Mortgage Refinance Rates in Indiana (2026)
With Indiana's median value near $245,000, a homeowner refinancing a typical $167,000 balance from about 7.50% to 6.25% saves roughly $139/month — breaking even on ~$4,175 of costs near month 30.
Refinancing in Indiana comes in three flavors: lower your rate, shorten your term, or pull out equity to 80% LTV. Indiana uses the $806,500 conforming baseline statewide.
Refinance snapshot by Indiana county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Marion County | $235,000 | $806,500 | Baseline |
| Lake County | $210,000 | $806,500 | Baseline |
| Allen County | $230,000 | $806,500 | Baseline |
| Hamilton County | $400,000 | $806,500 | Baseline |
| St. Joseph County | $245,000 | $806,500 | Baseline |
| Elkhart County | $245,000 | $806,500 | Baseline |
| Tippecanoe County | $245,000 | $806,500 | Baseline |
| Vanderburgh County | $245,000 | $806,500 | Baseline |
| Porter County | $245,000 | $806,500 | Baseline |
| Hendricks County | $245,000 | $806,500 | Baseline |
| Johnson County | $245,000 | $806,500 | Baseline |
| Madison County | $245,000 | $806,500 | Baseline |
| Clark County | $245,000 | $806,500 | Baseline |
| Delaware County | $245,000 | $806,500 | Baseline |
| Monroe County | $245,000 | $806,500 | Baseline |
| Vigo County | $245,000 | $806,500 | Baseline |
| LaPorte County | $245,000 | $806,500 | Baseline |
| Howard County | $245,000 | $806,500 | Baseline |
| Hancock County | $245,000 | $806,500 | Baseline |
| Bartholomew County | $245,000 | $806,500 | Baseline |
| Warrick County | $245,000 | $806,500 | Baseline |
| Boone County | $245,000 | $806,500 | Baseline |
| Morgan County | $245,000 | $806,500 | Baseline |
| Wayne County | $245,000 | $806,500 | Baseline |
| Floyd County | $245,000 | $806,500 | Baseline |
| Marshall County | $245,000 | $806,500 | Baseline |
| Kosciusko County | $245,000 | $806,500 | Baseline |
| Dearborn County | $245,000 | $806,500 | Baseline |
Should you refinance in Indiana?
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.
Lower Your Payment — Free Alerts
Refinance rates move daily and the right dip can save hundreds a month. We will tell you the moment it makes sense.
Frequently Asked Questions
- How much can refinancing save in Indiana?
- On a $167,000 balance near the Indiana median, dropping from ~7.50% to 6.25% saves about $139/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Indiana for 2026?
- Most Indiana counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.