VA Loan Calculator — Florida
An eligible VA borrower can buy the typical Florida home ($375,000) with no down payment. The 2.15% first-use funding fee ($8,063) is rolled into a $383,063 loan, and there is no monthly mortgage insurance — saving about $168 a month versus FHA MIP on the same home.
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
$3,395
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$537,184
Total Cost
$1,222,077
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 | $30,675 | $3,869 | $26,806 | — | $379,194 | -$4,194 |
| Year 2 | $30,675 | $4,150 | $26,525 | — | $375,044 | -$44 |
| Year 3 | $30,675 | $4,451 | $26,224 | — | $370,593 | $4,407 |
| Year 4 | $30,675 | $4,774 | $25,901 | — | $365,819 | $9,181 |
| Year 5 | $30,675 | $5,121 | $25,554 | — | $360,698 | $14,302 |
| Year 6 | $30,675 | $5,493 | $25,182 | — | $355,205 | $19,795 |
| Year 7 | $30,675 | $5,891 | $24,784 | — | $349,314 | $25,686 |
| Year 8 | $30,675 | $6,319 | $24,356 | — | $342,994 | $32,006 |
| Year 9 | $30,675 | $6,778 | $23,897 | — | $336,216 | $38,784 |
| Year 10 | $30,675 | $7,270 | $23,405 | — | $328,946 | $46,054 |
| Year 11 | $30,675 | $7,798 | $22,877 | — | $321,148 | $53,852 |
| Year 12 | $30,675 | $8,364 | $22,311 | — | $312,784 | $62,216 |
| Year 13 | $30,675 | $8,972 | $21,703 | — | $303,812 | $71,188 |
| Year 14 | $30,675 | $9,623 | $21,052 | — | $294,189 | $80,811 |
| Year 15 | $30,675 | $10,322 | $20,353 | — | $283,867 | $91,133 |
| Year 16 | $30,675 | $11,071 | $19,604 | — | $272,795 | $102,205 |
| Year 17 | $30,675 | $11,875 | $18,800 | — | $260,920 | $114,080 |
| Year 18 | $30,675 | $12,738 | $17,937 | — | $248,183 | $126,817 |
| Year 19 | $30,675 | $13,662 | $17,013 | — | $234,520 | $140,480 |
| Year 20 | $30,675 | $14,654 | $16,021 | — | $219,866 | $155,134 |
| Year 21 | $30,675 | $15,718 | $14,957 | — | $204,147 | $170,853 |
| Year 22 | $30,675 | $16,860 | $13,815 | — | $187,287 | $187,713 |
| Year 23 | $30,675 | $18,084 | $12,591 | — | $169,203 | $205,797 |
| Year 24 | $30,675 | $19,397 | $11,278 | — | $149,806 | $225,194 |
| Year 25 | $30,675 | $20,805 | $9,870 | — | $129,001 | $245,999 |
| Year 26 | $30,675 | $22,316 | $8,359 | — | $106,685 | $268,315 |
| Year 27 | $30,675 | $23,937 | $6,738 | — | $82,748 | $292,252 |
| Year 28 | $30,675 | $25,675 | $5,000 | — | $57,073 | $317,927 |
| Year 29 | $30,675 | $27,539 | $3,136 | — | $29,535 | $345,465 |
| Year 30 | $30,671 | $29,535 | $1,137 | — | $0 | $375,000 |
VA Loan numbers for Florida
- Typical Florida home value
- $375,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $383,063
- Includes $8,063 financed funding fee
- Estimated monthly payment
- $3,395
- APR 7.242%
- Florida property tax
- 0.78%
- $244/mo
- Homeowners insurance
- $7,136/yr
- $595/mo
- VA funding fee (first use)
- 2.15% · $8,063
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $168/mo
- Same $375,000 home, FHA at 3.5% down
How much house can you afford in Florida with a va loan?
Highest price where principal, interest, Florida property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $76,000 | $0 | 20% |
| $75,000 | $1,750 | $154,000 | $0 | 41% |
| $100,000 | $2,333 | $232,000 | $0 | 62% |
| $125,000 | $2,917 | $310,000 | $0 | 83% |
| $150,000 | $3,500 | $389,000 | $0 | 104% |
| $200,000 | $4,667 | $545,000 | $0 | 145% |
| $250,000 | $5,833 | $701,000 | $0 | 187% |
VA 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 va loan in Florida?
Estimated $3,395 per month ($2,556 principal & interest, $244 property tax, $595 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $375,000 Florida home?
$8,063 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.