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Florida Mortgage Calculator

Your monthly mortgage payment in Florida, with Florida's effective property tax rate (0.76%) built in, at this week's average rate. The calculator starts at the state's median home value, $359,000.

A $359,000 home with 20% down ($287,200 borrowed) at 7.28% over 30 years costs about $2,359 a month: $1,965 principal and interest plus $394 of tax, insurance and dues.

Monthly payment
$2,359.09
Principal and interest
$1,965.06
Tax, insurance, PMI and HOA
$394.03
Total interest over the loan
$420,221
Loan balance and interest paid over 30 years at 7.28%$0$100k$200k$300k$400k$500k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $287,200 at 7.28%
YearInterestPrincipalBalance
1$20,817.16$2,763.53$284,436.47
2$20,609.12$2,971.57$281,464.90
3$20,385.43$3,195.27$278,269.63
4$20,144.89$3,435.80$274,833.83
5$19,886.25$3,694.45$271,139.38
6$19,608.13$3,972.56$267,166.82
7$19,309.08$4,271.61$262,895.22
8$18,987.52$4,593.17$258,302.04
9$18,641.75$4,938.94$253,363.10
10$18,269.95$5,310.74$248,052.37
11$17,870.17$5,710.52$242,341.84
12$17,440.29$6,140.41$236,201.44
13$16,978.04$6,602.65$229,598.79
14$16,481.00$7,099.69$222,499.10
15$15,946.55$7,634.15$214,864.95
16$15,371.86$8,208.84$206,656.12
17$14,753.90$8,826.79$197,829.33
18$14,089.43$9,491.26$188,338.07
19$13,374.94$10,205.75$178,132.32
20$12,606.66$10,974.03$167,158.29
21$11,780.55$11,800.14$155,358.15
22$10,892.25$12,688.44$142,669.71
23$9,937.08$13,643.61$129,026.09
24$8,910.00$14,670.69$114,355.40
25$7,805.61$15,775.08$98,580.32
26$6,618.08$16,962.61$81,617.71
27$5,341.15$18,239.54$63,378.17
28$3,968.10$19,612.59$43,765.57
29$2,491.68$21,089.01$22,676.56
30$904.13$22,676.56$0.00

This week's mortgage rates →

Monthly payment in Florida by home price (20% down, 7%, 30 years, 0.76% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$180,000$958$114$1,239
$270,000$1,437$171$1,775
$360,000$1,916$228$2,311
$540,000$2,874$342$3,383
$720,000$3,832$456$4,455

How this calculator works

As the mortgage calculator, with Florida's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,730 ÷ median value $359,000.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Florida?

On $359,000 with 20% down at 7% over 30 years: about $1,911 principal and interest and $227 of property tax, $2,305 a month with $2,000 a year of insurance.

What is the median home value in Florida?

$359,000 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Florida?

The effective rate is 0.76%, a median $2,730 a year. See Florida's property tax page for every county we cover.

How much income do I need for a median Florida home?

Under the 28% guideline, about $98,776 a year for the payment above; Florida's median household income is $74,568.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Florida Property Tax CalculatorFlorida homeowners pay a median $2,730 a year in property tax, 0.76% of a median $359,000 home: the 28th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.