Florida Mortgage Calculator
Estimate your monthly mortgage payment in Florida. On the state's median home value of $390,000, with a 20% down payment at today's rates, expect a total monthly payment (principal, interest, taxes, and insurance) around $2,568. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,972
- Property Tax$296
- Home Insurance$300
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $23,665 | $3,487 | $20,177 | $308,513 |
| 2 | $23,665 | $3,721 | $19,944 | $304,792 |
| 3 | $23,665 | $3,970 | $19,695 | $300,822 |
| 4 | $23,665 | $4,236 | $19,429 | $296,586 |
| 5 | $23,665 | $4,520 | $19,145 | $292,066 |
| 6 | $23,665 | $4,822 | $18,842 | $287,244 |
| 7 | $23,665 | $5,145 | $18,519 | $282,099 |
| 8 | $23,665 | $5,490 | $18,175 | $276,609 |
| 9 | $23,665 | $5,858 | $17,807 | $270,751 |
| 10 | $23,665 | $6,250 | $17,415 | $264,502 |
| 11 | $23,665 | $6,668 | $16,996 | $257,833 |
| 12 | $23,665 | $7,115 | $16,550 | $250,718 |
| 13 | $23,665 | $7,591 | $16,073 | $243,127 |
| 14 | $23,665 | $8,100 | $15,565 | $235,027 |
| 15 | $23,665 | $8,642 | $15,022 | $226,385 |
| 16 | $23,665 | $9,221 | $14,443 | $217,163 |
| 17 | $23,665 | $9,839 | $13,826 | $207,325 |
| 18 | $23,665 | $10,498 | $13,167 | $196,827 |
| 19 | $23,665 | $11,201 | $12,464 | $185,626 |
| 20 | $23,665 | $11,951 | $11,714 | $173,676 |
| 21 | $23,665 | $12,751 | $10,913 | $160,925 |
| 22 | $23,665 | $13,605 | $10,060 | $147,319 |
| 23 | $23,665 | $14,516 | $9,148 | $132,803 |
| 24 | $23,665 | $15,488 | $8,176 | $117,315 |
| 25 | $23,665 | $16,526 | $7,139 | $100,789 |
| 26 | $23,665 | $17,632 | $6,032 | $83,156 |
| 27 | $23,665 | $18,813 | $4,851 | $64,343 |
| 28 | $23,665 | $20,073 | $3,591 | $44,270 |
| 29 | $23,665 | $21,418 | $2,247 | $22,852 |
| 30 | $23,665 | $22,852 | $813 | $0 |
Swipe the table sideways to see all columns →
How to use it
A two-minute guide.
The Home Price field is pre-filled with Florida's median home value (about $390,000). Override with your target home's actual price for a property-specific estimate.
The Property Tax Rate is pre-filled with Florida's average effective rate of 0.91%. Within Florida, rates vary by county — if you know your specific local rate from your county assessor or last tax bill, override it for a more precise estimate.
The Home Insurance default reflects Florida's typical annual premium of approximately $3,600.
Adjust the Down Payment slider to compare scenarios. Below 20% down triggers PMI; the calculator adds it automatically and flags it.
How it works
The math behind the result.
The Florida median home, in dollar terms. At $390,000 with a 20% down payment, you bring $78,000 to closing (plus closing costs) and take out a $312,000 mortgage. At today's 6.50% 30-year fixed rate, your monthly principal and interest is roughly $1,972.
Florida's ongoing housing costs. The state's average property tax rate of 0.91% produces about $3,549 per year on a median-priced home — typically paid through escrow with your mortgage. Insurance averages $3,600/year in Florida.
Total monthly payment (PITI) on the median Florida home works out to about $2,568/month at current rates with 20% down and no HOA. Putting less down adds PMI; HOA dues add separately if your specific neighborhood requires them.
Your specific city matters. Median home prices vary widely within Florida — major cities are usually 30-100% above the state median, rural areas can be well below. For city-specific calculators with local home prices pre-filled, use the city links below.
Questions
Frequently asked.
Want a more local estimate? See our city-specific Florida mortgage calculators or check Florida property tax rates.
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