Florida Refinance Calculator
Calculate whether refinancing your mortgage saves money in Florida
Florida Calculator
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Updated for 2025 with real Florida rates, brackets, and regulations
Refinancing in Florida involves the same documentary stamp tax and intangible tax that apply to new mortgages — doc stamps at $0.35 per $100 on the new mortgage note (note: the note rate is half the deed rate) and intangible tax at $0.20 per $100 on the new mortgage amount. These Florida-specific costs increase your break-even period compared to other states. Our calculator determines whether refinancing makes sense after accounting for all Florida costs, including doc stamps, intangible tax, title insurance, and your remaining SOH benefits.
Calculate Your FL Tax
Monthly Savings
321$/mo
Current Payment
$2,217/mo
New Payment
$1,896/mo
Break-Even
17 months
FL Doc Stamps (Refi)
$1,050(0.35%)
Total Closing Costs
$5,275
Lifetime Savings
$-22,816
Breakdown
Insight
Refinancing from 7.5% to 6.5% saves $321/month. Break-even: 17 months. IMPORTANT FL COST: Documentary stamp tax of 0.35% applies to the new mortgage note ($1,050), making FL refinancing slightly more expensive than states with no transfer taxes. Unlike Texas, there's no constitutional LTV cap for cash-out refinances in Florida. With $-22,816 in lifetime savings, refinancing makes sense if you stay at least 17 months. No state income tax means the interest savings are your full benefit (no state deduction to lose).
AI Explanation
What This Means
Based on default inputs, the Florida Refinance Calculator shows a monthly savings of 321 $/mo. Key figures: Current Payment: $2,217/mo, New Payment: $1,896/mo, Break-Even: 17 months, FL Doc Stamps (Refi): $1,050(0.35%), Total Closing Costs: $5,275, Lifetime Savings: $-22,816.
Key Insights
Refinancing from 7.5% to 6.5% saves $321/month. Break-even: 17 months. IMPORTANT FL COST: Documentary stamp tax of 0.35% applies to the new mortgage note ($1,050), making FL refinancing slightly more expensive than states with no transfer taxes. Unlike Texas, there's no constitutional LTV cap for cash-out refinances in Florida. With $-22,816 in lifetime savings, refinancing makes sense if you stay at least 17 months. No state income tax means the interest savings are your full benefit (no state deduction to lose).
What You Can Do
Enter your actual figures in the calculator above for a personalized breakdown. Consider consulting a tax professional for comprehensive planning, especially for complex situations involving multiple income sources or deductions.
Keep In Mind
This calculator provides estimates based on 2026 rates. Actual tax liability may vary based on credits, exemptions, and other factors not captured here. This is for educational purposes only and should not be considered tax advice.
How the Florida Refinance Calculator Works
The Florida Refinance Calculator uses 2026 tax rates, brackets, and deductions specific to Florida to provide you with an accurate estimate of your tax obligations. Unlike generic federal-only calculators, this tool accounts for the unique tax structure that Florida residents face.
Formula
Monthly Savings = Old Payment - New Payment. FL Refi Costs = Doc Stamps (0.35% on note) + Intangible Tax (0.20% on mortgage) + Title + Lender Fees. Break-even = Total Refi Costs ÷ Monthly Savings.Simply enter your financial details above, and the calculator instantly computes your results using the latest available data. All calculations happen directly in your browser — your personal information is never sent to any server or stored anywhere.
Why Use a Florida-Specific Calculator?
State-Specific Rates
Uses real 2026 Florida tax brackets, rates, and thresholds — not generic national averages that miss state-level nuances.
Local Programs & Exemptions
Factors in Florida-specific programs, exemptions, and deductions that national calculators simply don't account for.
Instant & Private
All calculations run locally in your browser. No account required, no data stored, no waiting for results.
AI-Powered Explanations
Get a plain-English breakdown of your results with actionable insights you can actually use for financial planning.
What's Included
FL Refi Cost Calculator
Includes doc stamps and intangible tax that add ~0.55% to your refinance costs.
Break-Even Analysis
See exactly when FL-adjusted refinance costs are recovered through monthly savings.
SOH Impact Check
Verify that refinancing won't affect your Save Our Homes assessment cap status.
Frequently Asked Questions
Does refinancing affect my homestead exemption?
No. Refinancing your mortgage does not affect your homestead exemption or Save Our Homes (SOH) cap in Florida. Your assessed value and SOH savings remain intact. The homestead protection applies to the property, not the mortgage.
What are Florida refinance closing costs?
Florida adds ~0.55% to standard refinance costs: doc stamps at $0.35 per $100 on the mortgage note + intangible tax at $0.20 per $100 on the mortgage amount. On a $300,000 refinance: doc stamps ~$1,050 + intangible tax ~$600 + title ~$1,500 + lender fees ~$1,000 = ~$4,150 total.
Is it worth refinancing in Florida?
Florida's extra closing costs (doc stamps + intangible tax) mean you need a larger rate reduction to break even. Typically, you need at least a 0.75-1.0% rate reduction to break even within 2-3 years in Florida, compared to 0.5% in states without transfer taxes. Longer time horizons favor refinancing.
What is the doc stamp rate on refinance notes?
Documentary stamps on promissory notes (mortgages) in Florida are $0.35 per $100 (0.35%), which is half the rate charged on deeds ($0.70 per $100). On a $300,000 refinance, that's $1,050 in doc stamps.
Should I do a cash-out refinance in Florida?
Cash-out refinancing in Florida makes the intangible tax higher (since it's based on the full new mortgage amount) and triggers doc stamps on the full note. However, the funds are useful for hurricane-proofing, home improvements (which can lower insurance via wind mitigation credits), or paying off higher-interest debt.
Important Information for Florida Residents
Tax laws in Florida can change annually. This calculator is updated regularly to reflect the latest 2026 rates and regulations, but you should always verify important financial decisions with a qualified Florida tax professional or CPA.
This tool is designed for informational and educational purposes. While we strive for accuracy using official Florida Department of Taxation data, the results should be used as estimates for planning purposes only. Your actual tax liability may differ based on credits, special circumstances, and legislative changes that occur after our last update.
For filing deadlines, payment schedules, and official forms, visit the Florida Department of Taxation and Finance website. If you have complex tax situations involving multiple states, business income, or significant investment gains, professional guidance is recommended.
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