Cash-Out Refinance Calculator Florida
Use the Cash-Out Refinance Calculator for Florida homes, with the state's property taxes, homestead exemption, and higher insurance costs in mind.
By Onias Derilus, Mortgage Capital · NMLS# 1859012 · Last Updated: June 2026
It estimates how much cash you can pull from your home's equity in a cash-out refinance, along with your new loan amount and monthly payment.
Cash-Out Refinance in Florida
Florida homeowners who bought during the appreciation of recent years often hold substantial equity, which makes cash-out refinancing attractive for renovations or debt consolidation. Note that Florida's documentary stamp tax and intangible tax apply to the new mortgage, adding to closing costs on a cash-out refinance.
The calculator multiplies your home value by the maximum loan-to-value ratio to find the largest new loan allowed, subtracts your existing balance and closing costs, and shows the cash left over plus the new payment on the larger loan.
Ready to run the numbers for your own Florida home? Open the interactive cash-out refinance calculator and adjust the inputs to match your situation.
Frequently Asked Questions
How much equity can I cash out?
Most lenders cap a primary-residence cash-out refinance at 80% loan-to-value, so your cash is the gap between that ceiling and your current balance, minus closing costs.
Cash-out refinance or HELOC?
A cash-out refinance replaces your whole mortgage at the new rate, while a HELOC adds a second loan and leaves your first mortgage untouched. If your existing rate is low, a HELOC often costs less.
Turn Your Cash-Out Refinance Estimate Into a Real Pre-Approval
Get a personalized rate quote from a licensed Florida mortgage broker — no obligation. NMLS# 1859012.
Rates are illustrative only. APR and payments vary by credit score, loan amount, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.