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Florida mortgage payment calculator See your payment & cash needed.

No contact information or credit pull to use this calculator.

Estimate your monthly payment and cash needed using your credit range and down payment.

Loan type
Rate type

$100,000

Try a different down payment

Or enter your own amount above. Eligibility requirements apply.

Primary home · 30-year fixedMore options +

FHA and VA price a primary residence. Rates use a 30-day lock. Edit taxes, insurance and HOA in the payment breakdown below.

Change your numbers. Rates update automatically.

Your payment & cash estimate

Conventional · 30-year fixed · 780–799 credit · $400,000 purchase · 25% down

Same scenario. Different upfront costs.

7-year ARM (7/6) · PennyMac

Interest rate fixed for 7 years, then may adjust every 6 months. Payments may increase. 30-year repayment term.

Initial rate 6.000%APR 6.589%2.198 points · $6,594 paid at closing

The APR may increase after closing.

Payments, assumptions & ARM disclosures
Illustrative payment schedule
PaymentsRateMonthly P&I
1–8484 payments6.000%$1,798.65
85–360276 payments6.625%$1,900.50

The later rate and payment are examples that assume the index stays at today's value. They are not a prediction: the index can go up or down, and refinancing before the rate changes may not be available.

Payments shown are principal and interest only. They do not include taxes, homeowners insurance or HOA dues, so your actual monthly payment will be higher.

Adjustable-rate mortgage. 6.000% interest rate, 6.589% APR. The interest rate is fixed for the first 7 years (84 monthly payments). After that it can change every 6 months, so the payment can go up or down. The APR may increase after closing.

$400,000 price, $100,000 down (25%), $300,000 loan, 360 monthly payments. 2.198 points · $6,594 paid at closing.

Assumes a Florida purchase of a one-unit single-family primary residence, credit 780–799, a 30-day rate lock, full escrows and a standard (not high-balance) loan amount. Approval requires automated underwriting approval; the lender qualifies you at no less than the initial rate. Not every borrower or property qualifies.

The later rate shown, 6.625%, is the SOFR 30-day average of 3.913% published November 6, 2026 by the Federal Reserve Bank of New York, plus a 2.750% margin, rounded to the nearest 0.125%. The first rate change can take effect with payment 85.

Rate limits: up to 5 percentage points at the first change, 1 at each later change, and never more than 11.000%. At that maximum the payment would be $2,681.14, as early as payment 85. The lowest rate the loan can reach has not yet been confirmed by the lender.

PennyMac rate sheet, November 6, 2026, 9:40 a.m. ET. Rates may change or be unavailable at commitment or closing. This is an estimate, not a loan approval or a rate lock.

If you apply for this adjustable-rate loan, PennyMac, the lender, sends you the Consumer Handbook on Adjustable-Rate Mortgages and its disclosure for this ARM program.

The lower-rate option is the lowest eligible rate within the 2.500-point limit for this scenario, when available. Choices may come from different lenders.

View fees & repayment terms for available options

Estimated pricing. Not a rate lock or commitment to lend.

Loan assumptions, pricing & disclosures
Loan purpose
Purchase
Purchase price
$400,000
Down payment
25% · $100,000
Base loan amount
$300,000
Total financed loan
$300,000
Payment calculated on
Base loan amount
Property taxes (annual)
$5,000 · planning default · 1.25% of purchase price
Homeowners insurance (annual)
$2,400 · planning default · $2,400/year
Term
30-year fixed
Credit range
780–799
Occupancy
Primary residence
Property type
Single-family
State
Florida
Lock period
30-day lock

Lower rate · Provident

Interest rate
6.375%
Annual percentage rate (APR)
6.606%
Discount points / lender credit
1.625 points · $4,875 upfront rate cost
Repayment terms
30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,872. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Other closing costs apply.

Zero discount points · Provident

Interest rate
6.875%
Annual percentage rate (APR)
6.950%
Discount points / lender credit
0 discount points + $1,125 lender credit
Repayment terms
30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,971. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Other closing costs apply.

The most common starting point for a borrower with an established credit profile. Mortgage insurance applies above 80% loan-to-value and ends under the applicable rules.

No private mortgage insurance applies at this loan-to-value.

The lower-rate option is the lowest actually priced rate costing more than zero and no more than 2.500 borrower-paid discount points; the points and dollar cost shown are that row's own, and one point is 1% of the loan amount. The zero-discount-point option uses an exact-zero row when one is priced, otherwise the lowest actually priced rate that carries an actual lender credit. Discount points are separate from lender fees and other closing costs, and zero discount points does not mean zero closing costs. A missing option is shown as unavailable rather than substituted.

Estimated cash needed includes the down payment, modeled closing costs, prepaids, escrow setup, and the discount points or lender credit for the option.

Illustrative Florida estimate. Not an offer, approval, commitment to lend, Loan Estimate or rate lock.

Every figure on this page is calculated by the same pricing engine used for a real scenario review, not typed in, not averaged from a survey, and not a live market feed.

The simple break-even compares additional upfront rate cost with estimated monthly principal-and-interest savings. It does not include taxes, insurance, mortgage insurance, HOA, inflation, tax effects, opportunity cost, prepayment, sale, refinancing, or future rate changes.

For your selected rate · Provident

Rate 6.375%APR 6.606%

1.625 points · $4,875 upfront rate cost

Pricing source effective

Estimated total monthly payment$2,488/mo
Estimated money needed at closing$114,920

Includes taxes and homeowners insurance. Estimated principal & interest payment: $1,872/mo.

30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,872. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Want help understanding these numbers?

Ask Mortgage Expert to review your scenario. You don’t need another lender’s quote.

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See payment breakdown, closing costs & rate tradeoffs

Lower rate · Up to 2.5 points · Provident 1 / 2

Estimated total monthly payment

$2,488/mo

Includes taxes and homeowners insurance.

Principal & interest

$1,872/mo
30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,872. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.
What's inside your payment?

How your estimated total payment adds up

  • Principal & interest
  • Property taxes
  • Homeowners insurance
Principal & interest
$1,872
Property taxes
$416.00
Homeowners insurance
$200.00
HOA / CDD
Not included
Estimated total monthly payment
$2,488

Property taxes, homeowners insurance and mortgage insurance are estimates. Actual amounts depend on the property, coverage and final loan terms.

Rate6.375%
APR 6.606%

1.625 points · $4,875 upfront for this rate

Money needed at closing

$114,920Estimated total
Down payment
$100,000.00
Closing costsIncludes upfront rate cost
+ $12,221.00
Prepaids & escrows
+ $4,774.00
Credits & deposits
− $2,075.00
Where does the money go?

Budget for more than the down payment. Closing costs pay for the loan and closing services. Prepaids and escrows cover items such as interest, insurance and tax reserves.

+ Down payment
$100,000.00
+ Closing costs before creditsIncludes $4,875 upfront for this rate (1.625 points).
$12,221.00
+ Prepaids & initial escrows
$4,774.00
− Credits & deposits
−$2,075.00
Estimated money needed at closing
$114,920
See every cost and credit
Down payment
$100,000.00
Lender underwriting / administration
$1,225.00
Appraisal
$600.00
Credit report
$139.00
Settlement / closing services
$500.00
Survey
$350.00
Lender’s title insurance
$1,575.00
Owner’s title insurance — simultaneous issue
$750.00
Florida Form 9 endorsement · 10% × $2325.00 combined policy premiums
$232.50
Environmental protection lien endorsement (ALTA 8.1)
$50.00
County recording fees
$275.00
Florida documentary stamps on the mortgage / note
$1,050.00
Florida nonrecurring intangible tax
$600.00
Discount points
$4,875.00
Prepaid interest · 10 days × $52.40 per day (daily figure rounded for display)
$523.97
First-year homeowners insurance · 12-month premium
$2,400.00
Property-tax escrow deposit · 3 months
$1,250.00
Homeowners insurance escrow deposit · 3 months
$600.00
Assumed seller contribution for owner’s title insurance
−$2,075.00
Estimated money needed at closing
$114,920.47

Final cash needed depends on verified costs, deposits and eligible credits.

Using 2 planning estimates

Property tax: 1.25% of purchase price annually. Homeowners insurance: $2,400/year. HOA / CDD is included only when you enter it.

Explore the rate steps

Tap a stop or slide. Each stop is a priced choice.

Less money upfront Lower monthly payment

My current available options for this scenario: 5 priced choices.

30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,872. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Estimated payment includes modeled property taxes and homeowners insurance; HOA/CDD and flood insurance are excluded unless entered.

The tradeoff

More now. Less each month.

Choosing 6.375% instead of 6.875% costs about $5,959 more at closing and saves about $99 in principal and interest per month.

Estimated break-even

61 months

That’s how long the lower payment takes to make back the extra money.

Sell or refinance sooner? You may not recover the extra cost.
Keep the loan longer? The lower payment has more time to pay you back.

Points-payback context: I usually look for a simple points payback in about two to three years (24–36 months). This example’s estimated 61 months is longer than that preference.

Detailed figures for each choice

These are the pricing choices shown for this scenario. Tap a choice to use it above. Other rates may be available after I review the full loan.

See this choice above
See rate / APR details

Pay $4,875 upfront for this rate.
1.625 points · $4,875 upfront rate cost

The no-points choice is an actual zero discount-point row when one is priced, otherwise the lowest rate that comes with an actual lender credit. The featured lower-rate choice costs more than zero and no more than 2.500discount points when that priced choice is available.

The choices shown are distinct priced paths for this scenario, not every rate on a lender's pricing sheet. A lender credit reduces eligible closing costs in exchange for a higher rate.

How the break-even works

Extra cash at closing ÷ monthly principal & interest savings = months to recover the extra cash.

This uses the difference between the two cash-to-close estimates, including any change in prepaid interest.

This compares principal and interest only. It does not include property taxes, homeowners insurance, mortgage insurance, inflation, prepayment, refinancing, future rate changes, or opportunity cost on the money used for points. It is a planning aid, not a guarantee. The displayed differences round the exact unrounded deltas to the nearest dollar; break-even uses the unrounded values.

See how the mortgage math fits together

How your monthly payment gets built

Principal & interest
$1,872
+ Property taxes
$416
+ Homeowners insurance
$200
= Estimated total monthly payment
$2,488

How your closing money gets built

Down payment
$100,000
+ Closing costs before credits
$12,221
+ Prepaids & initial escrows
$4,774
− Credits & deposits
$2,075
= Estimated money needed at closing
$114,920

· May change or be unavailable at commitment or closing · Not a rate lock.

Pricing uses the same sources and scenario rules as the Florida rates page. The selected option shows its actual pricing-source date. Imported pricing is not a continuous market feed. This is a planning estimate, not a Loan Estimate, approval or rate lock.

See how a different down payment changes payment and cash needed
Enter my own rate

Test a fixed rate from another quote.

This separate calculator uses the rate you enter, not imported lender pricing. Its starting rate is an assumption, not an offer. It estimates monthly payment only, without an APR or cash-to-close quote.

Its inputs are separate from the priced calculator above. Check the price, down payment, taxes and insurance before comparing results.

What changes when you put more down?

A larger down payment reduces the amount borrowed but uses more of your savings at closing. Pricing can change too. Compare both figures before deciding how much cash to keep in reserve.

Compare 20% and 25% down

Illustrative $400,000 Florida purchase, 780–799 credit, 30-year conventional fixed loan. Each example uses the available lower-rate choice costing more than zero and no more than 2.5 points. Other assumptions are the same. These examples are separate from your entries above.

20% down

Estimated total monthly payment
$2,613/mo
Estimated cash needed at closing
$96,590
Interest rate
6.375%
APR
6.640%
Discount points
2.000% · $6,400
Down payment
$80,000
Principal & interest
$1,996/mo

Total includes estimated taxes and homeowners insurance. Other property expenses may apply. Cash needed includes down payment and modeled closing costs, prepaids, escrow and points.

Resale example: the seller is assumed to pay the owner’s title premium and deed transfer tax. Your purchase contract controls who pays; a different agreement changes your cash needed.

Itemized cash needed at closing
Down payment
$80,000.00
Lender underwriting / administration
$1,225.00
Appraisal
$600.00
Credit report
$139.00
Settlement / closing services
$500.00
Survey
$350.00
Lender’s title insurance
$1,675.00
Owner’s title insurance — simultaneous issue
$650.00
Florida Form 9 endorsement · 10% × $2325.00 combined policy premiums
$232.50
Environmental protection lien endorsement (ALTA 8.1)
$50.00
County recording fees
$275.00
Florida documentary stamps on the mortgage / note
$1,120.00
Florida nonrecurring intangible tax
$640.00
Discount points
$6,400.00
Prepaid interest · 10 days × $55.89 per day (daily figure rounded for display)
$558.90
First-year homeowners insurance · 12-month premium
$2,400.00
Property-tax escrow deposit · 3 months
$1,250.00
Homeowners insurance escrow deposit · 3 months
$600.00
Assumed seller contribution for owner’s title insurance
−$2,075.00
Estimated cash needed at closing
$96,590.40
Loan assumptions, pricing & disclosures
Loan purpose
Purchase
Purchase price
$400,000
Down payment
20% · $80,000
Base loan amount
$320,000
Total financed loan
$320,000
Payment calculated on
Base loan amount
Property taxes (annual)
$5,000 · planning default · 1.25% of purchase price
Homeowners insurance (annual)
$2,400 · planning default · $2,400/year
Term
30-year fixed
Credit range
780–799
Occupancy
Primary residence
Property type
Single-family
State
Florida
Lock period
30-day lock

Lower rate · Provident

Interest rate
6.375%
Annual percentage rate (APR)
6.640%
Discount points / lender credit
2 points · $6,400 upfront rate cost
Repayment terms
30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,996. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Other closing costs apply.

The most common starting point for a borrower with an established credit profile. Mortgage insurance applies above 80% loan-to-value and ends under the applicable rules.

No private mortgage insurance applies at this loan-to-value.

The lower-rate option is the lowest actually priced rate costing more than zero and no more than 2.500 borrower-paid discount points; the points and dollar cost shown are that row's own, and one point is 1% of the loan amount. The zero-discount-point option uses an exact-zero row when one is priced, otherwise the lowest actually priced rate that carries an actual lender credit. Discount points are separate from lender fees and other closing costs, and zero discount points does not mean zero closing costs. A missing option is shown as unavailable rather than substituted.

Estimated cash needed includes the down payment, modeled closing costs, prepaids, escrow setup, and the discount points or lender credit for the option.

Illustrative Florida estimate. Not an offer, approval, commitment to lend, Loan Estimate or rate lock.

Every figure on this page is calculated by the same pricing engine used for a real scenario review, not typed in, not averaged from a survey, and not a live market feed.

The simple break-even compares additional upfront rate cost with estimated monthly principal-and-interest savings. It does not include taxes, insurance, mortgage insurance, HOA, inflation, tax effects, opportunity cost, prepayment, sale, refinancing, or future rate changes.

Pricing source effective · Not a rate lock.

25% down

Estimated total monthly payment
$2,488/mo
Estimated cash needed at closing
$114,920
Interest rate
6.375%
APR
6.606%
Discount points
1.625% · $4,875
Down payment
$100,000
Principal & interest
$1,872/mo

Total includes estimated taxes and homeowners insurance. Other property expenses may apply. Cash needed includes down payment and modeled closing costs, prepaids, escrow and points.

Resale example: the seller is assumed to pay the owner’s title premium and deed transfer tax. Your purchase contract controls who pays; a different agreement changes your cash needed.

Itemized cash needed at closing
Down payment
$100,000.00
Lender underwriting / administration
$1,225.00
Appraisal
$600.00
Credit report
$139.00
Settlement / closing services
$500.00
Survey
$350.00
Lender’s title insurance
$1,575.00
Owner’s title insurance — simultaneous issue
$750.00
Florida Form 9 endorsement · 10% × $2325.00 combined policy premiums
$232.50
Environmental protection lien endorsement (ALTA 8.1)
$50.00
County recording fees
$275.00
Florida documentary stamps on the mortgage / note
$1,050.00
Florida nonrecurring intangible tax
$600.00
Discount points
$4,875.00
Prepaid interest · 10 days × $52.40 per day (daily figure rounded for display)
$523.97
First-year homeowners insurance · 12-month premium
$2,400.00
Property-tax escrow deposit · 3 months
$1,250.00
Homeowners insurance escrow deposit · 3 months
$600.00
Assumed seller contribution for owner’s title insurance
−$2,075.00
Estimated cash needed at closing
$114,920.47
Loan assumptions, pricing & disclosures
Loan purpose
Purchase
Purchase price
$400,000
Down payment
25% · $100,000
Base loan amount
$300,000
Total financed loan
$300,000
Payment calculated on
Base loan amount
Property taxes (annual)
$5,000 · planning default · 1.25% of purchase price
Homeowners insurance (annual)
$2,400 · planning default · $2,400/year
Term
30-year fixed
Credit range
780–799
Occupancy
Primary residence
Property type
Single-family
State
Florida
Lock period
30-day lock

Lower rate · Provident

Interest rate
6.375%
Annual percentage rate (APR)
6.606%
Discount points / lender credit
1.625 points · $4,875 upfront rate cost
Repayment terms
30-year fixed · Approximately 360 monthly principal-and-interest payments of $1,872. This principal & interest amount excludes property taxes, homeowners insurance, HOA/CDD dues, flood insurance and other property-specific costs; your actual total monthly payment will be higher.

Other closing costs apply.

The most common starting point for a borrower with an established credit profile. Mortgage insurance applies above 80% loan-to-value and ends under the applicable rules.

No private mortgage insurance applies at this loan-to-value.

The lower-rate option is the lowest actually priced rate costing more than zero and no more than 2.500 borrower-paid discount points; the points and dollar cost shown are that row's own, and one point is 1% of the loan amount. The zero-discount-point option uses an exact-zero row when one is priced, otherwise the lowest actually priced rate that carries an actual lender credit. Discount points are separate from lender fees and other closing costs, and zero discount points does not mean zero closing costs. A missing option is shown as unavailable rather than substituted.

Estimated cash needed includes the down payment, modeled closing costs, prepaids, escrow setup, and the discount points or lender credit for the option.

Illustrative Florida estimate. Not an offer, approval, commitment to lend, Loan Estimate or rate lock.

Every figure on this page is calculated by the same pricing engine used for a real scenario review, not typed in, not averaged from a survey, and not a live market feed.

The simple break-even compares additional upfront rate cost with estimated monthly principal-and-interest savings. It does not include taxes, insurance, mortgage insurance, HOA, inflation, tax effects, opportunity cost, prepayment, sale, refinancing, or future rate changes.

Pricing source effective · Not a rate lock.

Start with three steps

1. Add the home and loan

Enter the home price, down payment, loan type and estimated credit score. The calculator uses the same imported lender pricing as the Florida rates page. Check the source date shown with your result; it is not a continuous market feed.

2. Check the home’s costs

Open the payment breakdown to edit property taxes, home insurance and HOA dues. Use estimates for the home you plan to buy. The starting numbers may not fit it. Count any CDD charge once, whether it is on the tax bill or paid separately.

3. Compare payment and cash needed

Review the estimated monthly payment and cash needed at closing together. Check the rate, APR, upfront points or lender credit, and assumptions for each available option. Then try another down payment and leave room for repairs, bills and savings.

What goes into your payment?

The result adds the costs you enter. Some bills may be paid on their own, not with the loan. Flood insurance, special assessments, utilities and upkeep are not in this tool’s total. Add them to your budget.

The loan

Principal is the money you pay back. Interest is the cost to borrow it. Together, they are the loan part of your payment.

Taxes and home insurance

A lender may collect these costs each month in an account called escrow. The bills can change over time.

Dues and mortgage insurance

HOA and CDD dues add to your housing cost. Mortgage insurance may apply too. It helps protect the lender, not your home or belongings.

Three Florida costs to check

Taxes after the sale

The seller’s tax bill may be too low for your budget. A sale can change the home’s assessed value and tax breaks. Ask the county property appraiser for an estimate for you, including any homestead exemption.

Florida property tax guide

Home and flood insurance

Get a quote for the home early. Ask about roof condition and wind coverage. Most home policies do not cover flood damage. This tool does not add flood insurance. Check that cost on its own.

FEMA flood insurance guide

HOA and CDD dues

Ask for the dues and any extra charges. HOA means homeowners association. A CDD is a Community Development District. Some district charges are on the tax bill. Count each cost once. For a condo, ask about the project and insurance review too.

Pick the loan you want to test

A calculator result does not mean you qualify. Check the loan rules as well as the payment.

Conventional

Private mortgage insurance, or PMI, may apply. The priced calculator includes its planning estimate when applicable. Your real cost can differ. If you enter your own rate, keep PMI on when your loan requires it.

Conventional loan guide

FHA

FHA has upfront and yearly mortgage insurance. If you add the upfront fee to the loan, you borrow more.

FHA loan guide

VA

VA has no monthly mortgage insurance. A funding fee may apply. Some buyers are exempt. If you finance the fee, it adds to the loan.

VA loan guide

Florida mortgage calculator questions

Does this use today’s mortgage rates?

It uses the latest available imported lender pricing that passes the same availability checks as the Florida rates page. Read the pricing source date with your result. That date may be earlier than today, especially on weekends or between imports. Stale or unsupported pricing is withheld. An estimate is not a rate lock.

Explore Florida rates and upfront costs

Can I enter my own interest rate?

Yes. Open the optional own-rate calculator to test a fixed interest rate from a quote or another assumption. That mode estimates the monthly payment using the rate and costs you enter. It does not produce lender pricing, an APR, or a cash-to-close estimate, and it does not verify the terms of another quote.

Does the total include taxes and insurance?

Yes, using the planning assumptions or amounts you enter. The payment breakdown shows principal and interest, property taxes, home insurance, HOA dues and applicable mortgage insurance. Check whether CDD charges are already included in your tax estimate. Flood insurance, special assessments and maintenance need a separate budget.

Why might only one rate option, or no rate, appear?

Available options depend on your scenario and the pricing evidence. A second option is not always available. If the calculator cannot publish a supported estimate, it explains the limitation instead of substituting a rate. You can change your inputs or ask Mortgage Expert to review your scenario.

Will this tell me how much I can borrow?

No. It shows a payment based on your inputs. A lender must review your income, debts, credit, cash and the home.

See how pre-approval works

Can I use it for a home in Orlando or elsewhere in Florida?

Yes. Use the tax, insurance and dues estimates for that home. There is no single tax or insurance cost that fits all Florida homes.

Is my down payment all the cash I need?

No. The priced calculator estimates cash needed at closing separately from the monthly payment. Review its itemized closing costs, prepaid costs, credits and assumptions. The result is a planning estimate, not a Loan Estimate or a final amount due. Plan for moving and a cash cushion too.

Understand cash needed at closing

Can my payment change with a fixed-rate loan?

Yes. The loan’s principal and interest can stay fixed while taxes, home insurance and other bills change. Fixed-rate pricing is the starting choice. If you select an available conventional 7-year ARM, review its initial payment, later payment schedule and adjustment disclosures. Future rates and property costs are not guaranteed. The optional own-rate calculator models only a fixed-rate loan.

Choose your next step.

An estimate is a starting point. Loan terms and approval need a full review.

Mortgage question or quick quote?

Text Shahram

No application needed to start.