15-Year Fixed Mortgage Refinance Interest Rates in Jackson, WY

Compare mortgage rates in Jackson, Wyoming

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

Advertiser Disclosure

Filters

Lender	APR / Rate	Monthly Payment

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details

How Much Can I Save with a 15-Year Refinance in Jackson?

On Jackson's high-value homes ($1,050,400 median), 15-year refinance savings are substantial. Refinancing $840,320 from 30-year (7%) to 15-year (6.5%) saves $695k in total interest. Your monthly payment increases $1,729, but you own your home outright in half the time. As a jumbo loan, 15-year rates often match or beat conforming rates since lenders view shorter terms as less risky. Shop portfolio lenders and credit unions.

What's the Payment Increase for 15-Year Refi in Jackson?

Refinancing $840,320 in Jackson from 30-year to 15-year increases P&I from $5,591 to $7,320/month-a $1,729 jump. Including $534/month property tax (0.61%), your total PITI rises from $6,275 to $8,004. Affordability rule: keep housing costs below 28% of gross income. For a $8,004 payment, you'd need approximately $343,029/year income.

How Do Mortgage Interest Deductions Work on 15-Year Refis in Jackson?

15-year mortgages pay less total interest, reducing tax deductions but building wealth faster. On a $840,320 15-year loan at 6.5%, year-one interest is approximately $54,621-but you can only deduct interest on the first $750k of principal. At 35% tax rate, you save around $17k in taxes year one. Yes, you'll lose some deductions compared to 30-year, but you'll save $695k in actual interest paid. Consult a CPA about Jackson's 0.61% property tax deductions under SALT cap.

Is a 15-Year Jumbo Refinance Available in Jackson?

Yes, and Jackson's median 1,050,400 home values mean most loans are jumbo (above $806,500). 15-year jumbo rates are often competitive-sometimes matching or beating conforming rates because shorter terms reduce lender risk. Requirements: 700-740+ credit score, 20-25% equity, strong reserves (6-12 months), low DTI (below 43%). Benefits: Massive interest savings (695k on this loan), debt-free in 15 years, no PMI concerns.