Mortgage Calculator

Florida Mortgage Calculator

The true cost of owning a home in Florida includes property tax at 0.91%, homeowners insurance averaging $7,136/year, transfer tax, plus PMI if your down payment is under 20 percent.

Current 30 year fixed, conventional: 6.85% · as of October 10, 2026

Start from a preset:

Your home

Home price

State median: $390,000

Down payment

Loan term Shorter term = higher payment, less total interest

Your loan

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Interest rate

Live FRED 30yr fixed: 6.85%

Monthly extras

Property tax rate

Florida average: 0.91%

Home insurance

State average: $7,136/yr

HOA fees

Leave 0 if no HOA

Your monthly payment

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Payment breakdown

Principal & interest—

Property tax—

Home insurance—

PMI—

MIP (FHA/USDA)—

HOA—

Loan summary

Loan amount—

Down payment—

Total interest—

Loan payoff—

At closing

Florida closing costs

Florida charges a real estate transfer tax of about 0.700% of the sale price, typically paid by the seller.

Documentary stamp tax: $0.70 per $100 (~0.70%) on deed. Miami-Dade single-family: $0.60 per $100 + surtax on multi-family. Florida insurance rates are highest in US due to hurricane risk.

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Other South states

Same calculator, different numbers. Pick one to see how Florida's costs compare.