Florida mortgage calculator.
Estimate your monthly payment including principal, interest, Florida property taxes, and homeowners insurance. Get a personalized rate in 24 hours.
Sample payments at today’s rates.
Florida’s average effective property tax rate is ~1.1% of assessed value. Homeowners insurance averages $1,400–$3,000/year depending on location and coverage. The examples below use 30-year fixed rates.
| Home Price | Down | Rate | P&I | Taxes/mo | Total/mo |
|---|---|---|---|---|---|
| $350,000 | 10% | 7.25% | $2,148 | $450 | $2,718 |
| $500,000 | 20% | 7.25% | $2,726 | $600 | $3,486 |
| $750,000 | 20% | 7.50% | $4,196 | $850 | $5,266 |
Estimates only. Actual payments vary by loan terms, credit score, and insurance costs.
Principal & Interest
The base loan repayment. On a $400K loan at 7.25% for 30 years, P&I is approximately $2,728/month.
Property Taxes
Florida averages ~1.1% of assessed value annually. Palm Beach County averages ~1.0%; Miami-Dade ~1.02%; Broward ~1.07%.
Homeowners Insurance
Florida has some of the highest insurance rates in the US — budget $150–$300/month depending on home age and location.
PMI (if < 20% down)
Private mortgage insurance runs 0.5–1.5% of the loan annually on conventional loans. FHA MIP is 0.55% for most borrowers.
HOA Fees
Many South Florida communities have HOA fees of $300–$1,500/month. This is separate from your mortgage payment.
Equal Housing Lender. Not a commitment to lend. All loans subject to credit approval. NMLS# 1859012. Licensed in Florida.
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