Mortgage Refinance Rates in Suffolk County, Massachusetts (2026)
Refinance math for Suffolk County: at an estimated $750,000 value with a $510,000 balance, moving from ~7.50% to 6.25% saves about $426 monthly — and you may be able to tap up to $90,000 in equity.
How much you could save near Suffolk County
The payment comparison below uses a typical $510,000 Suffolk County balance at example rates:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $3,566 |
| New rate near 6.25% | $3,140 |
| Monthly difference | $426 |
These are example figures for Suffolk County; a lender will price your exact rate from your file. Get alerts when rates drop.
Savings by balance in Suffolk County
The larger your balance, the more a rate drop returns — three Suffolk County examples:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $357,000 | $2,496 | $2,198 | $298 |
| $510,000 | $3,566 | $3,140 | $426 |
| $689,000 | $4,818 | $4,242 | $575 |
Suffolk County refinance payments at today's rates
Payments on a $510,000 loan near Suffolk County at several rates — a small rate move is real money:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $2,896 | $4,167 |
| 5.75% | $2,976 | $4,235 |
| 6.00% | $3,058 | $4,304 |
| 6.25% | $3,140 | $4,373 |
| 6.50% | $3,224 | $4,443 |
| 6.75% | $3,308 | $4,513 |
| 7.00% | $3,393 | $4,584 |
A 15-year refinance of $510,000 near Suffolk County runs about $4,373/month versus $3,140 on a 30-year — a higher payment near Suffolk County but far less total interest over the life of the Suffolk County loan.
Tapping Suffolk County equity
Sitting on equity? A cash-out refinance in Suffolk County can go up to 80% of value — about $90,000 in your pocket on the numbers above — for renovations, debt payoff, or investing.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $750,000 |
| Remaining mortgage | $510,000 |
| Conventional 80% cap | $600,000 |
| Equity you can access | $90,000 |
In Suffolk County, Massachusetts, property taxes average roughly 1.14% of value, so escrow on a $750,000 home adds about $712/month beyond principal and interest. A $510,000 balance sits near 68% loan-to-value, leaving about $240,000 in equity — room for a rate-and-term refinance now and a cash-out later around Suffolk County.
Conforming & jumbo limits in Suffolk County
Suffolk County's 2026 conforming limit is $1,249,125 for a single-family home — a high-cost figure above the $806,500 national baseline. Refinance a balance above it and you are in jumbo territory, which carries its own rates and guidelines.
- Suffolk County value about $750,000 with a $510,000 balance (~68% LTV).
- Monthly savings near $426; break-even around month 30 on $12,750 of costs.
- Five-year net of about $12,800 and cash-out room near $90,000.
- Conforming limit $1,249,125; current equity roughly $240,000 near Suffolk County.
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Frequently Asked Questions
- What could a refinance save me in Suffolk County?
- On a typical $510,000 balance, moving from about 7.50% to 6.25% saves roughly $426/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Suffolk County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $750,000 Suffolk County home with a $510,000 balance, that is about $90,000 in available cash.
- When does a Suffolk County refinance turn jumbo?
- The 2026 conforming limit is $1,249,125 for a one-unit home (a high-cost county above the $806,500 baseline). Refinances above that are jumbo loans.
- How fast do I break even in Suffolk County?
- Divide your closing costs (about $12,750 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 Suffolk County-area home?
- On an estimated $750,000 value with a $510,000 balance, that is about $240,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Suffolk 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 $510,000 Suffolk County balance, that move is worth roughly $426 a month.