Bank Statement Refinance Calculator in Florida

Bank Statement Refinance Calculator in Florida

A bank statement refinance only makes sense when the savings beat the cost. The math that matters is your break-even. Divide the closing costs by your monthly savings. That tells you how many months until the refinance pays for itself. If you will sell or refinance again before then, it is not worth it yet. We run your exact figures so the decision is based on your numbers, not a generic estimate.

A bank-statement refinance qualifies self-employed Florida homeowners on their actual deposits rather than adjusted tax returns. It is the refinance answer for owners whose write-offs make their taxable income look too small.

Lenders average 12 or 24 months of personal or business bank statements to establish your income, then refinance on that figure. No tax returns, no profit-and-loss gymnastics — just the money that actually moves through your accounts.

These are non-QM loans, so the rate sits a touch above conventional, but for an owner who cannot document income the traditional way it unlocks a refinance entirely. We pick the statement period that gives you the strongest number and shop the lenders.

Read the full bank statement refinance guide, or explore: Requirements · Rates · Guide.

The CFPB's homebuyer and refinance guide is a neutral resource for comparing your options before you commit.