Mortgage Refinance Rates in Des Moines County, Iowa (2026)
Around Des Moines County, where homes run near $232,000, refinancing a $158,000 mortgage from 7.50% to an example 6.25% pulls about $132 off the monthly payment.
Refinance savings in Des Moines County
Here is how a rate-and-term refinance changes the monthly payment on a representative Des Moines County balance:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $1,105 |
| New rate near 6.25% | $973 |
| Monthly difference | $132 |
Illustrative only; the rate you are quoted near Des Moines County depends on your credit, equity, and the day you lock. Get alerts when rates drop.
Three Des Moines County-area balances compared
Bigger balances save more each month. Here is the same 7.50%-to-6.25% move across three Des Moines County loan sizes:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $111,000 | $776 | $683 | $93 |
| $158,000 | $1,105 | $973 | $132 |
| $213,000 | $1,489 | $1,311 | $178 |
What each rate costs near Des Moines County
Here is the monthly principal and interest on a $158,000 Des Moines County balance at a range of rates, for both 30- and 15-year terms:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $897 | $1,291 |
| 5.75% | $922 | $1,312 |
| 6.00% | $947 | $1,333 |
| 6.25% | $973 | $1,355 |
| 6.50% | $999 | $1,376 |
| 6.75% | $1,025 | $1,398 |
| 7.00% | $1,051 | $1,420 |
A 15-year refinance of $158,000 near Des Moines County runs about $1,355/month versus $973 on a 30-year — a higher payment near Des Moines County but far less total interest over the life of the Des Moines County loan.
Cash-out refinance in Des Moines County
With values near $232,000, an 80% cash-out leaves about $27,600 available in Des Moines County after paying off the current $158,000 balance.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $232,000 |
| Remaining mortgage | $158,000 |
| Conventional 80% cap | $185,600 |
| Equity you can access | $27,600 |
In Des Moines County, Iowa, property taxes average roughly 1.52% of value, so escrow on a $232,000 home adds about $294/month beyond principal and interest. A $158,000 balance sits near 68% loan-to-value, leaving about $74,000 in equity — room for a rate-and-term refinance now and a cash-out later around Des Moines County.
Des Moines County loan limits for 2026
The 2026 conforming ceiling in Des Moines County is $806,500, the standard baseline. Above it, expect jumbo pricing and tighter underwriting.
- Des Moines County value about $232,000 with a $158,000 balance (~68% LTV).
- Monthly savings near $132; break-even around month 30 on $3,950 of costs.
- Five-year net of about $3,966 and cash-out room near $27,600.
- Conforming limit $806,500; current equity roughly $74,000 near Des Moines County.
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Frequently Asked Questions
- How much can I save refinancing in Des Moines County in 2026?
- On a typical $158,000 balance, moving from about 7.50% to 6.25% saves roughly $132/month in principal and interest. Your savings depend on your current rate, balance, and term.
- How much cash can I take out of my Des Moines County-area home?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $232,000 Des Moines County home with a $158,000 balance, that is about $27,600 in available cash.
- What is the conforming loan limit in Des Moines County for 2026?
- The 2026 conforming limit is $806,500 for a one-unit home (the national baseline). Refinances above that are jumbo loans.
- When does a refinance pay off in Des Moines County?
- Divide your closing costs (about $3,950 here) by your monthly savings. In this example you break even near month 30 — refinance only if you will keep the home past that.
- How much equity is in a typical Des Moines County-area home?
- On an estimated $232,000 value with a $158,000 balance, that is about $74,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Des Moines County?
- A common rule of thumb: refinance when you can cut your rate by about 0.75 to 1% and stay past your break-even (near month 30 here). On a $158,000 Des Moines County balance, that move is worth roughly $132 a month.