refinance?
What are the requirements for a cash-out refinance?
- 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?
Pros and cons of a cash-out refinance
- 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).
- 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
Alternatives to a cash-out refinance
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