Jumbo Loan Calculator — Florida
Florida's conforming limit is $832,750 in most counties and reaches $990,150 in Monroe County. This $1,200,000 example loan is $209,850 above the highest limit, so it is jumbo everywhere in the state.
Florida has the 24th-lowest effective property tax rate of the 50 states at 0.78% — $1,950 less a year than the 0.91% state average on a $1,500,000 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
$9,577
Principal & Interest + Taxes + Insurance
APR 7.030%
Total Interest
$1,682,818
Total Cost
$3,447,899
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $96,094 | $12,119 | $83,974 | — | $1,187,881 | $312,119 |
| Year 2 | $96,094 | $12,999 | $83,094 | — | $1,174,881 | $325,119 |
| Year 3 | $96,094 | $13,943 | $82,151 | — | $1,160,938 | $339,062 |
| Year 4 | $96,094 | $14,956 | $81,138 | — | $1,145,982 | $354,018 |
| Year 5 | $96,094 | $16,042 | $80,052 | — | $1,129,941 | $370,059 |
| Year 6 | $96,094 | $17,206 | $78,887 | — | $1,112,734 | $387,266 |
| Year 7 | $96,094 | $18,456 | $77,638 | — | $1,094,279 | $405,721 |
| Year 8 | $96,094 | $19,796 | $76,298 | — | $1,074,483 | $425,517 |
| Year 9 | $96,094 | $21,233 | $74,861 | — | $1,053,250 | $446,750 |
| Year 10 | $96,094 | $22,775 | $73,319 | — | $1,030,475 | $469,525 |
| Year 11 | $96,094 | $24,429 | $71,665 | — | $1,006,046 | $493,954 |
| Year 12 | $96,094 | $26,202 | $69,891 | — | $979,844 | $520,156 |
| Year 13 | $96,094 | $28,105 | $67,989 | — | $951,739 | $548,261 |
| Year 14 | $96,094 | $30,146 | $65,948 | — | $921,593 | $578,407 |
| Year 15 | $96,094 | $32,335 | $63,759 | — | $889,258 | $610,742 |
| Year 16 | $96,094 | $34,682 | $61,412 | — | $854,576 | $645,424 |
| Year 17 | $96,094 | $37,201 | $58,893 | — | $817,376 | $682,624 |
| Year 18 | $96,094 | $39,902 | $56,192 | — | $777,474 | $722,526 |
| Year 19 | $96,094 | $42,799 | $53,295 | — | $734,675 | $765,325 |
| Year 20 | $96,094 | $45,907 | $50,187 | — | $688,768 | $811,232 |
| Year 21 | $96,094 | $49,240 | $46,854 | — | $639,528 | $860,472 |
| Year 22 | $96,094 | $52,815 | $43,279 | — | $586,713 | $913,287 |
| Year 23 | $96,094 | $56,650 | $39,444 | — | $530,063 | $969,937 |
| Year 24 | $96,094 | $60,763 | $35,330 | — | $469,299 | $1,030,701 |
| Year 25 | $96,094 | $65,176 | $30,918 | — | $404,124 | $1,095,876 |
| Year 26 | $96,094 | $69,908 | $26,186 | — | $334,216 | $1,165,784 |
| Year 27 | $96,094 | $74,984 | $21,110 | — | $259,232 | $1,240,768 |
| Year 28 | $96,094 | $80,429 | $15,665 | — | $178,804 | $1,321,196 |
| Year 29 | $96,094 | $86,268 | $9,825 | — | $92,535 | $1,407,465 |
| Year 30 | $96,097 | $92,535 | $3,561 | — | $0 | $1,500,000 |
Jumbo Loan numbers for Florida
- Example jumbo home price
- $1,500,000
- 20% down ($300,000)
- Loan amount
- $1,200,000
- a jumbo loan in every Florida county
- Estimated monthly payment
- $9,577
- APR 7.030%
- Florida property tax
- 0.78%
- $975/mo
- Homeowners insurance
- $7,136/yr
- $595/mo
- Highest Florida conforming limit
- $990,150
- Loan exceeds it by $209,850
- Jumbo threshold in most counties
- $832,750
- 66 of 67 counties
How much house can you afford in Florida with a jumbo loan?
Highest price where principal, interest, Florida property tax and insurance (no PMI at 20% down) stay within 28% of gross income —20% 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 |
|---|---|---|---|---|
| $200,000 | $4,667 | $679,000 | $135,800 | 181% |
| $250,000 | $5,833 | $874,000 | $174,800 | 233% |
| $300,000 | $7,000 | $1,069,000 | $213,800 | 285% |
| $400,000 | $9,333 | $1,459,000 | $291,800 | 389% |
| $500,000 | $11,667 | $1,848,000 | $369,600 | 492% |
| $600,000 | $14,000 | $2,238,000 | $447,600 | 596% |
| $750,000 | $17,500 | $2,822,000 | $564,400 | 752% |
Jumbo vs other loan types in Florida
$1,500,000 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 |
|---|---|---|---|---|---|---|
| ConventionalAbove conforming limit ($990,150) | 10% · $150,000 | $1,350,000 | — | $810 PMI | $11,388 | 7.488% |
| FHAAbove FHA limit ($990,150) | 3.5% · $52,500 | $1,472,831 | UFMIP $25,331 | $916 MIP | $12,314 | 7.964% |
| VA | 0% · $0 | $1,532,250 | Funding fee $32,250 | $0 | $11,795 | 7.242% |
| Jumbo | 20% · $300,000 | $1,200,000 | — | $0 | $9,577 | 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 $1,500,000 home with a jumbo loan in Florida?
Estimated $9,577 per month ($8,008 principal & interest, $975 property tax, $595 insurance) at 7.03% for 30 years, with 20% down. APR 7.030%.
When is a loan jumbo in Florida?
When a one-unit loan exceeds $832,750, or the higher limit in 1 high-cost county (up to $990,150).
Explore related calculators
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 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 — Understand the different kinds of loans available
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.