Florida Mortgage Calculator
Florida has the 24th-lowest effective property tax rate of the 50 states at 0.78% — $488 less a year than the 0.91% state average on a $375,000 home. Homeowners insurance averages $7,136 a year, the highest premium nationally and $4,416 more than the typical state.
Most Florida counties use the $832,750 conforming loan limit for 2026, but 1 high-cost county — Monroe County ($990,150) — allow larger conforming loans. Above those amounts you need a jumbo loan.
On a $375,000 home, property tax and insurance add $838 a month in Florida, compared with $418 in Alabama, $440 in Georgia.
Loan Parameters
Total Monthly Payment
$3,293
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$473,292
Total Cost
$1,132,874
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $27,026 | $3,409 | $23,618 | $2,430 | $334,091 | $40,909 |
| Year 2 | $27,026 | $3,656 | $23,370 | $2,430 | $330,435 | $44,565 |
| Year 3 | $27,026 | $3,922 | $23,105 | $2,430 | $326,514 | $48,486 |
| Year 4 | $27,026 | $4,206 | $22,820 | $2,430 | $322,308 | $52,692 |
| Year 5 | $27,026 | $4,512 | $22,515 | $2,430 | $317,796 | $57,204 |
| Year 6 | $27,026 | $4,839 | $22,187 | $2,430 | $312,957 | $62,044 |
| Year 7 | $27,026 | $5,191 | $21,836 | $2,430 | $307,766 | $67,234 |
| Year 8 | $27,026 | $5,568 | $21,459 | $2,430 | $302,198 | $72,802 |
| Year 9 | $27,026 | $5,972 | $21,055 | $810 | $296,226 | $78,774 |
| Year 10 | $27,026 | $6,405 | $20,621 | — | $289,821 | $85,179 |
| Year 11 | $27,026 | $6,871 | $20,156 | — | $282,950 | $92,050 |
| Year 12 | $27,026 | $7,369 | $19,657 | — | $275,581 | $99,419 |
| Year 13 | $27,026 | $7,905 | $19,122 | — | $267,676 | $107,324 |
| Year 14 | $27,026 | $8,478 | $18,548 | — | $259,198 | $115,802 |
| Year 15 | $27,026 | $9,094 | $17,932 | — | $250,104 | $124,896 |
| Year 16 | $27,026 | $9,754 | $17,272 | — | $240,349 | $134,651 |
| Year 17 | $27,026 | $10,463 | $16,564 | — | $229,887 | $145,113 |
| Year 18 | $27,026 | $11,222 | $15,804 | — | $218,664 | $156,336 |
| Year 19 | $27,026 | $12,037 | $14,989 | — | $206,627 | $168,373 |
| Year 20 | $27,026 | $12,911 | $14,115 | — | $193,716 | $181,284 |
| Year 21 | $27,026 | $13,849 | $13,178 | — | $179,867 | $195,133 |
| Year 22 | $27,026 | $14,854 | $12,172 | — | $165,013 | $209,987 |
| Year 23 | $27,026 | $15,933 | $11,094 | — | $149,080 | $225,920 |
| Year 24 | $27,026 | $17,090 | $9,937 | — | $131,990 | $243,010 |
| Year 25 | $27,026 | $18,331 | $8,696 | — | $113,660 | $261,340 |
| Year 26 | $27,026 | $19,662 | $7,365 | — | $93,998 | $281,002 |
| Year 27 | $27,026 | $21,089 | $5,937 | — | $72,909 | $302,091 |
| Year 28 | $27,026 | $22,621 | $4,406 | — | $50,288 | $324,712 |
| Year 29 | $27,026 | $24,263 | $2,763 | — | $26,025 | $348,975 |
| Year 30 | $27,027 | $26,025 | $1,002 | — | $0 | $375,000 |
Florida mortgage data
- Typical home value
- $375,470
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.78%
- $2,925/yr on a $375,000 home
- Average homeowners insurance
- $7,136/yr
- $595/mo
- 2026 conforming loan limit
- $832,750 – $990,150
- 67 counties
- High-cost counties
- 1
- Limit above $832,750
- 2026 FHA loan limit (1-unit)
- $541,287 – $990,150
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Florida?
Highest price where principal, interest, Florida property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $79,000 | $7,900 | 21% |
| $75,000 | $1,750 | $160,000 | $16,000 | 43% |
| $100,000 | $2,333 | $241,000 | $24,100 | 64% |
| $125,000 | $2,917 | $322,000 | $32,200 | 86% |
| $150,000 | $3,500 | $403,000 | $40,300 | 107% |
| $200,000 | $4,667 | $565,000 | $56,500 | 150% |
| $250,000 | $5,833 | $728,000 | $72,800 | 194% |
Florida mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Florida property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,718 | $74,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,905 | $82,000 | Conforming |
| $200,000 mortgage | $1,335 | $2,092 | $90,000 | Conforming |
| $225,000 mortgage | $1,501 | $2,279 | $98,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,466 | $106,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,653 | $114,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,840 | $122,000 | Conforming |
| $325,000 mortgage | $2,169 | $3,028 | $130,000 | Conforming |
| $350,000 mortgage | $2,336 | $3,215 | $138,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,402 | $146,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,589 | $154,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,776 | $162,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,963 | $170,000 | Conforming |
| $475,000 mortgage | $3,170 | $4,150 | $178,000 | Conforming |
| $500,000 mortgage | $3,337 | $4,338 | $186,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,525 | $194,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,712 | $202,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,899 | $210,000 | Conforming |
| $600,000 mortgage | $4,004 | $5,086 | $218,000 | Conforming |
| $625,000 mortgage | $4,171 | $5,273 | $226,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,460 | $235,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,648 | $243,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,835 | $251,000 | Conforming |
| $725,000 mortgage | $4,838 | $6,022 | $259,000 | Conforming |
| $750,000 mortgage | $5,005 | $6,209 | $267,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,396 | $275,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,583 | $283,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,770 | $291,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,958 | $299,000 | Jumbo in most counties |
| $875,000 mortgage | $5,839 | $7,145 | $307,000 | Jumbo in most counties |
| $900,000 mortgage | $6,006 | $7,332 | $315,000 | Jumbo in most counties |
| $925,000 mortgage | $6,173 | $7,519 | $323,000 | Jumbo in most counties |
| $950,000 mortgage | $6,340 | $7,706 | $331,000 | Jumbo in most counties |
| $975,000 mortgage | $6,506 | $7,893 | $339,000 | Jumbo in most counties |
| $1,000,000 mortgage | $6,673 | $8,080 | $347,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,829 | $379,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,577 | $411,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $10,326 | $443,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $11,075 | $475,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,823 | $507,000 | Jumbo |
Loan programs compared in Florida
$375,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $37,500 | $337,500 | — | $203 PMI | $3,293 | 7.488% |
| FHA | 3.5% · $13,125 | $368,208 | UFMIP $6,333 | $168 MIP | $3,464 | 7.761% |
| VA | 0% · $0 | $383,063 | Funding fee $8,063 | $0 | $3,395 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $75,000 | $300,000 | — | $0 | $2,840 | 7.030% |
Florida high-cost counties (2026)
1 county has a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Monroe County$990,150
Frequently asked questions
What is the monthly mortgage payment on a $375,000 home in Florida?
$375,000 is the typical Florida home value. With 10% down on a conventional loan, the estimated payment is $3,293 per month ($2,252 principal & interest, $244 property tax, $595 insurance, $203 PMI) at 7.03% for 30 years, including Florida's 0.78% effective property tax rate.
What is the 2026 conforming loan limit in Florida?
$832,750 in most counties and up to $990,150 in 1 high-cost county, including Monroe County.
How much income do I need for a $375,000 home in Florida?
About $142,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Florida on a $100,000 salary?
About $241,000 with 10% down, keeping the payment (including Florida property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Florida home ($375,470) needs roughly $142,000 a year.
Explore related calculators
Florida calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.