Tampa, FL Mortgage Calculator
Calculate your estimated mortgage payment for a home in Tampa, FL. Pre-filled with Tampa's average home price of $380,000, local property tax rate of 0.85%, and typical insurance costs.
$380,000
Avg. Home Price
0.85%
Property Tax Rate
$4,800
Avg. Annual Insurance
-
? 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)
Tampa, FL Mortgage Overview
The average home in Tampa costs around $380,000. With a 20% down payment of $76,000, you would need a loan of $304,000.
Tampa homeowners pay a property tax rate of approximately 0.85%, which translates to about $3,230 per year on the average home. Annual homeowners insurance in Tampa averages around $4,800.
What Affects Your Tampa Mortgage Payment?
Your monthly PITI payment in Tampa includes four components:
- Principal — the portion that reduces your loan balance
- Interest — the cost of borrowing, based on your rate and remaining balance
- Taxes — Tampa’s property taxes average 0.85%, lower than the Florida state average of 0.86%
- Insurance — homeowners insurance in Tampa averages $4,800/year
Tips for Tampa Home Buyers
- Compare rates from multiple Tampa 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 Tampa first-time buyer programs — many Florida cities offer down payment assistance or reduced rates for first-time buyers
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