Mortgage Calculator for Florida
Estimate your monthly payment in Florida using adjustable example inputs and official housing resources.
Enter Your Loan Details
Defaults are illustrative inputs, not local averages. Replace taxes, insurance and rate with property-specific estimates.
Planning a purchase in Florida
The prefilled price, tax percentage, and interest rate are illustrative inputs, not verified Florida averages or lender quotes. Replace them with the property's price, a local tax estimate, an insurance quote, and your lender's rate.
The seller's Save Our Homes benefit is not your estimate
Florida's first-time buyer guide warns that a purchase can produce a higher tax bill than the seller's. Following an ownership change, the property is reassessed at just value for January 1 of the next year, and the previous owner's exemptions are removed. Ask the property appraiser about your own eligibility and any applicable portability.
For your estimate: Use the county property appraiser's estimate for your ownership circumstances in Annual Property Tax (%), rather than carrying forward a long-term owner's bill.
Florida Revenue: first-time homebuyer property-tax guideA hurricane deductible changes your cash reserve
Florida's Department of Financial Services distinguishes a policy's hurricane deductible from its other-perils deductible. A percentage deductible is based on the insured dwelling amount, so the out-of-pocket loss exposure is not simply that percentage of a repair bill.
For your estimate: Enter the annual insurance premium in the calculator. Separately ask the agent to express the hurricane deductible in dollars and plan a reserve; the deductible is not a recurring premium.
Florida DFS: hurricane deductiblesFlorida Housing assistance can create a second mortgage
Florida Housing's Homebuyer Program uses participating lenders for first mortgages and offers eligible buyers down-payment and closing-cost assistance through second mortgage loans. Assistance has its own eligibility and repayment conditions.
For your estimate: Obtain the second mortgage disclosure before counting assistance toward cash to close. Compare its repayment obligation separately from the first-mortgage payment displayed here.
Florida Housing: Homebuyer ProgramLocal guidance reviewed . Confirm eligibility, funding and property-specific costs directly before making a decision.
Using local estimates in this tool
The tax field multiplies the home's price by a percentage. If your assessor estimates an annual tax bill, divide that bill by the entered home price and multiply by 100. Do not enter an assessment ratio or millage directly. For example, an illustrative $4,800 annual bill on a $400,000 price corresponds to 1.2%; these are not local averages.
This payment includes principal, interest, property tax and home insurance. Budget mortgage insurance, HOA dues, maintenance and closing costs separately.
Official resources and next steps
HUD housing and homeownership resources for Florida provides further counseling and housing contacts.
For FHA financing, use HUD's county and unit-count lookup. Select Florida, the property's county, the calendar year, and the number of units. The 2026 national one-unit floor of $541,287 is a baseline, not a determination of the limit for every county in Florida.
HUD directory reviewed 2026-09-25. HUD state directory. Local figures are not represented as verified statistics.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Tax Paid | Insurance Paid | Balance |
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How to Use This Mortgage Calculator in Florida
Enter the price of the property you are considering in Florida, then adjust the down payment and rate. The payment combines principal, interest, property tax, and insurance. It does not include HOA dues, maintenance, or mortgage insurance.
For example, at the illustrative price of $392,000 and 6% down, the base loan is $368,480. These are calculation examples, not a statement about prices or typical buyers in Florida.
Compare the same home under different rates and down payments. A lower monthly payment from a longer term can still mean more lifetime interest. Confirm taxes and insurance for the property before relying on the estimate.