Mortgage Refinance Rates in Scott County, Iowa (2026)
If you own in Scott County or elsewhere in Scott County, Iowa, a refinance could cut your payment by around $130/month — the gap between a ~7.50% rate and today's example 6.25% on a $156,000 loan.
Refinance savings in Scott County
Here is how a rate-and-term refinance changes the monthly payment on a representative Scott County balance:
| Payment | Per Month |
|---|---|
| Today (~7.50%) | $1,091 |
| Refinanced (~6.25%) | $961 |
| What you would save | $130 |
Illustrative only; the rate you are quoted near Scott County depends on your credit, equity, and the day you lock. Get alerts when rates drop.
Three Scott County-area balances compared
Bigger balances save more each month. Here is the same 7.50%-to-6.25% move across three Scott County loan sizes:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $109,000 | $762 | $671 | $91 |
| $156,000 | $1,091 | $961 | $130 |
| $211,000 | $1,475 | $1,299 | $176 |
What each rate costs near Scott County
Here is the monthly principal and interest on a $156,000 Scott 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% | $886 | $1,275 |
| 5.75% | $910 | $1,295 |
| 6.00% | $935 | $1,316 |
| 6.25% | $961 | $1,338 |
| 6.50% | $986 | $1,359 |
| 6.75% | $1,012 | $1,380 |
| 7.00% | $1,038 | $1,402 |
A 15-year refinance of $156,000 near Scott County runs about $1,338/month versus $961 on a 30-year — a higher payment near Scott County but far less total interest over the life of the Scott County loan.
Cash-out refinance in Scott County
With values near $230,000, an 80% cash-out leaves about $28,000 available in Scott County after paying off the current $156,000 balance.
| Cash-Out Figure | Amount |
|---|---|
| Appraised value (est.) | $230,000 |
| Balance you owe now | $156,000 |
| Max new loan at 80% LTV | $184,000 |
| Cash you could pull out | $28,000 |
In Scott County, Iowa, property taxes average roughly 1.52% of value, so escrow on a $230,000 home adds about $291/month beyond principal and interest. A $156,000 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 Scott County.
Scott County loan limits for 2026
Refinances up to $806,500 are conforming in Scott County for 2026; larger balances become jumbo refinances with stricter equity and reserve rules.
- Scott County value about $230,000 with a $156,000 balance (~68% LTV).
- Monthly savings near $130; break-even around month 30 on $3,900 of costs.
- Five-year net of about $3,915 and cash-out room near $28,000.
- Conforming limit $806,500; current equity roughly $74,000 near Scott County.
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Frequently Asked Questions
- How much can I save refinancing in Scott County in 2026?
- On a typical $156,000 balance, moving from about 7.50% to 6.25% saves roughly $130/month in principal and interest. Your savings depend on your current rate, balance, and term.
- How much cash can I take out of my Scott County-area home?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $230,000 Scott County home with a $156,000 balance, that is about $28,000 in available cash.
- What is the conforming loan limit in Scott 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 Scott County?
- Divide your closing costs (about $3,900 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 Scott County-area home?
- On an estimated $230,000 value with a $156,000 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 Scott 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 $156,000 Scott County balance, that move is worth roughly $130 a month.