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Mortgage tools

Home Affordability Calculator

Start from the monthly payment you actually want to live with, and see the Florida home price it supports.

A planning estimate — not a pre-approval, an approval amount, or an ability-to-repay determination.

What fits your budget

All in — principal, interest, taxes, insurance, HOA and any mortgage insurance.
Loan program
This program starts at 3% down.
Your assumption, not a quote — and not an APR.
Mortgage insurance

Cost assumptions

Florida planning defaults. The closing-cost percentage and the buffer only affect the cash-to-close estimate, not the payment.

Optional. Reserves and prepaid items you want to plan for.

Estimated home price this payment supports

$502,242

At a total monthly payment of $3,200 over 30 years.

Base loan amount$401,794
Total modelled loan amount$401,794
Principal and interest$2,540
Property taxes$460
Homeowners insurance$200
HOA / CDD dues$0
Monthly mortgage insurance$0
Total monthly payment$3,200
Down payment$100,448
Estimated closing costs$12,556
Estimated cash to close$113,005

An estimate. Your Loan Estimate itemises the real figure.

If you'd rather stay near $2,880$448,670

Worth pressure-testing: taxes and insurance in Florida can both move after you close.

Note: This is a planning estimate, not a pre-approval, an approval amount, or an ability-to-repay determination.

See today's real Florida rates

Planning estimate only — not a loan offer, rate quote, approval, or commitment to lend. Rates you enter are assumptions, not APRs.

How to read this result

This is a budget, not a ceiling
The price above is what your chosen payment buys under these assumptions. It is not what a lender would approve — that depends on verified income, debts, credit, assets, the program, the property and underwriting.
Cash to close is a separate question
The down payment is only part of it. Closing costs, prepaid taxes and insurance, and any program fee you choose not to finance all land on the same day. Plan for both numbers, not just the payment.
Florida moves the escrow figures
Property tax reassessment after a sale and homeowners insurance re-rating both change the non-mortgage part of your payment. Test a payment 10% lower than your target and see what it costs you in price.

Other calculators

Florida Rate FinderWhat are today's Florida rates for my loan, and what do they cost in points and payment?Mortgage Payment CalculatorWhat would my full monthly payment be — principal, interest, taxes, insurance, HOA and mortgage insurance?Rate HorizonIs it worth paying discount points to buy today's rate down, and how long until the lower payment recovers that cost?Should I Refinance?Would replacing the mortgage I already have actually leave me better off, once costs and the term reset are counted?Debt Consolidation RefinanceWhat happens to my monthly outflow and my total cost if I roll other debts into the mortgage?Extra Payment CalculatorHow much sooner would I be done, and how much interest would I avoid, paying extra each month?

Assumptions, method and disclosures

What this calculator assumed
  • A fixed interest rate for the whole term, at the rate you entered.
  • The down payment stated as a percentage, so it scales with the solved price.
  • Property tax as a percentage of the purchase price; homeowners insurance as a flat annual figure.
  • Florida property. Mortgage Expert, Inc. originates loans on Florida property only.
  • No income, monthly debts, credit pull or debt-to-income ratio is used, requested or implied.
How the numbers are calculated

This tool starts from a payment you choose. It is not a pre-approval, an approval amount, or an ability-to-repay determination.

It does not tell you what you can be approved for.

Actual eligibility depends on verified income, debts, credit, assets, the loan program, the property, and underwriting.

The estimated total payment includes principal, interest, property taxes, homeowners insurance, HOA or CDD dues, and mortgage insurance where the program charges it. It excludes flood insurance, special assessments, utilities, and maintenance. Your actual escrow amounts are set by your county and your insurer.

Private mortgage insurance is an estimate. Actual PMI is priced by the insurer from credit, loan-to-value, loan amount, term, occupancy, coverage, and whether the premium is borrower- or lender-paid.

The price is solved by searching for the purchase price whose complete monthly payment equals your target, evaluating the same payment model the Mortgage Payment Calculator renders at each candidate price. That is what lets it stay correct across FHA’s financed upfront premium, HUD’s mortgage-insurance factor bands and the VA funding-fee tiers, all of which step rather than scale.

Where the program figures come from

This is a planning estimate, not a loan offer, rate quote, approval, pre-approval, or commitment to lend.

Interest rates you enter here are assumptions, not APRs.

Results depend entirely on the inputs and assumptions above.

Your official Loan Estimate and Closing Disclosure control the actual terms of any loan.

Mortgage Expert, Inc. originates loans on Florida property only. Minimum loan amount $100,000.