Conventional Loan Calculator — Florida
In Florida, one-unit loans up to $832,750–$990,150 are conforming. With 10% down on the typical $375,000 home, the $337,500 loan carries estimated PMI of 0.72% ($203/mo), which drops off after about 9 years once the balance reaches 80% of the price.
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.
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 |
Conventional Loan numbers for Florida
- Typical Florida home value
- $375,000
- 10% down ($37,500) · Zillow, August 31, 2026
- Loan amount
- $337,500
- conforming in all 67 Florida counties
- Estimated monthly payment
- $3,293
- APR 7.488%
- Florida property tax
- 0.78%
- $244/mo
- Homeowners insurance
- $7,136/yr
- $595/mo
- Florida conforming limit
- $832,750 – $990,150
- Above this, the loan is jumbo
- PMI
- 0.72% · $203/mo
- Drops off after 9 years
How much house can you afford in Florida with a conventional loan?
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% |
Conventional vs other loan types 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% |
Frequently asked questions
What is the monthly payment on a $375,000 home with a conventional loan in Florida?
Estimated $3,293 per month ($2,252 principal & interest, $244 property tax, $595 insurance, $203 PMI) at 7.03% for 30 years, with 10% down. APR 7.488%.
How much is PMI on a Florida conventional loan?
At 90% loan-to-value, PMI is estimated at 0.72% a year ($203/mo). It can be removed once the balance reaches 80% of the home's original value.
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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
- 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
- CFPB — What is private mortgage insurance?
- Homeowners Protection Act (PMI cancellation at 78–80% LTV)
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.