Mortgage Refinance Rates in Florence County, South Carolina (2026)
Refinance math for Florence County: at an estimated $358,000 value with a $243,000 balance, moving from ~7.50% to 6.25% saves about $203 monthly — and you may be able to tap up to $43,400 in equity.
How much you could save near Florence County
The payment comparison below uses a typical $243,000 Florence County balance at example rates:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $1,699 |
| New rate near 6.25% | $1,496 |
| Monthly difference | $203 |
These are example figures for Florence County; a lender will price your exact rate from your file. Get alerts when rates drop.
Savings by balance in Florence County
How monthly savings scale with balance near Florence County:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $170,000 | $1,189 | $1,047 | $142 |
| $243,000 | $1,699 | $1,496 | $203 |
| $328,000 | $2,293 | $2,020 | $274 |
Florence County refinance payments at today's rates
How the Florence County payment on $243,000 changes with the rate you lock:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $1,380 | $1,986 |
| 5.75% | $1,418 | $2,018 |
| 6.00% | $1,457 | $2,051 |
| 6.25% | $1,496 | $2,084 |
| 6.50% | $1,536 | $2,117 |
| 6.75% | $1,576 | $2,150 |
| 7.00% | $1,617 | $2,184 |
A 15-year refinance of $243,000 near Florence County runs about $2,084/month versus $1,496 on a 30-year — a higher payment near Florence County but far less total interest over the life of the Florence County loan.
Tapping Florence County equity
Sitting on equity? A cash-out refinance in Florence County can go up to 80% of value — about $43,400 in your pocket on the numbers above — for renovations, debt payoff, or investing.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $358,000 |
| Remaining mortgage | $243,000 |
| Conventional 80% cap | $286,400 |
| Equity you can access | $43,400 |
In Florence County, South Carolina, property taxes average roughly 0.57% of value, so escrow on a $358,000 home adds about $170/month beyond principal and interest. A $243,000 balance sits near 68% loan-to-value, leaving about $115,000 in equity — room for a rate-and-term refinance now and a cash-out later around Florence County.
When a Florence County refinance becomes jumbo
Refinances up to $806,500 are conforming in Florence County for 2026; larger balances become jumbo refinances with stricter equity and reserve rules.
- Florence County value about $358,000 with a $243,000 balance (~68% LTV).
- Monthly savings near $203; break-even around month 30 on $6,075 of costs.
- Five-year net of about $6,099 and cash-out room near $43,400.
- Conforming limit $806,500; current equity roughly $115,000 near Florence County.
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Frequently Asked Questions
- What could a refinance save me in Florence County?
- On a typical $243,000 balance, moving from about 7.50% to 6.25% saves roughly $203/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Florence County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $358,000 Florence County home with a $243,000 balance, that is about $43,400 in available cash.
- When does a Florence County refinance turn jumbo?
- The 2026 conforming limit is $806,500 for a one-unit home (the national baseline). Refinances above that are jumbo loans.
- How fast do I break even in Florence County?
- Divide your closing costs (about $6,075 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 Florence County-area home?
- On an estimated $358,000 value with a $243,000 balance, that is about $115,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Florence 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 $243,000 Florence County balance, that move is worth roughly $203 a month.