Florida Mortgage Calculator
Calculate your mortgage payment in Florida. Pre-filled with FL median home price ($400,000), property tax rate (0.86%), and local insurance costs.
Florida at a Glance
$400,000
Median Home Price
0.86%
Property Tax Rate
$4,200
Avg Home Insurance
$766,550
FHA Loan Limit
Loading calculator
Preparing Florida Mortgage Calculator...
Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Mortgage Calculator in Florida
The median home price in Florida is $400,000, which is 5% below the national average of $420,000. Florida's effective property tax rate of 0.86% is 0.24 percentage points lower than the national average of 1.1%.
| Metric | Florida (FL) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $400,000 | $420,000 | -5% |
| Property Tax Rate | 0.86% | 1.1% | -0.24% |
| Home Insurance (Annual) | $4,200 | $2,300 | +83% |
| State Sales Tax | 6% | 5% | +1.0% |
| FHA Loan Limit | $766,550 | $472,030 | Higher |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Florida offers a homestead exemption of $50,000, which reduces the taxable value of your primary residence. The state uses an assessment ratio of 100% to determine the assessed value for property tax purposes.
Other Florida Calculators
Mortgage Calculator in Other States
Related Guides
15-Year vs 30-Year Mortgage: Which Is Right for You?
A 15-year mortgage saves you hundreds of thousands in interest but comes with higher monthly payments. Here's how to decide which term fits your finances.
8 min read mortgageFHA vs Conventional Loan: Which Mortgage Is Right for You?
FHA loans require just 3.5% down with a 580 credit score. Conventional loans need 3-5% down with 620+ credit. Here's which costs less over the life of the loan.
8 min read mortgageHow Much House Can I Afford? A Step-by-Step Guide
Use the 28/36 rule: spend no more than 28% of gross income on housing and 36% on total debt. Here's how to calculate your real home buying budget.
8 min read