St. Petersburg, FL Mortgage Calculator
Calculate your estimated mortgage payment for a home in St. Petersburg, FL. Pre-filled with St. Petersburg's average home price of $360,000, local property tax rate of 0.84%, and typical insurance costs.
$360,000
Avg. Home Price
0.84%
Property Tax Rate
$4,600
Avg. Annual Insurance
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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? The date of the last payment
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? The date of the last bi-weekly payment
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? Total interest paid
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? Total interest paid if bi-weekly payments made
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? Monthly property tax paid (included in above PITI payment)
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? Monthly Home Insurance paid (included in above PITI payment)
St. Petersburg, FL Mortgage Overview
The average home in St. Petersburg costs around $360,000. With a 20% down payment of $72,000, you would need a loan of $288,000.
St. Petersburg homeowners pay a property tax rate of approximately 0.84%, which translates to about $3,024 per year on the average home. Annual homeowners insurance in St. Petersburg averages around $4,600.
What Affects Your St. Petersburg Mortgage Payment?
Your monthly PITI payment in St. Petersburg includes four components:
- Principal — the portion that reduces your loan balance
- Interest — the cost of borrowing, based on your rate and remaining balance
- Taxes — St. Petersburg’s property taxes average 0.84%, lower than the Florida state average of 0.86%
- Insurance — homeowners insurance in St. Petersburg averages $4,600/year
Tips for St. Petersburg Home Buyers
- Compare rates from multiple St. Petersburg lenders — even a 0.25% rate difference can save tens of thousands over the life of your loan
- Check your credit score before applying — a higher score means better rates
- Consider bi-weekly payments — paying every two weeks instead of monthly can shave years off your mortgage
- Factor in PMI — if your down payment is less than 20%, you’ll pay Private Mortgage Insurance until you reach 80% loan-to-value
- Look at St. Petersburg first-time buyer programs — many Florida cities offer down payment assistance or reduced rates for first-time buyers
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