Mortgage Refinance Rates in Salt Lake County, Utah (2026)
Refinance math for Salt Lake County: at an estimated $560,000 value with a $381,000 balance, moving from ~7.50% to 6.25% saves about $318 monthly — and you may be able to tap up to $67,000 in equity.
How much you could save near Salt Lake County
The payment comparison below uses a typical $381,000 Salt Lake County balance at example rates:
| Principal & Interest | Monthly |
|---|---|
| Now, around 7.50% | $2,664 |
| New rate near 6.25% | $2,346 |
| Monthly difference | $318 |
These are example figures for Salt Lake County; a lender will price your exact rate from your file. Get alerts when rates drop.
Savings by balance in Salt Lake County
How monthly savings scale with balance near Salt Lake County:
| Balance | Now (~7.50%) | Refi (~6.25%) | Monthly Saved |
|---|---|---|---|
| $267,000 | $1,867 | $1,644 | $223 |
| $381,000 | $2,664 | $2,346 | $318 |
| $514,000 | $3,594 | $3,165 | $429 |
Salt Lake County refinance payments at today's rates
How the Salt Lake County payment on $381,000 changes with the rate you lock:
| Rate | 30-yr P&I | 15-yr P&I |
|---|---|---|
| 5.50% | $2,163 | $3,113 |
| 5.75% | $2,223 | $3,164 |
| 6.00% | $2,284 | $3,215 |
| 6.25% | $2,346 | $3,267 |
| 6.50% | $2,408 | $3,319 |
| 6.75% | $2,471 | $3,372 |
| 7.00% | $2,535 | $3,425 |
A 15-year refinance of $381,000 near Salt Lake County runs about $3,267/month versus $2,346 on a 30-year — a higher payment near Salt Lake County but far less total interest over the life of the Salt Lake County loan.
Tapping Salt Lake County equity
Sitting on equity? A cash-out refinance in Salt Lake County can go up to 80% of value — about $67,000 in your pocket on the numbers above — for renovations, debt payoff, or investing.
| Cash-Out Figure | Amount |
|---|---|
| Home value today | $560,000 |
| Remaining mortgage | $381,000 |
| Conventional 80% cap | $448,000 |
| Equity you can access | $67,000 |
In Salt Lake County, Utah, property taxes average roughly 0.57% of value, so escrow on a $560,000 home adds about $266/month beyond principal and interest. A $381,000 balance sits near 68% loan-to-value, leaving about $179,000 in equity — room for a rate-and-term refinance now and a cash-out later around Salt Lake County.
When a Salt Lake County refinance becomes jumbo
The 2026 conforming ceiling in Salt Lake County is $806,500, the standard baseline. Above it, expect jumbo pricing and tighter underwriting.
- Salt Lake County value about $560,000 with a $381,000 balance (~68% LTV).
- Monthly savings near $318; break-even around month 30 on $9,525 of costs.
- Five-year net of about $9,562 and cash-out room near $67,000.
- Conforming limit $806,500; current equity roughly $179,000 near Salt Lake County.
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Frequently Asked Questions
- What could a refinance save me in Salt Lake County?
- On a typical $381,000 balance, moving from about 7.50% to 6.25% saves roughly $318/month in principal and interest. Your savings depend on your current rate, balance, and term.
- What is my cash-out limit in Salt Lake County?
- Conventional cash-out refinances are capped at 80% of appraised value. On an estimated $560,000 Salt Lake County home with a $381,000 balance, that is about $67,000 in available cash.
- When does a Salt Lake 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 Salt Lake County?
- Divide your closing costs (about $9,525 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 Salt Lake County-area home?
- On an estimated $560,000 value with a $381,000 balance, that is about $179,000 in equity — roughly 32%. A conventional cash-out requires you to keep 20%.
- Is now a good time to refinance in Salt Lake 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 $381,000 Salt Lake County balance, that move is worth roughly $318 a month.