Mortgage Refinance Rates in Horry County, South Carolina (2026)
For Horry County homeowners, the refinance question in 2026 is simple: on a $231,000 balance, a move from 7.50% down to 6.25% frees up roughly $193 every month — and equity near Horry County opens cash-out room too.
Horry County rate-and-term refinance
On a representative $231,000 loan in Horry County, the before-and-after looks like this:
| Payment | Per Month |
|---|---|
| Today (~7.50%) | $1,615 |
| Refinanced (~6.25%) | $1,422 |
| What you would save | $193 |
Figures assume a 30-year term and South Carolina escrows — your actual numbers move with your credit and loan size. Get alerts when rates drop.
Horry County refinance by loan size
The larger your balance, the more a rate drop returns — three Horry County examples:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $162,000 | $1,133 | $997 | $135 |
| $231,000 | $1,615 | $1,422 | $193 |
| $312,000 | $2,182 | $1,921 | $261 |
Horry County payment by interest rate
Payments on a $231,000 loan near Horry County at several rates — a small rate move is real money:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $1,312 | $1,887 |
| 5.75% | $1,348 | $1,918 |
| 6.00% | $1,385 | $1,949 |
| 6.25% | $1,422 | $1,981 |
| 6.50% | $1,460 | $2,012 |
| 6.75% | $1,498 | $2,044 |
| 7.00% | $1,537 | $2,076 |
A 15-year refinance of $231,000 near Horry County runs about $1,981/month versus $1,422 on a 30-year — a higher payment near Horry County but far less total interest over the life of the Horry County loan.
Horry County cash-out options
Need cash for a project near Horry County? An 80%-LTV cash-out refinance frees up about $41,000 of your Horry County equity in a single new loan.
| Cash-Out Figure | Amount |
|---|---|
| Appraised value (est.) | $340,000 |
| Balance you owe now | $231,000 |
| Max new loan at 80% LTV | $272,000 |
| Cash you could pull out | $41,000 |
In Horry County, South Carolina, property taxes average roughly 0.57% of value, so escrow on a $340,000 home adds about $161/month beyond principal and interest. A $231,000 balance sits near 68% loan-to-value, leaving about $109,000 in equity — room for a rate-and-term refinance now and a cash-out later around Horry County.
Conforming & jumbo limits in Horry County
Horry County's 2026 conforming limit is $806,500 for a single-family home — the national baseline used across most of the Southeast. Refinance a balance above it and you are in jumbo territory, which carries its own rates and guidelines.
- Horry County value about $340,000 with a $231,000 balance (~68% LTV).
- Monthly savings near $193; break-even around month 30 on $5,775 of costs.
- Five-year net of about $5,798 and cash-out room near $41,000.
- Conforming limit $806,500; current equity roughly $109,000 near Horry County.
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Frequently Asked Questions
- What could a refinance save me in Horry County?
- On a typical $231,000 balance, moving from about 7.50% to 6.25% saves roughly $193/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Horry County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $340,000 Horry County home with a $231,000 balance, that is about $41,000 in available cash.
- When does a Horry 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 Horry County?
- Divide your closing costs (about $5,775 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 Horry County-area home?
- On an estimated $340,000 value with a $231,000 balance, that is about $109,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Horry 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 $231,000 Horry County balance, that move is worth roughly $193 a month.