FHA Loan Calculator — Florida
On the typical Florida home ($375,000), 3.5% down leaves a $361,875 base loan. The 1.75% upfront premium ($6,333) is financed, for a $368,208 loan, and annual MIP of 0.55% adds $168 a month for the life of the loan. Florida FHA limits run $541,287–$990,150 by county.
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
$3,464
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$516,354
Total Cost
$1,226,791
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $29,485 | $3,719 | $25,767 | $2,016 | $364,489 | $10,511 |
| Year 2 | $29,485 | $3,989 | $25,497 | $1,995 | $360,500 | $14,500 |
| Year 3 | $29,485 | $4,278 | $25,207 | $1,972 | $356,222 | $18,778 |
| Year 4 | $29,485 | $4,589 | $24,896 | $1,948 | $351,633 | $23,367 |
| Year 5 | $29,485 | $4,922 | $24,563 | $1,922 | $346,711 | $28,289 |
| Year 6 | $29,485 | $5,280 | $24,206 | $1,894 | $341,431 | $33,569 |
| Year 7 | $29,485 | $5,663 | $23,822 | $1,864 | $335,768 | $39,232 |
| Year 8 | $29,485 | $6,074 | $23,411 | $1,832 | $329,694 | $45,306 |
| Year 9 | $29,485 | $6,515 | $22,970 | $1,797 | $323,179 | $51,821 |
| Year 10 | $29,485 | $6,988 | $22,497 | $1,760 | $316,190 | $58,810 |
| Year 11 | $29,485 | $7,496 | $21,990 | $1,720 | $308,695 | $66,305 |
| Year 12 | $29,485 | $8,040 | $21,445 | $1,678 | $300,655 | $74,345 |
| Year 13 | $29,485 | $8,624 | $20,862 | $1,632 | $292,031 | $82,969 |
| Year 14 | $29,485 | $9,250 | $20,235 | $1,583 | $282,781 | $92,219 |
| Year 15 | $29,485 | $9,922 | $19,564 | $1,531 | $272,859 | $102,141 |
| Year 16 | $29,485 | $10,642 | $18,843 | $1,474 | $262,217 | $112,783 |
| Year 17 | $29,485 | $11,415 | $18,071 | $1,414 | $250,803 | $124,197 |
| Year 18 | $29,485 | $12,244 | $17,242 | $1,349 | $238,559 | $136,441 |
| Year 19 | $29,485 | $13,133 | $16,353 | $1,279 | $225,427 | $149,573 |
| Year 20 | $29,485 | $14,086 | $15,399 | $1,205 | $211,341 | $163,659 |
| Year 21 | $29,485 | $15,109 | $14,377 | $1,125 | $196,232 | $178,768 |
| Year 22 | $29,485 | $16,206 | $13,280 | $1,039 | $180,026 | $194,974 |
| Year 23 | $29,485 | $17,383 | $12,103 | $947 | $162,643 | $212,357 |
| Year 24 | $29,485 | $18,645 | $10,841 | $848 | $143,999 | $231,001 |
| Year 25 | $29,485 | $19,999 | $9,487 | $742 | $124,000 | $251,000 |
| Year 26 | $29,485 | $21,451 | $8,035 | $629 | $102,549 | $272,451 |
| Year 27 | $29,485 | $23,008 | $6,477 | $507 | $79,541 | $295,459 |
| Year 28 | $29,485 | $24,679 | $4,807 | $376 | $54,862 | $320,138 |
| Year 29 | $29,485 | $26,471 | $3,015 | $236 | $28,392 | $346,608 |
| Year 30 | $29,484 | $28,392 | $1,093 | $85 | $0 | $375,000 |
FHA Loan numbers for Florida
- Typical Florida home value
- $375,000
- 3.5% down ($13,125) · Zillow, August 31, 2026
- Loan amount
- $368,208
- Includes $6,333 financed UFMIP
- Estimated monthly payment
- $3,464
- APR 7.761%
- Florida property tax
- 0.78%
- $244/mo
- Homeowners insurance
- $7,136/yr
- $595/mo
- Upfront MIP (1.75%)
- $6,333
- Financed into the loan
- Annual MIP
- 0.55%
- $168/mo in year 1 · life of loan
- Florida FHA loan limit
- $541,287 – $990,150
- One-unit, by county
How much house can you afford in Florida with an fha loan?
Highest price where principal, interest, Florida property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $44,000 | $1,540 | 12% |
| $50,000 | $1,167 | $74,000 | $2,590 | 20% |
| $60,000 | $1,400 | $105,000 | $3,675 | 28% |
| $75,000 | $1,750 | $150,000 | $5,250 | 40% |
| $100,000 | $2,333 | $227,000 | $7,945 | 60% |
| $125,000 | $2,917 | $303,000 | $10,605 | 81% |
| $150,000 | $3,500 | $379,000 | $13,265 | 101% |
FHA 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% |
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 payment on a $375,000 home with an fha loan in Florida?
Estimated $3,464 per month ($2,457 principal & interest, $244 property tax, $595 insurance, $168 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Florida for 2026?
Between $541,287 and $990,150 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
Explore related calculators
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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.