Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,339.63The answer

Monthly payment

$2,339.63

A $359,000 home with 20% down ($287,200 borrowed) at 7.18% over 30 years costs about $2,340 a month: $1,946 principal and interest plus $394 of tax, insurance and dues.

Principal and interest: $1,945.59
Tax, insurance, PMI and HOA: $394.03
Total interest over the loan: $413,213

Amortization by year: $287,200 at 7.18%

Year	Interest	Principal	Balance
1	$20,529.43	$2,817.68	$284,382.32
2	$20,320.33	$3,026.78	$281,355.54
3	$20,095.71	$3,251.40	$278,104.13
4	$19,854.42	$3,492.69	$274,611.44
5	$19,595.23	$3,751.88	$270,859.56
6	$19,316.80	$4,030.31	$266,829.25
7	$19,017.71	$4,329.41	$262,499.84
8	$18,696.42	$4,650.69	$257,849.14
9	$18,351.29	$4,995.82	$252,853.32
10	$17,980.55	$5,366.57	$247,486.75
11	$17,582.29	$5,764.82	$241,721.93
12	$17,154.48	$6,192.64	$235,529.29
13	$16,694.92	$6,652.19	$228,877.10
14	$16,201.26	$7,145.86	$221,731.24
15	$15,670.96	$7,676.16	$214,055.08
16	$15,101.31	$8,245.81	$205,809.28
17	$14,489.38	$8,857.73	$196,951.54
18	$13,832.04	$9,515.07	$187,436.47
19	$13,125.92	$10,221.19	$177,215.28
20	$12,367.40	$10,979.71	$166,235.57
21	$11,552.59	$11,794.52	$154,441.05
22	$10,677.31	$12,669.80	$141,771.25
23	$9,737.08	$13,610.03	$128,161.21
24	$8,727.07	$14,620.04	$113,541.17
25	$7,642.11	$15,705.00	$97,836.17
26	$6,476.63	$16,870.48	$80,965.69
27	$5,224.66	$18,122.45	$62,843.24
28	$3,879.79	$19,467.33	$43,375.91
29	$2,435.11	$20,912.01	$22,463.90
30	$883.21	$22,463.90	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.