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
Florida Mortgage Calculator
Calculate your estimated mortgage payment for a home in Florida. Pre-filled with Florida's average home price of $395,000, property tax rate of 0.86%, and typical insurance costs.
$395,000
Avg. Home Price
0.86%
Property Tax Rate
$4,200
Avg. Annual Insurance
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
Florida Mortgage at a Glance
| Average home price | $395,000 |
| Property tax rate | 0.86% ($3,397/year) |
| Average insurance | $4,200/year |
| Est. monthly PITI | $2,630 (20% down, 6.5%) |
| Total interest (30yr) | $403,041 |
| Income needed (28% rule) | $112,732/year |
Florida has no state income tax but faces the highest homeowners insurance costs in the country, averaging $4,200/year due to hurricane risk.
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