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Florida mortgage calculator

Pre-filled for Florida: the median home value ($395,000) and the state's effective property tax rate of 0.75%. Change anything to match your home.

Home price
Down payment$79,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,394.21

Loan $316,000 · 20% down

  • Principal & interest$1,997.33
  • Property tax$246.88
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$403,045
Total cost
$861,921
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 3,532, Interest 20,43612: Principal 3,769, Interest 20,1993: Principal 4,021, Interest 19,9474: Principal 4,290, Interest 19,67845: Principal 4,577, Interest 19,3906: Principal 4,884, Interest 19,0847: Principal 5,211, Interest 18,7578: Principal 5,560, Interest 18,40889: Principal 5,933, Interest 18,03510: Principal 6,330, Interest 17,63811: Principal 6,754, Interest 17,21412: Principal 7,206, Interest 16,7621213: Principal 7,689, Interest 16,27914: Principal 8,204, Interest 15,76415: Principal 8,753, Interest 15,21516: Principal 9,339, Interest 14,6291617: Principal 9,965, Interest 14,00318: Principal 10,632, Interest 13,33619: Principal 11,344, Interest 12,62420: Principal 12,104, Interest 11,8642021: Principal 12,914, Interest 11,05422: Principal 13,779, Interest 10,18923: Principal 14,702, Interest 9,26624: Principal 15,687, Interest 8,2812425: Principal 16,737, Interest 7,23126: Principal 17,858, Interest 6,11027: Principal 19,054, Interest 4,91428: Principal 20,330, Interest 3,6382829: Principal 21,692, Interest 2,27630: Principal 23,150, Interest 82330
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$3,532$20,436$312,468
2$3,769$20,199$308,700
3$4,021$19,947$304,679
4$4,290$19,678$300,389
5$4,577$19,390$295,811
Monthly payment$2,394.21

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Florida at a glance

Effective property tax
0.75%
Rank (1 = highest)
26th of 51
Median home value
$396,900
Median tax bill
$2,993/yr

On the same $400,000 home, property tax in Florida adds about $250.00/month, versus $296.67/month at the national rate.

Florida mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$200,000$1,011.31$125.00$1,286.31
$300,000$1,516.96$187.50$1,854.46
$400,000$2,022.62$250.00$2,422.62
$600,000$3,033.93$375.00$3,558.93
$800,000$4,045.24$500.00$4,695.24

20% down, 6.5% 30-year fixed (example rate), 0.75% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Florida.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Florida figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Florida?+

The effective property tax rate in Florida is about 0.75% of home value a year (median taxes paid $2,993 on a median home worth $396,900). That's the 26th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Florida?+

For a $395,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,394.21 a month, including $246.88 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Florida?+

To afford the median Florida home ($395,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $120,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.