Florida Mortgage Calculator
Estimate your monthly payment on a Florida home — pre-filled with the state's median price of about $410,000.
20.0% of the home price
Monthly Payment (P&I)
$2,073.18
Principal and interest only. Property taxes, homeowners insurance, PMI, and HOA dues are not included.
Buying in Florida: the numbers
The median home in Florida costs around $410,000. With a 20% down payment ($82,000) and a 30-year loan at 6.5%, principal and interest run about $2,073.18 per month. Add roughly $304 a month for property taxes at the state's effective rate, and the realistic payment lands near $2,377 — before homeowners insurance. Adjust the calculator above to your own price, down payment, and rate.
Property taxes in Florida
Florida's effective property tax rate of about 0.89% compares with a national average near 1.10%. Florida's Save Our Homes provision caps annual assessment increases on homesteaded properties at 3%, so long-time owners often pay tax on values well below market price. Budget separately for windstorm and flood insurance. For an exact monthly figure on any home value, use the Property Tax Calculator, and confirm what you can responsibly spend with the Affordability Calculator.
Mortgage calculators by state
Florida mortgage FAQs
What is the average property tax rate in Florida?
Florida's effective property tax rate is approximately 0.89%, compared with a national average of roughly 1.1%. On a median-priced FL home of about $410,000, that works out to roughly $3,649 per year.
What does a typical mortgage payment look like in Florida?
On a median-priced $410,000 home with 20% down and a 30-year loan at 6.5%, principal and interest come to about $2,073.18 per month, plus roughly $304 in monthly property taxes — before insurance and any HOA dues.
Does this calculator include Florida property taxes?
The calculator shows principal and interest. To add taxes, apply Florida's effective rate of about 0.89% to your target home value — our Property Tax Calculator does this for you and breaks it into a monthly amount.
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