Calculate your monthly mortgage payment in Florida. Pre-filled with Florida's typical home value of $375,500 (Zillow Home Value Index, August 2026) and an effective property tax rate of 0.75% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$2,396
Principal & Interest
$2,005
Property Tax / mo
$235
Total Interest Paid
$421,265
| Home Price | $375,500 | Typical home value in Florida — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($75,100) | Assumption — no sourced state average |
| Loan Amount | $300,400 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Florida rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 0.75% / year | Florida effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Florida: FL Assist, FL HLP Second Mortgage, Salute Our Soldiers. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Florida housing finance agency before you rely on it.
Cost of living: High (index 100.8, MERIC (C2ER index), Second Quarter 2026) · Population: 23,462,518 (Census Bureau estimate, July 1, 2025)
Florida has a typical home value of about $375,500 (Zillow Home Value Index, August 2026), above the U.S. typical value of $368,700. With an assumed 20% down payment of $75,100, a buyer would finance $300,400 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $2,005.
The effective property tax rate in Florida — median real estate taxes paid divided by median home value — is 0.75% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $156 a month for homeowners insurance, the estimated all-in monthly housing cost is about $2,396.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $102,670 to qualify comfortably. The median household income in Florida is $77,735 (Census ACS 2024 1-year).
