Mortgage Refinance Rates in Sullivan County, Tennessee (2026)
Refinance math for Sullivan County: at an estimated $403,000 value with a $274,000 balance, moving from ~7.50% to 6.25% saves about $229 monthly — and you may be able to tap up to $48,400 in equity.
Sullivan County rate-and-term refinance
On a representative $274,000 loan in Sullivan County, the before-and-after looks like this:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $1,916 |
| New rate near 6.25% | $1,687 |
| Monthly difference | $229 |
Figures assume a 30-year term and Tennessee escrows — your actual numbers move with your credit and loan size. Get alerts when rates drop.
Sullivan County refinance by loan size
The larger your balance, the more a rate drop returns — three Sullivan County examples:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $192,000 | $1,342 | $1,182 | $160 |
| $274,000 | $1,916 | $1,687 | $229 |
| $370,000 | $2,587 | $2,278 | $309 |
Sullivan County payment by interest rate
Payments on a $274,000 loan near Sullivan County at several rates — a small rate move is real money:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $1,556 | $2,239 |
| 5.75% | $1,599 | $2,275 |
| 6.00% | $1,643 | $2,312 |
| 6.25% | $1,687 | $2,349 |
| 6.50% | $1,732 | $2,387 |
| 6.75% | $1,777 | $2,425 |
| 7.00% | $1,823 | $2,463 |
A 15-year refinance of $274,000 near Sullivan County runs about $2,349/month versus $1,687 on a 30-year — a higher payment near Sullivan County but far less total interest over the life of the Sullivan County loan.
Sullivan County cash-out options
Need cash for a project near Sullivan County? An 80%-LTV cash-out refinance frees up about $48,400 of your Sullivan County equity in a single new loan.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $403,000 |
| Remaining mortgage | $274,000 |
| Conventional 80% cap | $322,400 |
| Equity you can access | $48,400 |
In Sullivan County, Tennessee, property taxes average roughly 0.66% of value, so escrow on a $403,000 home adds about $222/month beyond principal and interest. A $274,000 balance sits near 68% loan-to-value, leaving about $129,000 in equity — room for a rate-and-term refinance now and a cash-out later around Sullivan County.
Conforming & jumbo limits in Sullivan County
Refinances up to $806,500 are conforming in Sullivan County for 2026; larger balances become jumbo refinances with stricter equity and reserve rules.
- Sullivan County value about $403,000 with a $274,000 balance (~68% LTV).
- Monthly savings near $229; break-even around month 30 on $6,850 of costs.
- Five-year net of about $6,877 and cash-out room near $48,400.
- Conforming limit $806,500; current equity roughly $129,000 near Sullivan County.
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Frequently Asked Questions
- What could a refinance save me in Sullivan County?
- On a typical $274,000 balance, moving from about 7.50% to 6.25% saves roughly $229/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Sullivan County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $403,000 Sullivan County home with a $274,000 balance, that is about $48,400 in available cash.
- When does a Sullivan 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 Sullivan County?
- Divide your closing costs (about $6,850 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 Sullivan County-area home?
- On an estimated $403,000 value with a $274,000 balance, that is about $129,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Sullivan 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 $274,000 Sullivan County balance, that move is worth roughly $229 a month.