Tampa Mortgage Calculator
Estimate your monthly mortgage payment in Tampa, FL. On the local median home value of $385,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,539. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,947
- Property Tax$292
- Home Insurance$300
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $23,361 | $3,443 | $19,919 | $304,557 |
| 2 | $23,361 | $3,673 | $19,688 | $300,884 |
| 3 | $23,361 | $3,919 | $19,442 | $296,965 |
| 4 | $23,361 | $4,182 | $19,180 | $292,783 |
| 5 | $23,361 | $4,462 | $18,900 | $288,322 |
| 6 | $23,361 | $4,760 | $18,601 | $283,561 |
| 7 | $23,361 | $5,079 | $18,282 | $278,482 |
| 8 | $23,361 | $5,419 | $17,942 | $273,063 |
| 9 | $23,361 | $5,782 | $17,579 | $267,280 |
| 10 | $23,361 | $6,170 | $17,192 | $261,110 |
| 11 | $23,361 | $6,583 | $16,778 | $254,528 |
| 12 | $23,361 | $7,024 | $16,337 | $247,504 |
| 13 | $23,361 | $7,494 | $15,867 | $240,010 |
| 14 | $23,361 | $7,996 | $15,365 | $232,014 |
| 15 | $23,361 | $8,532 | $14,830 | $223,482 |
| 16 | $23,361 | $9,103 | $14,258 | $214,379 |
| 17 | $23,361 | $9,713 | $13,649 | $204,667 |
| 18 | $23,361 | $10,363 | $12,998 | $194,304 |
| 19 | $23,361 | $11,057 | $12,304 | $183,247 |
| 20 | $23,361 | $11,798 | $11,564 | $171,449 |
| 21 | $23,361 | $12,588 | $10,774 | $158,861 |
| 22 | $23,361 | $13,431 | $9,931 | $145,431 |
| 23 | $23,361 | $14,330 | $9,031 | $131,101 |
| 24 | $23,361 | $15,290 | $8,071 | $115,811 |
| 25 | $23,361 | $16,314 | $7,047 | $99,497 |
| 26 | $23,361 | $17,406 | $5,955 | $82,090 |
| 27 | $23,361 | $18,572 | $4,789 | $63,518 |
| 28 | $23,361 | $19,816 | $3,545 | $43,702 |
| 29 | $23,361 | $21,143 | $2,218 | $22,559 |
| 30 | $23,361 | $22,559 | $802 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Tampa (about $385,000). Override with your target home's actual price to get a payment estimate for that specific property.
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, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Tampa. At $385,000 with a 20% down payment, you'd bring $77,000 to closing (plus closing costs) and take out a $308,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,947.
Annual costs on top of the loan. Florida's average property tax rate is 0.91%, so a median-priced Tampa home generates approximately $3,504 in annual property tax (about $292/mo when paid through escrow). Homeowner's insurance in Florida averages around $3,600/year.
Total monthly payment (PITI) on the median Tampa home works out to about $2,539 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Florida-specific property taxes, see the Florida Property Tax Calculator.