Florida Mortgage Calculator
Florida property taxes are moderate, but homeowners-insurance premiums are among the highest in the nation due to hurricane risk.
Florida's effective property-tax rate (~0.91%) is close to the national average, but average homeowners-insurance premiums run nearly 2.5× the national mean — about $4,500/yr — driven by hurricane and sinkhole exposure. Many buyers also carry separate flood insurance (often required by the lender). Citizens Property Insurance Corp. acts as the insurer of last resort when private insurers withdraw.
Mortgage Calculator
How Mortgage Calculations Work
Loan Amount
We calculate the principal by subtracting your down payment from the home price.
Monthly Payment
Using the loan amount, interest rate, and term, we calculate your fixed monthly payment.
Amortization
Each payment is split between principal and interest, with early payments going more toward interest.
What factors affect your mortgage payment?
- Home Price: The total purchase price of your property
- Down Payment: Large down payments reduce your loan amount and monthly payment
- Interest Rate: Higher rates mean higher monthly payments and more total interest
- Loan Term: Longer terms have lower monthly payments but more total interest
Florida Mortgage: Median-Priced Home Example
| Item | Value | Notes |
|---|---|---|
| Median home value | $410,000 | Zillow ZHVI Q2 2026 |
| Loan (80% LTV) | $328,000 | 20% down avoids PMI |
| P&I (6.5% / 30yr) | $2,073/mo | 2026 baseline conforming rate |
| Property tax | $311/mo | 0.91% effective rate |
| Homeowners insurance | $375/mo | $4,500/yr (Hurricane and sinkhole risk make windstorm and flood insurance expensive; Citizens Property Insurance Corp. is the insurer of last resort.) |
| Total PITI | $2,759/mo | All-in monthly housing cost |
| Conforming loan limit | $832,750 | FHFA 2026 baseline |
Numbers are illustrative. Your rate, taxes, and insurance vary by county, credit score, and exact property. Use the calculator above to model your scenario.
Florida Sources & References
- Florida Department of Revenue / Tax Foundation: effective residential property-tax rate of 0.91%. taxfoundation.org
- Insurance Information Institute (III): average annual homeowners-insurance premium of $4,500 in Florida. iii.org
- Zillow ZHVI Q2 2026: Florida median home value $410,000.
- Federal Housing Finance Agency (FHFA): 2026 conforming loan limit of $832,750 for Florida. fhfa.gov
- FEMA National Risk Index: hurricane and sinkhole risk make windstorm and flood insurance expensive; citizens property insurance corp. is the insurer of last resort. hazards.fema.gov
Frequently asked questions about Florida state mortgage
What is the current property tax rate in Florida?
Florida has an effective residential property tax rate of 0.91%. Property taxes in Florida are assessed at the county level and fund local services including schools, infrastructure, and emergency services.
What is the median home value in Florida?
The median home value in Florida is $410,000 as of Q2 2026 (Zillow ZHVI). This is the baseline used in the calculator above.
What is the conforming loan limit in Florida?
The 2026 baseline conforming loan limit in Florida is $832,750 per the Federal Housing Finance Agency (FHFA). High-cost counties may have higher limits (up to $1,249,125).
How much is homeowners insurance in Florida?
Average annual homeowners insurance in Florida is $4,500 (Insurance Information Institute). Factors include hurricane and sinkhole risk make windstorm and flood insurance expensive; citizens property insurance corp. is the insurer of last resort., crime rates, and replacement cost.
What credit score do I need for a mortgage in Florida?
Most Florida lenders require a minimum FICO of 620 for conventional loans, 580 for FHA loans, and 740+ for the best rates. The calculator above assumes a 6.5% rate for a qualified borrower.
Related mortgage searches for Florida
These are common Florida-specific mortgage questions answered by the calculator above. Use it to model your scenario.
Editorial standards
Every CalcCentral calculator is authored by a credentialed subject-matter expert and independently reviewed before publication. Our editorial policy follows the same E-E-A-T guidelines used by Google to evaluate YMYL (your-money-or-your-life) pages.
Author
Maya Chen, CFA
Chartered Financial Analyst
Independently reviewed
Dr. Aaron Pak, PhD
Doctor of Kinesiology & Public Health
Last reviewed: August 12, 2026 · Next scheduled review: quarterly
Verified accuracy
Cross-checked against authoritative formulas (IRS, NIST, ACSM) and updated for 2025/2026 tax years and rates.
Instant results
No server roundtrip. All math runs in your browser so results appear the moment you finish typing.
Your data stays private
We never collect, store, or transmit your inputs. Every calculation runs locally in your browser.
Learn as you calculate
Each calculator includes the formula, plain-English explanation, and FAQs so you understand the result.
Estimates only. Calculator results are for educational and planning purposes — not professional advice. For binding decisions on taxes, investments, health, or legal matters, consult a qualified professional.
Mortgage calculators for other states
Every state has unique property-tax rates, insurance costs, and conforming loan limits. See how your state compares: