Mortgage Refinance Rates in Florida (2026)
With Florida's median value near $410,000, a homeowner refinancing a typical $279,000 balance from about 7.50% to 6.25% saves roughly $233/month — breaking even on ~$6,975 of costs near month 30.
Most Florida owners have built real equity. A cash-out refinance can tap up to 80% of value, and a rate-and-term refinance simply lowers the payment. 1 Florida county is high-cost, raising the conforming ceiling there.
Refinance snapshot by Florida county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Miami-Dade County | $590,000 | $806,500 | Baseline |
| Broward County | $545,000 | $806,500 | Baseline |
| Palm Beach County | $520,000 | $806,500 | Baseline |
| Hillsborough County | $400,000 | $806,500 | Baseline |
| Orange County | $420,000 | $806,500 | Baseline |
| Duval County | $330,000 | $806,500 | Baseline |
| Pinellas County | $400,000 | $806,500 | Baseline |
| Lee County | $430,000 | $806,500 | Baseline |
| Polk County | $330,000 | $806,500 | Baseline |
| Brevard County | $390,000 | $806,500 | Baseline |
| Pasco County | $400,000 | $806,500 | Baseline |
| Volusia County | $360,000 | $806,500 | Baseline |
| Seminole County | $420,000 | $806,500 | Baseline |
| Sarasota County | $500,000 | $806,500 | Baseline |
| Manatee County | $470,000 | $806,500 | Baseline |
| Osceola County | $390,000 | $806,500 | Baseline |
| Collier County | $640,000 | $806,500 | Baseline |
| Marion County | $300,000 | $806,500 | Baseline |
| Lake County | $410,000 | $806,500 | Baseline |
| St. Lucie County | $410,000 | $806,500 | Baseline |
| Escambia County | $410,000 | $806,500 | Baseline |
| Leon County | $410,000 | $806,500 | Baseline |
| Alachua County | $410,000 | $806,500 | Baseline |
| St. Johns County | $410,000 | $806,500 | Baseline |
| Clay County | $410,000 | $806,500 | Baseline |
| Okaloosa County | $410,000 | $806,500 | Baseline |
| Hernando County | $410,000 | $806,500 | Baseline |
| Bay County | $410,000 | $806,500 | Baseline |
| Charlotte County | $410,000 | $806,500 | Baseline |
| Santa Rosa County | $410,000 | $806,500 | Baseline |
| Monroe County | $840,000 | $967,150 | High-cost |
Should you refinance in Florida?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
Never Miss a Rate Worth Refinancing For
We watch the market so you can move at the right moment — free, no pressure.
Frequently Asked Questions
- How much can refinancing save in Florida?
- On a $279,000 balance near the Florida median, dropping from ~7.50% to 6.25% saves about $233/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Florida for 2026?
- Most Florida counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.