California Refinance Rates - September 2026
Brian McKay
Brian McKay
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Current mortgage refinance rates in California include U.S. BankU.S. Bank1 California St, Adelanto, CA, 90004A5.0 ★Texas Ratio: 8.65% at 6.99%, 1st Northern California Credit Union1st Northern California Credit Union1111 Pine St, Benicia, CA, 94510 3579A+5.0 ★Texas Ratio: 0.14% at 5.50%, Certified Federal Credit UnionCertified Federal Credit Union1230 Lakes Dr Ste 108, Brea, CA, 90012 3352A+5.0 ★Texas Ratio: 1.20% at 5.88%, Actors Federal Credit UnionActors Federal Credit Union5656 Tujunga Ave, Los Angeles, CA, 90036 3684A-5.0 ★Texas Ratio: 15.01% at 5.79%, and Partners Federal Credit UnionPartners Federal Credit Union100 N First St Ste 400, Anaheim, CA, 91201A+5.0 ★Texas Ratio: 5.23% at 5.99%. Refinance rates as of September 14, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare refinance rates across all loan types in California side-by-side. California refinance rates currently start as low as 5.50% from 1st Northern California Credit Union at 1111 Pine St, Benicia, CA, 94510 3579. Rates are continually updated, so we recommend checking back frequently.
Refinance rates reflect actual verified offers from lenders actively lending to California homeowners. Your final approved rate will depend on your credit profile, loan-to-value ratio, cash-out amount, and daily market movements. Last Updated and Verified: September 14, 2026
Compare Refinance Rates Today in California
Rates shown are each lender’s posted rate for that loan type, which most lenders apply to purchase and refinance loans alike. Local California lenders are listed first in every tab. Among lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. That premium is shown for context only; every rate in the table is the lender’s posted rate.
California 30 Year Fixed Refinance Rates
Learn how these rates and APRs are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.
Loan is for the purchase or limited-cash-out refinance of an owner-occupied, existing single-family residence, in California only, serving as a primary residence, with a loan-to-value ratio of less than 80%, and excellent credit. Payment includes principal and interest only. All loans subject to credit approval. Other restrictions may apply.
Loan amounts of $500,000 to $1,000,000
Loan amount not to exceed $499,999
No additional details available.
For a limited time
Origination Processing Fee: $695.00
My Rate
No additional details available.
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Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
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The rates below are for primary residences located in North or South Carolina. If you are looking for properties outside of these areas, please contact us directly at 800-765-4527 x 1525 . Our team will be happy to assist you with customized rates tailored to your specific location and requirements! Home Loan rates as of 09/08/2026. The Annual Percentage Rate, or APR, for the loan programs shown reflects the interest rate and approximate cost of prepaid finance charges. These charges include a 1% Origination Fee but do not include other closing costs or discount points.
Rates Effective August 4, 2026.
No additional details available.
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As low as
Monthly payment of $3,202 per month per $500,000 borrowed. Payment example does not include taxes, insurance, or homeowners association dues, and the actual payment obligation may be greater. Rates displayed are effective as of 09/11/2026 and may change at any time.
On a typical loan of $500,000.00
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Rate as low as; Payment: 1,536.75 *
As Low As
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Rates may include points. See All Mortgage Rates for details.
No additional details available.
Jumbo Fixed Rates ($832,751 - $5,000,000); 660 FICO, primary occupancy, 60% LTV/CLTV, and property type is a 1-unit single family residence.
All loans are contingent on approval, rates, terms, conditions, and are subject to change at any time and without notice. Your rate is not final until you have received a Locked Commitment (30, 45, or 60) day commitments available). APR* examples above are based on an owner-occupied, detached single family residence, Purchase or Limited Cash Out refinance, loan amount of $450,000 at a maximum 60% Loan to Value (LTV), minimum Credit Score of 720 and 30-day lock commitment. Disclosed APR* includes 15 days of estimated prepaid interest. Final rate will depend on factors including market conditions, specific characteristics of the loan transaction, and Private Mortgage Insurance for loans over 80% LTV. For 30-Year loans less than $275,000, 20-year less than $176,000, and 15-year less than $201,000, please contact your Loan Officer for the discounted interest rates and APRs. For purchases, the minimum down payment is 3.0% of purchase price; for refinances, maximum LTV is 97%. Limited Cash Out is receiving cash back in an amount that is not more than the lesser of 2% of the new refinance loan amount or $2,000. APR = Annual Percentage Rate.The APR is a shopping tool that denotes the true cost of credit expressed as a yearly rate. It considers the interest rate as well as other charges, such as points, prepaid interest and certain closing fees. One point is 1% of the mortgage amount (for example, $1,000 on a $100,000 loan) and adjusts the interest rate on your note. **For AdjustableRate Mortgages (ARM) only: APR = Annual Percentage Rate. Rates are variable and subject to change without notice.
Origination Fee: $4,425
No additional details available.
No additional details available.
As Low As; APR=Annual Percentage Rates. The rates offered are examples, and not intended to be inclusive or a commitment to the pricing for which you may qualify. The loan and accompanying interest rates, points, and APRs may differ and be adjusted based on your credit history, loan-to-value (LTV), occupancy, property type, loan amount, and loan purpose. All loans are subject to a qualifying credit score and approval. Interest rates, points, and APRs are subject to change without notice.
Conforming Rates
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From $50K to $832,750
Payment is based on a $240,000 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
No additional details available.
No additional details available.
Conforming Rates
California 15 Year Fixed Refinance Rates
Learn how these rates and APRs are calculated. Plus, see a conforming fixed-rate estimated monthly payment and APR example. Get more details.
Loan amount not to exceed $499,999
Origination Processing Fee: $695.00
No additional details available.
No additional details available.
No additional details available.
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Get peace of mind with predictable monthly payments. Both traditional and short-term options available.
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The rates below are for primary residences located in North or South Carolina. If you are looking for properties outside of these areas, please contact us directly at 800-765-4527 x 1525 . Our team will be happy to assist you with customized rates tailored to your specific location and requirements! Home Loan rates as of 09/08/2026. The Annual Percentage Rate, or APR, for the loan programs shown reflects the interest rate and approximate cost of prepaid finance charges. These charges include a 1% Origination Fee but do not include other closing costs or discount points.
No additional details available.
Rates Effective August 4, 2026.
Payment: 2,025.26*
Origination Fee: $4,425
No additional details available.
Conforming High-Balance Area Rates
No additional details available.
No additional details available.
Points are $2,800. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
Conforming High-Balance Area Rates
Payment is based on a $240,000 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
No additional details available.
From $50K to $832,750
No additional details available.
No additional details available.
All loans are contingent on approval, rates, terms, conditions, and are subject to change at any time and without notice. Your rate is not final until you have received a Locked Commitment (30, 45, or 60) day commitments available). APR* examples above are based on an owner-occupied, detached single family residence, Purchase or Limited Cash Out refinance, loan amount of $450,000 at a maximum 60% Loan to Value (LTV), minimum Credit Score of 720 and 30-day lock commitment. Disclosed APR* includes 15 days of estimated prepaid interest. Final rate will depend on factors including market conditions, specific characteristics of the loan transaction, and Private Mortgage Insurance for loans over 80% LTV. For 30-Year loans less than $275,000, 20-year less than $176,000, and 15-year less than $201,000, please contact your Loan Officer for the discounted interest rates and APRs. For purchases, the minimum down payment is 3.0% of purchase price; for refinances, maximum LTV is 97%. Limited Cash Out is receiving cash back in an amount that is not more than the lesser of 2% of the new refinance loan amount or $2,000. APR = Annual Percentage Rate.The APR is a shopping tool that denotes the true cost of credit expressed as a yearly rate. It considers the interest rate as well as other charges, such as points, prepaid interest and certain closing fees. One point is 1% of the mortgage amount (for example, $1,000 on a $100,000 loan) and adjusts the interest rate on your note. **For AdjustableRate Mortgages (ARM) only: APR = Annual Percentage Rate. Rates are variable and subject to change without notice.
Rates listed include 0.125% autopay and paperless discount. Rates are for conforming refinance loans, are effective as of 09/11/2026 3:50 PM CT and subject to change at anytime. Rates include a 0.125 percentage point reduction which requires a Citizens consumer checking account set up at time of loan origination with automatic monthly payment deduction. One offer per property. Not applicable to Bond or CRA loans. Other restrictions may apply.
No additional details available.
Jumbo Loans
Amount: $50,000 to $832,750
No additional details available.
As Low As
No additional details available.
No additional details available.
Conforming Rates
On a typical loan of $500,000.00
Origination Fee: $1,425
No additional details available.
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As low as
No additional details available.
Conforming Rates
Amount: $832,751 to $1,249,125
California 5/1 ARM Refinance Rates
Loans up to $1.5 million; APR & payment based on $400,000 loan; Rates subject to change daily. Request more information
Loans up to $1,500,000; APR & Payment based on $400,000 loan; Rates subject to change daily. Home Loan Request More Information
No additional details available.
Initial APR*
Loan Amount: $100,000 - $832,750; California owner-occupied property only
Loan Amount: $1,249,126 - $1.5 mil; California owner-occupied property only
Enjoy a low initial rate that adjusts with the market. Various terms and options available.
No additional details available.
Loan Amount: $100,000 - $832,750; California owner-occupied property only
Loan Amount: $1,249,126 - $1.5 mil; California owner-occupied property only
ARM = Adjustable Rate Mortgage. Adjustable Rate Mortgages are variable and the Annual Percentage Rate (APR) may increase after the initial fixed rate period.
Loan Amount: $100,000 - $832,750; Up to 80% financing; California owner-occupied property only
Conforming Rates; 6.000% / 6.700% Rate
As low as
Caps: 2/2/6; Margin: 2.500%
Caps: 2/2/6
No additional details available.
NY ONLY - APR* as low as (0 pts.): 6.000%
Loan Amount: $832,751 - $1,249,125; Up to 80% financing; California owner-occupied property only
No additional details available.
Caps: 2/2/5; Margin: 2.375%
Caps: 2/2/5
Caps: 1/1/4; The index for Adjustable Rate Mortgages is the One-Year Constant Maturity Treasury Rate.; The current Index Value is 3.91% as of 07/10/2026 and is subject to change with out notice.; Monthly payments may increase corresponding to changes in the rates.; The maximum rate and APR over the life of the loan is 4% from the start rate.
Amount: $50,000 to $832,750
Amount: $50,000 to $832,750
As low as
On a typical loan of $500,000.00, then 300 monthly payments with a rate of 6.375% and payments of $3,110.06
No additional details available.
Rate adjusts every 1 year; Margin: 2.750%; Caps: 2% initial, 2% periodic, 5% lifetime; CMT Index: 4.050%
Rate (as low as); ARM Loans
Rate adjusts every 5 years; Margin: 2.375%; Caps: 2% initial, 2% periodic, 6% lifetime; CMT Index: 4.400%
Amount: $50,000 to $832,750
Rate (as low as); ARM Loans
Initial 5 years fixed, then adjusts annually. For example on a 30-year 5/5 ARM loan of $300,000, you would make 360 monthly payments. The monthly payment in the first five years would be $1,750.72 and would be adjusted after the fifth year.
Rate may be increased after closing
Rate (as low as); ARM Loans
No additional details available.
Footnote 5
Amount: $50,000 to $832,750
All loans are contingent on approval, rates, terms, conditions, and are subject to change at any time and without notice. Your rate is not final until you have received a Locked Commitment (30, 45, or 60) day commitments available). APR* examples above are based on an owner-occupied, detached single family residence, Purchase or Limited Cash Out refinance, loan amount of $450,000 at a maximum 60% Loan to Value (LTV), minimum Credit Score of 720 and 30-day lock commitment. Disclosed APR* includes 15 days of estimated prepaid interest. Final rate will depend on factors including market conditions, specific characteristics of the loan transaction, and Private Mortgage Insurance for loans over 80% LTV. For 30-Year loans less than $275,000, 20-year less than $176,000, and 15-year less than $201,000, please contact your Loan Officer for the discounted interest rates and APRs. For purchases, the minimum down payment is 3.0% of purchase price; for refinances, maximum LTV is 97%. Limited Cash Out is receiving cash back in an amount that is not more than the lesser of 2% of the new refinance loan amount or $2,000. APR = Annual Percentage Rate.The APR is a shopping tool that denotes the true cost of credit expressed as a yearly rate. It considers the interest rate as well as other charges, such as points, prepaid interest and certain closing fees. One point is 1% of the mortgage amount (for example, $1,000 on a $100,000 loan) and adjusts the interest rate on your note. **For AdjustableRate Mortgages (ARM) only: APR = Annual Percentage Rate. Rates are variable and subject to change without notice.
Origination Fee: $1,425
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Rate (as low as); ARM Loans
Jumbo Adjustable Rates ($832,751 - $5,000,000); SOFR; 2.75 Margin; 5/6mo. ARM is a 30-year 1st lien mortgage loan which is fixed for 5 years then adjusts every 6 months thereafter. The adjusted rate is calculated by adding the margin to the SOFR index. The rate may increase based on the SOFR index but will not increase by more than 2% over the initial Note rate at the first rate adjustment and will not increase by more than 1% over the most previous adjusted rate every 6 months thereafter. Total rate adjustments over the life of the loan will not increase more than 5% over the initial Note rate or decrease less than the margin.; 660 FICO, primary occupancy, 60% LTV/CLTV, and property type is a 1-unit single family residence.
Rates Effective August 4, 2026.
Rate as low as; Payment: 1,343.93 *
No additional details available.
California 30-Year Jumbo Refinance Rates
No additional details available.
No additional details available.
Amount: $832,751 to $2,500,000
Amount: $832,751 to $2,500,000
No additional details available.
No additional details available.
Margin: 2.500%; Caps: 2/2/6
Amount: $832,751 to $2,500,000
Amount: $832,751 to $2,500,000
Rate as low as; **Rate as low as 6.250%
The Annual Percentage Rate (APR) for Jumbo loans assumes a loan amount of $900,000. The APR for all other loans assumes a loan amount of $100,000. Featured 6.505% APR corresponds to 3-Year Fixed-to-Adjustable Rate Mortgage at 5.750% interest rate. 3-year fixed-to-adjustable rate: Initial 6.505% is fixed for 3 years, then adjusts annually based on an index and margin. For a 30-year loan of $300,000, you would make 36 payments of $1,750.72 APR, followed by 324 payments based on the then-current variable rate. Loan payments may increase and do not include taxes and insurance.
No additional details available.
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Footnote 9
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Term: 7/6 ARM Jumbo 30-Year Variable
Amount: $832,751 to $2,500,000
No additional details available.
No additional details available.
Finance higher-priced homes without a large down payment or multiple mortgages.
No additional details available.
Amount: $832,751 to $2,500,000
Payment is based on a $726,300 loan at 80% loan-to-value, purchase of a single-family residence. The posted rates are subject to change without notice. The posted mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history.
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
Loan Amounts: See Below
All loans are contingent on approval, rates, terms, conditions, and are subject to change at any time and without notice. Your rate is not final until you have received a Locked Commitment (30, 45, or 60) day commitments available). APR* examples above are based on an owner-occupied, detached single family residence, Purchase or Limited Cash Out refinance, loan amount of $450,000 at a maximum 60% Loan to Value (LTV), minimum Credit Score of 720 and 30-day lock commitment. Disclosed APR* includes 15 days of estimated prepaid interest. Final rate will depend on factors including market conditions, specific characteristics of the loan transaction, and Private Mortgage Insurance for loans over 80% LTV. For 30-Year loans less than $275,000, 20-year less than $176,000, and 15-year less than $201,000, please contact your Loan Officer for the discounted interest rates and APRs. For purchases, the minimum down payment is 3.0% of purchase price; for refinances, maximum LTV is 97%. Limited Cash Out is receiving cash back in an amount that is not more than the lesser of 2% of the new refinance loan amount or $2,000. APR = Annual Percentage Rate.The APR is a shopping tool that denotes the true cost of credit expressed as a yearly rate. It considers the interest rate as well as other charges, such as points, prepaid interest and certain closing fees. One point is 1% of the mortgage amount (for example, $1,000 on a $100,000 loan) and adjusts the interest rate on your note. **For AdjustableRate Mortgages (ARM) only: APR = Annual Percentage Rate. Rates are variable and subject to change without notice.
Loan amounts up to $2.5 million; Purchase | No cash-out refinance | Single-family home | Primary residence; Rates as of 8/11/2026 are subject to change without notice and are based on creditworthiness. Loans based on a purchase or no cash-out refinance, primary residence, single-family homes, with jumbo loan amounts over the High Balance County Loan Limit; maximum LTV is 70% for $2.5M. Payment examples based on 20% down payment or 80% CLTV, FICO 700+, $1,249,125 Loan Amounts. Jumbo loan amounts over the High Balance County Loan Limit: First mortgage 15-year fully amortized $1,249,125 loan amount with a monthly principal and interest payment of $10,710 . First mortgage 30-year fully amortized $1,249,125 loan amount with a monthly principal and interest payment of $8,206 . Projected payments are not inclusive of all fees and costs, and exclude taxes or insurance. All loans are subject to credit approval, standard underwriting guidelines, and WPCCU membership status. Offer is for new applications only and not valid for refinancing existing WPCCU loans. Rates valid for a limited time only and may be withdrawn at any time. View more rates at mortgage.wpccu.org . Contact WPCCU for details. Click here for today's rate.
Loan Amounts: See Below
No additional details available.
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
No additional details available.
Amount: $832,751 to $2,500,000
Balance: $832,751 to $2,500,000
No additional details available.
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up to $1,500,000; APR & payment based on $975,000 loan; Rates subject to change daily. Home Loan Request More Information
No additional details available.
California 15-Year Jumbo Refinance Rates
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No additional details available.
Loan amounts up to $2.5 million; Purchase | No cash-out refinance | Single-family home | Primary residence; Rates as of 8/11/2026 are subject to change without notice and are based on creditworthiness. Loans based on a purchase or no cash-out refinance, primary residence, single-family homes, with jumbo loan amounts over the High Balance County Loan Limit; maximum LTV is 70% for $2.5M. Payment examples based on 20% down payment or 80% CLTV, FICO 700+, $1,249,125 Loan Amounts. Jumbo loan amounts over the High Balance County Loan Limit: First mortgage 15-year fully amortized $1,249,125 loan amount with a monthly principal and interest payment of $10,710 . First mortgage 30-year fully amortized $1,249,125 loan amount with a monthly principal and interest payment of $8,206 . Projected payments are not inclusive of all fees and costs, and exclude taxes or insurance. All loans are subject to credit approval, standard underwriting guidelines, and WPCCU membership status. Offer is for new applications only and not valid for refinancing existing WPCCU loans. Rates valid for a limited time only and may be withdrawn at any time. View more rates at mortgage.wpccu.org . Contact WPCCU for details. Click here for today's rate.
Loan Amounts: See Below
Loan Amounts: See Below
Amount: $832,751 to $2,500,000
Balance: $832,751 to $2,500,000
No additional details available.
Rates effective September 11, 2026. Rates, and terms and conditions subject to change without notice on new loans. Rates posted are estimates only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes above are based on a specific loan amount for the purchase of a single family primary residence. 3) 15 and 30 Year JUMBO loan payments are based on a $806,500.00 loan amount
No additional details available.
California 5/1 Jumbo ARM Refinance Rates
As low as; Current Calculation of Rate Remaining Term: 6.625%
As low as; Rate 1 15 Years
Margin: 2.500%; Caps: 2/2/6
Margin: 2.375%; Caps: 2/2/5
As low as; Current Calculation of Rate Remaining Term: 6.625%
Amount: $832,751 to $2,500,000
Amount: $832,751 to $2,500,000
No additional details available.
Amount: $832,751 to $2,500,000
Amount: $832,751 to $2,500,000
Rate (as low as); ARM Loans
No additional details available.
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Rate (as low as); ARM Loans
Term: 5/6 ARM Jumbo 30-Year Variable
Rates shown are "as low as".
No additional details available.
No additional details available.
Footnote 7
Rate (as low as); ARM Loans
ARM rates, APRs and monthly payments are subject to increase after the initial fixed-rate period of five, seven, or 10 years and assume a 30-year term. Learn how these rates, APRs and monthly payments are calculated. Plus, see an ARM estimated monthly payment and APR example. Get more details.
California FHA Loan Rates
No additional details available.
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Intro/promo APR: 6.88%; Intro rate expires: 12 months; Regular APR: 19.99% - 29.99%
Intro/promo APR: 7.65%; Intro rate expires: 12 months; Regular APR: 19.99% - 29.99%
California VA Loan Rates
Points are $3,240. Rates, terms, and fees as of 9/10/2026 10:15 AM Eastern Daylight Time and subject to change without notice.
As Low As
Term: 5/6 ARM Jumbo 30-Year Variable
Rates shown are "as low as".
Term: 7/6 ARM Jumbo 30-Year Variable
No additional details available.
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As Low As; Course of Construction Insurance is required. Ask your loan originator what other qualifications apply.
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No additional details available.
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Refinance Rate Averages
Daily averages of posted rates across every lender we track, as of September 12, 2026. Use these as the benchmark for the California quotes above; lenders that price refinances separately currently run about 0.091 points higher.
California Refinance Rate Trends
Compare local California refinance quotes against the statewide average
Daily averages of posted first-mortgage rates across our lender network, updated every evening. Because most lenders price purchase and refinance loans identically, this is the benchmark a California refinance quote should be measured against, plus roughly 0.091 points at lenders that price refinances separately.
California 30-year fixed rates fell 0.003 points over the past 7 days to 6.659%.
California 15-year fixed rates rose 0.001 points over the past 7 days to 6.215%.
What California Homeowners Actually Pay to Refinance
Posted refinance rates from our lender network alongside the rates borrowers closed at, from federal HMDA filings
Two different measures. The refinance premium is computed nightly from lenders that publish separate purchase and refinance pricing. HMDA figures are median note rates on loans that actually closed.
California Refinance Rate Forecast, Next 12 Months
Where are California refinance rates headed through September 2027?
Based on Fed funds rate futures, 10-year Treasury path, and historical mortgage spread model. If the forecast shows rates falling, waiting may beat refinancing today; the break-even calculator below shows what each scenario is worth. Not financial advice.
What Forecast Rates Mean for California Homeowners Refinancing
Monthly principal & interest on a 30-year refinance of the loan of $587,760 (80% of the state median home value). Payment differences show what waiting for the forecast rate would be worth each month.
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (CA avg) | 6.659% | $3,777 | — | 45.7% |
| 6-Month Forecast | 6.659% (6.31–6.96%) | $3,777 | +$0/mo | 45.7% |
| 12-Month Forecast | 6.909% (6.56–7.21%) | $3,875 | +$98/mo | 46.9% |
Income column = annual mortgage payment as % of California median household income ($99,122). Above 30% is generally considered cost-burdened.
California Refinance Break-Even Calculator
Enter your current loan and the refinance rate you have been quoted. The calculator shows the new payment, monthly savings, and how many months it takes for those savings to pay back the closing costs. Click a current California rate on the right to test it instantly.
Principal and interest only. Excludes escrow, mortgage insurance, and any prepayment penalty on the current loan. Lifetime interest compares the remaining interest on the current loan to total interest on the new loan. Estimates are for informational purposes only.
Run the Numbers on Your California Refinance
The rate is only part of the decision. Use these calculators to turn current California refinance rates into monthly savings, break-even months, and total interest before you talk to a lender.
If you already own a home, enter your current rate, remaining loan balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, how much you’d save each month, and the break-even point, the number of months it takes for your savings to cover the closing costs of refinancing.
CalculateEnter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios: a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateIf your goal is cash rather than a lower rate, compare current California home equity loan and HELOC rates against a cash-out refinance. Keeping a low existing first mortgage and adding a second lien is often the cheaper path, especially for loans originated between 2020 and 2022.
CompareTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current California rates, so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateTypes of Refinance Loans Available in California
Homeowners across California can choose from several refinance programs. The right one depends on what you are trying to do: lower the rate, shorten the term, pull cash out, or drop mortgage insurance. Pricing, appraisal requirements, and eligibility differ across each, and the cheapest program is not always the lowest posted rate once fees are counted.
Rate-and-Term Refinance
The standard refinance. You replace your existing mortgage with a new loan for about the same balance, changing only the rate, the term, or both. It is the lowest-priced refinance product at nearly every California lender because the loan-to-value ratio does not rise.
Best for homeowners whose rate is at least half a point above today’s California average and who plan to stay past the break-even point. Choosing a term that matches your remaining years, rather than resetting to 30, keeps the payoff date where it is.
Cash-Out Refinance
A cash-out refinance replaces your mortgage with a larger one and hands you the difference at closing. Conventional lenders cap the new loan at 80% of appraised value; VA cash-out loans go to 90%. Rates run above rate-and-term pricing.
If you hold a low rate from 2020 to 2022, a home equity loan or HELOC in California usually costs less than refinancing the whole balance at today’s rate to pull out cash.
FHA Streamline Refinance
For homeowners already in an FHA loan. No appraisal, no income verification, and limited credit review, as long as the new loan produces a net tangible benefit (generally a rate at least 0.5% lower, or a move from an ARM to a fixed rate). You need 210 days since the first payment and six on-time payments.
The upfront mortgage insurance premium is reduced to 0.01% and annual MIP continues, so FHA borrowers with 20% equity and good credit should also price a conventional rate-and-term refinance, which drops mortgage insurance entirely.
VA IRRRL (Streamline Refinance)
The Interest Rate Reduction Refinance Loan lets veterans refinance an existing VA loan with no appraisal, no income documentation, and a funding fee of just 0.5% (waived for borrowers with a service-connected disability). Closing costs can be rolled into the loan.
The new rate must be lower than the current one unless you are moving from an ARM to a fixed rate, and you must recoup closing costs within 36 months. VA lenders in California quote IRRRL pricing separately, so ask for it by name.
USDA Streamlined-Assist Refinance
For homeowners with an existing USDA Rural Development loan. No appraisal or credit review in most cases, and the new payment must be at least $50 a month lower than the current one. The property no longer has to meet the rural eligibility map.
Twelve months of on-time payments are required, and the 1% upfront guarantee fee plus the annual fee apply to the new loan.
Jumbo Refinance
The 2026 FHFA conforming baseline in California is $832,750 for most counties, higher in designated high-cost areas. A refinance above the county limit is a jumbo loan, priced and underwritten lender by lender.
Jumbo refinances usually require a 700 or higher credit score, reserves of six to twelve months of payments, and a loan-to-value of 80% or less. Because balances are large, even a quarter-point rate difference is worth thousands a year, so compare the 30-Year Jumbo and 15-Year Jumbo tabs above closely. If paying the balance down to the conforming limit at closing is possible, conforming refinance pricing is often noticeably better.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our California refinance rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Refinance Rate Data: We aggregate mortgage and refinance rates for California directly from the official websites of local lenders, credit unions, and national mortgage originators using our proprietary rate aggregation technology and a dedicated team of rate updaters. Where a lender publishes a product specifically for refinancing, that product is listed by name; where a lender publishes one rate sheet for purchase and refinance loans, that rate is shown as the refinance rate, which is how the lender itself quotes it.
Refinance Premium and HMDA Figures: The refinance premium is the average difference between a lender’s refinance-labeled product and the same lender’s standard product of the same term, computed nightly across lenders that publish both. It is shown for context and is never added to any rate in the tables. HMDA figures are median note rates on first-lien, owner-occupied, one-to-four-unit loans originated in the most recent reporting year, from the Consumer Financial Protection Bureau’s public Loan/Application Register.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products in California. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national originators available to borrowers in CA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage and refinance rates daily. Because rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
How a Mortgage Refinance Works in California
A refinance pays off your current mortgage with a new loan on the same California home. The new lender wires the payoff to the old lender at closing, and from that point you make payments on the new loan only. Because it is a brand-new mortgage, you go through an application, credit check, and usually an appraisal, and you pay closing costs, just as you did when you bought the home.
How California Refinance Rates Compare to Purchase Rates
Most California banks and credit unions post one rate sheet that applies to purchase and refinance loans alike, which is why the tables above show the same lenders you will find on our California mortgage rates page. For example, U.S. Bank is listing a 30-year fixed refinance at 6.99% for either purpose. Some lenders price refinances separately and list them by name, such as The First Financial Federal Credit Union’s 5/5 ARM (Adjustable Rate Mortgage) - 5/5 ARM (Purchase & Refinance) at 6.00%. Across lenders that post both, refinance pricing currently runs about 0.091 points above the same lender’s purchase rate nationally. Cash-out refinances, investment properties, and second homes carry pricing add-ons at every lender.
Finding Your Break-Even Point in California
Divide total closing costs by the monthly payment savings and you get the number of months until the refinance has paid for itself. A California homeowner who expects to sell before that month should not refinance, no matter how good the rate looks. The calculator above runs this math with today’s local rates. A shorter break-even, under three years, is a comfortable margin; anything past five years needs a long stay to pay off.
Refinance Closing Costs and No-Closing-Cost Loans in California
Refinance closing costs in California typically run two to five percent of the loan and include the lender’s origination fee, appraisal, title search and lender’s title policy, recording fees, and prepaid interest. Discount points are optional and buy the rate down. A no-closing-cost refinance rolls the fees into a higher rate or the loan balance. It is not free, but it can be the better choice for a homeowner likely to move or refinance again within a few years, because there is nothing to recoup.
When California Homeowners Should Wait
Refinancing rarely pays when the new rate is less than half a point below the current one, when you are more than ten years into a 30-year loan and would reset the clock, or when your credit score has dropped since the original loan. Homeowners holding a rate from 2020 to 2022 are usually better served by keeping that loan and using a home equity loan or HELOC for cash needs. Our California refinance rate trends above show where rates have been over the past 90 days, and the forecast gives a sense of where they may head, so you can decide whether to lock now or wait.
Frequently Asked Questions about Refinance Rates in California
Are refinance rates higher than purchase mortgage rates in California?
When does refinancing make sense in California?
How soon can I refinance a mortgage in California?
What is a rate-and-term refinance?
What is a cash-out refinance?
Does refinancing reset my 30-year term?
What are typical refinance closing costs in California?
What is the difference between interest rate and APR on a refinance?
Should I lock my refinance rate?
How do I find the best refinance lender in California?
What are the best refinance rates in California?
- U.S. Bank: 6.99% (30-year fixed refinance)
- 1st Northern California Credit Union: 5.50% (30 Year Fixed)
- Certified Federal Credit Union: 5.88% (30-Year Fixed)
- Actors Federal Credit Union: 5.79% (30 Year Fixed-Rate Mortgage)
- Partners Federal Credit Union: 5.99% (30-year fixed-rate mortgage)
California Rates & Resources
Refinance Rates by City in California
