Florida Mortgage Calculator
Estimate your monthly mortgage payment in Florida with local property tax rates pre-filled. Florida homeowners insurance is significantly higher than the national average due to hurricane risk — especially in coastal areas.
Avg property tax rate
0.86%
annual
Median home price
$415K
Miami area
Avg home insurance
$280/mo
estimate
Estimated monthly payment
$2,799
Loan amount: $343,661 · 30-year FHA
Payment breakdown
Amortization schedule
Loan amount
$343,661
Total interest
$462,887
Total paid
$806,548
Payoff
30y 0m
| Year | Principal | Interest | Balance |
|---|---|---|---|
| Year 1 | $3,628 | $23,257 | $340,033 |
| Year 2 | $3,882 | $23,003 | $336,151 |
| Year 3 | $4,155 | $22,730 | $331,996 |
| Year 4 | $4,446 | $22,439 | $327,550 |
| Year 5 | $4,758 | $22,127 | $322,792 |
| Year 6 | $5,092 | $21,793 | $317,700 |
| Year 7 | $5,449 | $21,436 | $312,251 |
| Year 8 | $5,831 | $21,054 | $306,420 |
| Year 9 | $6,240 | $20,644 | $300,179 |
| Year 10 | $6,678 | $20,207 | $293,501 |
| Year 11 | $7,147 | $19,738 | $286,354 |
| Year 12 | $7,648 | $19,237 | $278,706 |
| Year 13 | $8,185 | $18,700 | $270,521 |
| Year 14 | $8,759 | $18,126 | $261,762 |
| Year 15 | $9,374 | $17,511 | $252,388 |
| Year 16 | $10,031 | $16,854 | $242,357 |
| Year 17 | $10,735 | $16,150 | $231,622 |
| Year 18 | $11,488 | $15,397 | $220,134 |
| Year 19 | $12,294 | $14,591 | $207,839 |
| Year 20 | $13,157 | $13,728 | $194,682 |
| Year 21 | $14,080 | $12,805 | $180,602 |
| Year 22 | $15,068 | $11,817 | $165,534 |
| Year 23 | $16,125 | $10,760 | $149,409 |
| Year 24 | $17,256 | $9,629 | $132,153 |
| Year 25 | $18,467 | $8,418 | $113,686 |
| Year 26 | $19,763 | $7,122 | $93,923 |
| Year 27 | $21,149 | $5,736 | $72,774 |
| Year 28 | $22,633 | $4,252 | $50,141 |
| Year 29 | $24,221 | $2,664 | $25,920 |
| Year 30 | $25,920 | $965 | $0 |
Disclaimer: The results provided by this calculator are estimates for informational purposes only and do not constitute financial, legal, or tax advice. Actual loan terms, interest rates, monthly payments, and total costs will vary based on your credit profile, lender, and other factors. Property tax rates shown are state averages and may differ from your local rate. FHA mortgage insurance premiums (MIP) are based on current HUD guidelines and are subject to change. Always consult a licensed mortgage professional or financial advisor before making any borrowing decisions. HitCalc is not a lender and does not offer mortgage products.
Florida mortgage FAQs
What is the property tax rate in Florida?
The average effective property tax rate in Florida is 0.86%. On a $415,000 home — the Florida median — that works out to approximately $297/month added to your mortgage payment. Rates vary by county, so check your specific county assessor for a precise figure.
What is the median home price in Florida?
The median home price in Florida is approximately $415,000. Prices vary significantly by city and neighborhood — Miami and Orlando tend to be the most active markets. Use the calculator above to estimate payments at different price points.
How much is homeowners insurance in Florida?
The average homeowners insurance premium in Florida is approximately $280/month ($3,360/year). Our calculator uses this as a default estimate. Actual premiums depend on your home's age, construction, location, and coverage level — always get multiple quotes before closing.
Can I get an FHA loan in Florida?
Yes — FHA loans are available in all 50 states including Florida. The 2025 FHA loan limit for most Florida counties is $524,225 for a single-family home, with higher limits in high-cost areas. FHA loans require a minimum 3.5% down payment with a 580+ credit score.
What are the major cities to buy a home in Florida?
The most active housing markets in Florida include Miami, Orlando, Tampa. Each market has different price points and property tax rates — use our calculator to compare monthly payments at your target price.