State-specific mortgage calculator
Florida mortgage calculator
Estimate your monthly mortgage payment in Florida using real recent borrower rates plus Florida-specific property tax and insurance defaults. Every input is editable; the rate you see updates from recent borrower submissions as you change credit score, loan type, or term.
Florida’s big housing cost surprise is insurance, not taxes. State-average HO-3 premiums are roughly triple the national average due to hurricane risk, and several large carriers have pulled out of the market in recent years.
Median home price
$405,000
Florida 2024-25
20% down payment
$81,000
Loan $324,000
Property tax
0.86%
~$290.25/mo on this example
Insurance
$4,200
~$350/mo
Mortgage calculator
Your rate is pre-filled from what real borrowers with your profile actually got — not a guess.
Your scenario
Estimated monthly payment
$3,121
Principal & interest$2,541
Property tax$371
Home insurance$208
Loan amount
$400,000
LTV 80.0%
Total interest paid
$514,918
over 30 years
Total cost of loan
$914,918
excluding tax + insurance
What a better rate is worth
Principal + interest on your $400,000 loan at nearby rates.
| Rate | Monthly P+I | vs yours / mo | Over 5 years |
|---|---|---|---|
| 6.050% | $2,411 | −$130 | −$7,822 |
| 6.300% | $2,476 | −$66 | −$3,933 |
| 6.550%yours | $2,541 | — | — |
| 6.800% | $2,608 | +$66 | +$3,976 |
Year-by-year amortization schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | $4,429 | $26,069 | $395,571 |
| 2 | $4,728 | $25,770 | $390,844 |
| 3 | $5,047 | $25,451 | $385,797 |
| 4 | $5,387 | $25,110 | $380,410 |
| 5 | $5,751 | $24,746 | $374,659 |
| 6 | $6,139 | $24,358 | $368,519 |
| 7 | $6,554 | $23,944 | $361,966 |
| 8 | $6,996 | $23,501 | $354,970 |
| 9 | $7,468 | $23,029 | $347,501 |
| 10 | $7,972 | $22,525 | $339,529 |
| 11 | $8,511 | $21,987 | $331,018 |
| 12 | $9,085 | $21,412 | $321,933 |
| 13 | $9,698 | $20,799 | $312,235 |
| 14 | $10,353 | $20,144 | $301,882 |
| 15 | $11,052 | $19,445 | $290,830 |
| 16 | $11,798 | $18,699 | $279,032 |
| 17 | $12,594 | $17,903 | $266,437 |
| 18 | $13,444 | $17,053 | $252,993 |
| 19 | $14,352 | $16,145 | $238,641 |
| 20 | $15,321 | $15,176 | $223,320 |
| 21 | $16,355 | $14,142 | $206,965 |
| 22 | $17,459 | $13,038 | $189,506 |
| 23 | $18,638 | $11,860 | $170,869 |
| 24 | $19,896 | $10,602 | $150,973 |
| 25 | $21,239 | $9,259 | $129,734 |
| 26 | $22,672 | $7,825 | $107,062 |
| 27 | $24,203 | $6,295 | $82,859 |
| 28 | $25,836 | $4,661 | $57,023 |
| 29 | $27,581 | $2,917 | $29,442 |
| 30 | $29,442 | $1,055 | $0 |
Principal + interest only; excludes tax, insurance, and PMI.
More on Florida mortgage rates