Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Tampa vs St. Petersburg: Mortgage Cost Comparison
Thinking about buying in Tampa or St. Petersburg? Here's a side-by-side comparison of mortgage costs in both cities.
$2,591
Tampa PITI
$2,456
St. Petersburg PITI
$135/mo
Difference
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
Tampa vs St. Petersburg: Full Mortgage Comparison
Buying a home in St. Petersburg is $135/month cheaper based on average home prices and local costs.
| Tampa, FL | St. Petersburg, FL | |
|---|---|---|
| Avg. Home Price | $380,000 | $360,000 |
| Down Payment (20%) | $76,000 | $72,000 |
| Loan Amount | $304,000 | $288,000 |
| Property Tax Rate | 0.85% | 0.84% |
| Annual Property Tax | $3,230 | $3,024 |
| Annual Insurance | $4,800 | $4,600 |
| Monthly P&I | $1,921 | $1,820 |
| Monthly PITI | $2,591 | $2,456 |
| Total Interest (30yr) | $387,735 | $367,328 |
What Drives the Difference?
Home prices are the biggest factor — Tampa’s average home costs $20,000 more than St. Petersburg’s.
Property taxes also favor St. Petersburg — Tampa’s 0.85% rate is higher than St. Petersburg’s 0.84%.
Insurance is $200/year more in Tampa.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Tampa | St. Petersburg | |
|---|---|---|
| Monthly PITI | $2,591 | $2,456 |
| Income needed | $111,028 | $105,244 |
Try Your Own Numbers
The calculator above is pre-filled with Tampa’s averages. Adjust the values to match your situation, or try the St. Petersburg calculator for St. Petersburg-specific numbers.