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Florida purchase scenarios

Florida mortgage
rate tool.

Compare real payment scenarios before you talk to anyone.

No credit pull to start. No application just to explore. Start with your numbers.

3 pricing pathsFlorida purchase scenarios
Scenario tool

Build your scenario.

Adjust your numbers on the left. Three pricing paths update on the right.

Your scenario
Your numbers
Adjust your scenario step by step.
Live
01Transaction

Start here — purchase or refinance.

Conventional rate-and-term refinance only. FHA Streamline and VA IRRRL refinance are coming after separate validation.

02Loan type

Loan type drives most pricing decisions across the rest of the form.

Not sure which fits? Start with Conventional — we'll help narrow it down.

03Property and loan structure

Set the price, then choose how you'd like to structure the loan.

$

Purchase price of the property — contract price, not appraisal.

20% · $100,000
3%50%

Cash you'll put in at closing. Most Florida buyers land between 5% and 20%.

How you'll use the property — pricing changes for second homes and investments.

04Borrower

A quick self-estimate — no credit pull.

We use your estimated middle score. Don't worry — no credit pull here.

05Property details

Property type and term.

Condos carry their own pricing adjustment vs. single family.

30-year for flexibility, 15-year to pay off faster at a lower rate.

06Taxes and insurance

Annual dollars. These flow into your monthly payment and your cash-to-close prepaids.

$

Defaults to 1.25% of price — a Florida midpoint. Edit to match the actual tax bill.

$

Default $2,400/yr. Replace with your actual quote when you have one.

Loan amount
$400,000
Base rate
6.500%
Three pricing pathsRates updated 05/15/2026

Same loan. Three ways to price it.

These are pricing options from the same scenario. The rate, cost, and credit change together.

Florida purchase estimate based on your selected scenario.Rates, APR, points, credits, payments, and cash-to-close estimates depend on purchase price, loan amount, loan type, occupancy, credit score, down payment, property type, term, and the current Pennymac sheet. This is not a Loan Estimate, approval, or commitment to lend.· Source: latest imported Pennymac sheet · 2026-05-15

Scenario shown: Conventional purchase, primary residence, single family, $500,000 purchase price, $400,000 loan amount, 20% down, 780–799 credit score, 30-year fixed, Florida.

Balanced pathUpdating
Estimated principal & interest
$2,528/ month
6.500%·6.603% APR·30-yr fixed·Principal & interest
Cash to close$118,209
Loan amount$400,000
Balanced path · This option has a modest upfront cost while keeping the payment near the middle of the available options.
Estimates only. Not a Loan Estimate, not an approval, not a commitment to lend. Final rate, APR, payment, and cash-to-close depend on verified credit, income, assets, property, loan program, lock date, lender conditions, and actual third-party fees. The Mortgage Expert · NMLS 2412313 · Equal Housing Opportunity.
Monthly payment breakdown$3,249/mo · PITI
Principal & interest
6.500% · 30-yr fixed
$2,528
Estimated property taxes
From your inputs · $6,250/yr
$521
Estimated homeowners insurance
From your inputs · $2,400/yr
$200
Total estimated monthly
$3,249
Estimated cash to close$112,384 · on the Standard path
Down payment
20% of home price
$100,000
Estimated closing costs
Lender fees, title fees, and Florida taxes — tap for detail.
$5,225
Lender fees
$1,150
Settlement / closing fee
$1,525
Title insurance and closing-related fees
$350
Florida doc stamp tax on the loan (0.35%)
$1,400
Florida intangible tax on the loan (0.20%)
$800
Prepaids / escrow setup
Prepaid interest, tax escrow, and insurance setup — tap for detail.
$5,275
Prepaid interest (10 days at note rate)
$712
Property tax escrow (3 months)
$1,563
Homeowners insurance escrow (3 months)
$600
First-year homeowners insurance prepaid
$2,400
Discount points
Paid upfront to buy down the rate
+$1,884
Total estimated cash to close
$112,384
Assumptions & disclosuresWhat these numbers do and don't include
Scenario shown
Conventional purchase, primary residence, single family, $500,000 purchase price, $400,000 loan amount, 20% down ($100,000), 780-799 credit score, 30-year fixed, $6,250 annual property tax, $2,400 annual homeowners insurance, Florida. Pricing source: Pennymac sheet effective 2026-05-15.
  • Estimates only. Not a Loan Estimate, not an approval, not a commitment to lend, not a rate lock.
  • Final rate, APR, payment, and cash-to-close depend on verified credit, income, assets, property, loan program, lock date, lender conditions, and actual third-party fees.
  • Property tax and homeowners insurance vary widely in Florida. County assessor and a real insurance quote override the inputs above. HOA dues, if any, are not included in this estimate.
  • Rate and APR estimates are generated from the current uploaded Pennymac rate sheet and the assumptions selected here.
  • Monthly figure is principal & interest plus estimated taxes, insurance, and (when applicable) PMI or FHA MIP. VA funding fee and FHA upfront mortgage insurance may be financed into the loan when applicable and are reflected in APR modeling, but they may not appear as separate cash-to-close line items in this preview.
  • The Mortgage Expert · NMLS 2412313 · Equal Housing Opportunity.
What affects this payment?
Credit score
Higher FICO tiers price better across all loan types.
Down payment
Lower LTV generally means a lower rate and no MI.
Occupancy
Second homes and investment properties price higher.
Loan type
Conventional, FHA, VA, and Investment each price differently.
Points / credits
Trade cash today for a lower payment — or the reverse.
Term
15-yr fixed usually prices ~0.5% below the 30-yr.
How this tool works

What the Florida rate tool actually models

This tool models rate, APR, points, lender credits, cash to close, and estimated Florida monthly payment based on the scenario you enter. It compares three pricing paths — lower rate, balanced, lender credit — so you can see the tradeoff before you apply.

Florida payments are not just principal and interest. The tool's payment estimates include space for property taxes, homeowners insurance, HOA dues, CDD fees, and mortgage insurance where applicable — because in Florida, those line items often move the payment more than tiny rate differences.

Compliance: This is not a locked rate quote, not a loan approval, and not a commitment to lend. Actual pricing depends on credit score, loan program, LTV, property type, occupancy, lock timing, lender pricing, and underwriting. Rates change daily and sometimes intraday. Use this tool to understand the structure of your decision; use a real Loan Estimate to compare lenders.

For the deeper rate education — APR vs note rate, points break-even, lock vs float, FHA vs Conventional vs VA pricing — see the Rate Transparency Hub. For a custom review of your file, run Get My Strategy.

Why this tool exists

See the tradeoffs before you commit.

Most rate pages show you a number. This one shows you the shape of your decision.

01
Payment vs upfront cost

Every rate has a cost — either in points you pay or credits you take. The tradeoff isn't obvious until you see it.

02
Points vs lender credit

Same loan, priced three ways. Buying down the rate makes sense for long holds; credits make sense for tight cash to close.

03
Structure before application

Get the structure right first — loan type, down payment, term — then apply. Fewer surprises, cleaner close.

Strategy call · no commitment

Want help choosing the right structure?

A 25-year Orlando broker will walk you through your scenario, explain the tradeoffs, and help you decide before anything is filed.

Run My StrategyOr keep testing scenarios