Calculate your monthly mortgage payment in Florida. Pre-filled with Florida's median home price of $400,000 and an average property tax rate of 0.89%.
Est. Monthly Payment
$2,811
Principal & Interest
$2,347
Property Tax / mo
$297
Total Interest Paid
$484,895
| Home Price | $400,000 | Median home price in Florida (2025) |
| Down Payment | 10% ($40,000) | Typical down payment percentage |
| Loan Amount | $360,000 | Home price minus down payment |
| Interest Rate | 6.8% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.89% / year | Florida average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
FL Assist, FL HLP Second Mortgage, Salute Our Soldiers
Cost of living: High · Population: 21,538,187
Florida has a median home price of approximately $400,000, placing it above the national median. With a 10% down payment of $40,000, a typical buyer would finance $360,000 over 30 years. At a 6.8% fixed rate, the monthly principal and interest payment comes to $2,347.
Property taxes in Florida average 0.89% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $167 for homeowners insurance, your all-in monthly housing cost is approximately $2,811.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $120,468 to qualify comfortably. The median household income in Florida is $59,227.
