Mortgage Refinance Rates in Arizona (2026)
With Arizona's median value near $430,000, a homeowner refinancing a typical $292,000 balance from about 7.50% to 6.25% saves roughly $244/month — breaking even on ~$7,300 of costs near month 30.
Whether you want a smaller payment or cash from your Arizona equity, the break-even is what decides if it is worth it. Arizona uses the $806,500 conforming baseline statewide.
Refinance snapshot by Arizona county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Maricopa County | $460,000 | $806,500 | Baseline |
| Pima County | $335,000 | $806,500 | Baseline |
| Pinal County | $400,000 | $806,500 | Baseline |
| Yavapai County | $430,000 | $806,500 | Baseline |
| Cochise County | $430,000 | $806,500 | Baseline |
| Navajo County | $430,000 | $806,500 | Baseline |
| Apache County | $430,000 | $806,500 | Baseline |
| Gila County | $430,000 | $806,500 | Baseline |
| Santa Cruz County | $430,000 | $806,500 | Baseline |
| Graham County | $430,000 | $806,500 | Baseline |
| La Paz County | $430,000 | $806,500 | Baseline |
| Greenlee County | $430,000 | $806,500 | Baseline |
| Mohave County | $330,000 | $806,500 | Baseline |
| Yuma County | $260,000 | $806,500 | Baseline |
| Coconino County | $560,000 | $806,500 | Baseline |
Should you refinance in Arizona?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
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Frequently Asked Questions
- How much can refinancing save in Arizona?
- On a $292,000 balance near the Arizona median, dropping from ~7.50% to 6.25% saves about $244/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Arizona for 2026?
- Most Arizona counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.