Florida Mortgage Calculator 2026
Florida's no-income-tax advantage is real, but homeowners insurance costs — driven by a troubled insurance market and hurricane risk — can add $200–$500+ per month to your housing costs in coastal areas. This is the single most important factor Florida buyers often underestimate.
Calculate Your Florida Mortgage Payment
Pre-filled with Florida averages — adjust any value to match your situation.
= $82,000 down
Estimated Monthly Payment Breakdown
Based on $410,000 home price, 20% down, 30-year fixed at 7.25%.
Florida Property Taxes & Income Tax
Florida has no state income tax. The Homestead Exemption exempts the first $50,000 of assessed value from property taxes for primary residents. The Save Our Homes cap limits annual assessment increases to 3% for homesteaded properties, protecting long-term owners.
Florida Homeowners Insurance
Florida's insurance market is in crisis — multiple major insurers have exited the state. Coastal annual premiums range from $4,000 to $15,000+. Windstorm insurance is often required separately in coastal counties. Flood insurance is mandatory in FEMA flood zones. Budget $200–$500+/month in coastal areas, $150–$250 inland.
Florida Housing Market Overview
Florida boomed during 2020–2022 and has since cooled with rising inventory. Miami has strong international demand. Tampa and Orlando saw the most significant corrections from peak. Jacksonville is the most affordable major metro. New construction is abundant in many markets.
Frequently Asked Questions
What is the average mortgage payment in Florida?
Based on Florida's median home price of $410,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,842/month.
What is the conforming loan limit in Florida?
The conforming loan limit in Florida is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Florida?
Yes — Florida has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Florida?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Florida with no down payment and no PMI. The VA loan limit in Florida is $766,550.
Florida Loan Limits
Florida Homebuyer Programs
Up to $10,000 in down payment assistance as a 0% interest deferred second mortgage for qualifying buyers.
Learn more →