Mortgage Refinance Rates in Lexington County, South Carolina (2026)
Refinance math for Lexington County: at an estimated $300,000 value with a $204,000 balance, moving from ~7.50% to 6.25% saves about $170 monthly — and you may be able to tap up to $36,000 in equity.
How much you could save near Lexington County
The payment comparison below uses a typical $204,000 Lexington County balance at example rates:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $1,426 |
| New rate near 6.25% | $1,256 |
| Monthly difference | $170 |
These are example figures for Lexington County; a lender will price your exact rate from your file. Get alerts when rates drop.
Savings by balance in Lexington County
How monthly savings scale with balance near Lexington County:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $143,000 | $1,000 | $880 | $119 |
| $204,000 | $1,426 | $1,256 | $170 |
| $275,000 | $1,923 | $1,693 | $230 |
Lexington County refinance payments at today's rates
How the Lexington County payment on $204,000 changes with the rate you lock:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $1,158 | $1,667 |
| 5.75% | $1,190 | $1,694 |
| 6.00% | $1,223 | $1,721 |
| 6.25% | $1,256 | $1,749 |
| 6.50% | $1,289 | $1,777 |
| 6.75% | $1,323 | $1,805 |
| 7.00% | $1,357 | $1,834 |
A 15-year refinance of $204,000 near Lexington County runs about $1,749/month versus $1,256 on a 30-year — a higher payment near Lexington County but far less total interest over the life of the Lexington County loan.
Tapping Lexington County equity
Sitting on equity? A cash-out refinance in Lexington County can go up to 80% of value — about $36,000 in your pocket on the numbers above — for renovations, debt payoff, or investing.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $300,000 |
| Remaining mortgage | $204,000 |
| Conventional 80% cap | $240,000 |
| Equity you can access | $36,000 |
In Lexington County, South Carolina, property taxes average roughly 0.57% of value, so escrow on a $300,000 home adds about $142/month beyond principal and interest. A $204,000 balance sits near 68% loan-to-value, leaving about $96,000 in equity — room for a rate-and-term refinance now and a cash-out later around Lexington County.
When a Lexington County refinance becomes jumbo
Refinances up to $806,500 are conforming in Lexington County for 2026; larger balances become jumbo refinances with stricter equity and reserve rules.
- Lexington County value about $300,000 with a $204,000 balance (~68% LTV).
- Monthly savings near $170; break-even around month 30 on $5,100 of costs.
- Five-year net of about $5,120 and cash-out room near $36,000.
- Conforming limit $806,500; current equity roughly $96,000 near Lexington County.
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Frequently Asked Questions
- What could a refinance save me in Lexington County?
- On a typical $204,000 balance, moving from about 7.50% to 6.25% saves roughly $170/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Lexington County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $300,000 Lexington County home with a $204,000 balance, that is about $36,000 in available cash.
- When does a Lexington 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 Lexington County?
- Divide your closing costs (about $5,100 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 Lexington County-area home?
- On an estimated $300,000 value with a $204,000 balance, that is about $96,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Lexington 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 $204,000 Lexington County balance, that move is worth roughly $170 a month.