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Mortgage tools

Mortgage Payment Calculator

Estimate the whole monthly payment — principal, interest, taxes, insurance, HOA and mortgage insurance — for a Conventional, FHA or VA loan in Florida.

Planning estimate. Not a loan offer, rate quote, or approval.

Your scenario

Loan program
This program starts at 3% down — about $14,250 here.
Down payment entered as
Your assumption, not a quote — and not an APR.
Mortgage insurance

Conventional PMI applies above 80% loan-to-value. It is an estimate — the insurer prices it from your file.

A mid-range planning figure. Real PMI varies widely.

Taxes, insurance and dues

Florida planning defaults. Replace them with your county's figures and a real insurance quote when you have them.

Property tax entered as

Estimated total monthly payment

$3,037

360 scheduled monthly payments over 30 years.

Principal and interest$2,402
Property taxes$435
Homeowners insurance$200
HOA / CDD dues$0
Monthly mortgage insurance$0

No monthly mortgage insurance at this loan-to-value.

Estimated total monthly payment$3,037
Base loan amount$380,000
Total modelled loan amount$380,000

Loan-to-value 80.0% of the purchase price.

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

Principal and interest is only part of it
P&I repays the loan. The rest of the payment — taxes, insurance, HOA and mortgage insurance — is money you pay to live in the house, and it can move after closing when your county reassesses or your insurer re-rates.
Which loan the payment is built on
FHA and VA finance an upfront premium or fee into the balance, so the payment is calculated on a loan larger than your base loan. Both figures are shown so you can check a Loan Estimate against them.
Mortgage insurance is not permanent on every loan
Conventional PMI ends at the cancellation thresholds. FHA's annual premium runs for 11 years when the original loan-to-value was 90% or below and otherwise for the loan term. VA charges none at all.
Florida moves the escrow line hardest
On a Florida property the escrow half of the payment carries more of the risk than the rate does. Homeowners and wind premiums vary sharply by roof age, construction and location; flood coverage may be required depending on the zone; a homestead exemption applies only once the home is your permanent residence; and HOA dues or a CDD assessment ride on top. Insurance availability, flood zone, roof condition, condo project status and county tax behaviour all affect the real number — none of which a generic estimator can know.

Other calculators

Florida Rate FinderWhat are today's Florida rates for my loan, and what do they cost in points and payment?Home Affordability CalculatorWhat home price fits the monthly payment I want to stay near?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.
  • A fully amortising loan with equal scheduled payments and no balloon.
  • Property taxes and homeowners insurance divided evenly across twelve months.
  • Florida property. Mortgage Expert, Inc. originates loans on Florida property only.
  • No flood insurance, special assessments, utilities or maintenance.
How the numbers are calculated

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.

Principal and interest only. Property taxes, homeowners insurance, HOA or CDD dues, and any applicable mortgage insurance or funding fee are not included and will increase the actual monthly payment.

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.

Principal and interest use the standard fully-amortising fixed-rate formula on the total modelled loan amount. FHA and VA amortise on the base loan plus the financed premium or fee; conventional amortises on the base loan.

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.