15-Year Fixed Mortgage Refinance Interest Rates in Las Vegas, NV

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Showing results for: 15-Year Fixed refinance offers for Single Family or Townhome properties in NV, total loan amount of $228,000.

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Should I Refinance from 30-Year to 15-Year in Las Vegas?

In Las Vegas's hot market with 9.3% appreciation, refinancing to a 15-year term accelerates both forced and natural equity building. On a $188,000 loan, switching from 30-year at 7% to 15-year at 6.5% increases your payment from $1,251 to $1,638/month-a $387 increase. However, you'll save $156k in interest over the loan's life and build equity twice as fast. Combined with Las Vegas's rapid appreciation, this strategy maximizes wealth building for homeowners who can afford higher payments.

How Much More Will My Payments Be with a 15-Year Refi in Las Vegas?

Refinancing $188,000 from 30-year (7%) to 15-year (6.5%) increases your principal and interest payment by $387/month. Including Las Vegas's $135/month property tax at 0.69%, your total PITI jumps from approximately $1,536 to $1,923. Can you afford the increase? If your Las Vegas home appreciated from $235,000 to $270,250, refinancing to 15-year builds equity even faster, compounding with market growth.

How Fast Will I Build Equity with a 15-Year Refi in Las Vegas?

Dramatically faster than 30-year loans. In the first year of a 15-year mortgage at 6.5%, approximately $10,340 of your $1,638 monthly payment goes to principal -versus only $3,760 monthly on a 30-year. Add Las Vegas's 9.3% appreciation ($21,855/year on median homes), and your total equity grows $145,935 in year one. By year 5: over $730k in combined equity.

What Are 15-Year Refinance Closing Costs in Las Vegas?

Expect $3,760-$5,640 (2-3% of loan amount) for 15-year refinancing in Las Vegas. On a $188,000 loan, that's approximately $4,700. While the monthly payment increase is $387, you're not "losing" that money-it goes to principal, building equity. The true benefit: $156k interest savings over the loan's life. With Las Vegas's hot market appreciation, you're building wealth on two fronts: accelerated paydown + market gains.