Florida Mortgage Calculator
Estimate your monthly mortgage payment in Florida — enter the home price, down payment, rate and term to see principal, interest, Florida property tax and insurance, plus total interest.
Estimate for general information only — not financial or lending advice. Your actual mortgage payment depends on your lender, credit, exact property-tax and insurance figures, PMI terms, and loan type; this tool uses approximate property-tax rates and simplified PMI. Confirm figures with your lender before relying on them.
Mortgage payments in Florida
Florida has an average effective property-tax rate of about 0.86% of a home’s value per year — that is roughly $287 a month on a $400,000 home, collected with your mortgage on top of principal and interest.
A $400,000 home in Florida with 20% down at a 6.5% rate over 30 years works out to about $2,459 a month: $2,023 principal and interest, plus about $287 property tax and $150 insurance. Total interest over the loan is roughly $408,142. Enter your own numbers above to update it.
The calculator uses Florida’s typical property-tax rate as a starting point; your exact rate depends on your county and city. It also estimates home insurance and PMI (when the down payment is under 20%), but does not include closing costs or lender fees — confirm the final figures with your lender.
Mortgage calculator by state
Pick your state to estimate a payment with a typical local property-tax rate:
Frequently asked questions
What is the property tax rate in Florida?
Florida’s average effective property-tax rate is about 0.86% of a home’s value per year, though the exact rate depends on your county and city. On a $400,000 home that is roughly $3,440 a year, or $287 a month added to your mortgage.
How much is a mortgage payment in Florida?
It depends on the home price, down payment, rate and term. As an example, a $400,000 home in Florida with 20% down at 6.5% over 30 years is about $2,459 a month including property tax and insurance. Use the calculator above for your own numbers.
How does the loan term affect my payment?
A shorter term (like 15 years) has higher monthly payments but much less total interest, because you pay the loan off faster. A 30-year term lowers the monthly payment but costs more interest overall. The calculator shows both the monthly payment and the total interest so you can compare.
Why do property taxes change my payment so much?
Property tax is charged as a percentage of your home’s value each year and is usually collected monthly with your mortgage. Rates vary widely by state and county — from under 0.3% to over 2% — so the same home can cost hundreds more per month in a high-tax state. Pick your state on the by-state pages to use a typical local rate.