As Patricia says it is the balance that is on the mortgage 1098's that is causing the issue.
When you received the 1098's for your refinanced mortgage the 'balance remaining' box should really be zero. But most mortgage companies enter the balance that was remaining right before they transferred the mortgage. So the amounts on each 1098 are added up and together they equal more than $750,000. That's why it works when you put the deduction all on one 1098.
Find the 1098s for the first two mortgage companies that sold the mortgage and change the balance remaining to zero. Whoever had your mortgage at the end of the year is the only one that needs to have an amount in that box. That will fix your problem.
@radamsberry
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