1. Add the home and loan
Enter the price, cash down, loan type and years to repay. Use a rate you want to test. That rate is an assumption, not a quote or APR. APR is a yearly measure of loan cost. It includes interest and some loan fees.
Mortgage tools
Florida Mortgage Payment Calculator
See what a home could cost each month. Add taxes, home insurance and dues to your loan payment. Try FHA, VA or conventional loans.
No contact details needed to use the tool. Planning estimate, not a loan offer, rate quote or approval.
Your scenario
This program starts at 3% down - about $14,250 here.
Your assumption, not a quote and not an APR.
Taxes, insurance and dues
Florida planning defaults. Replace them with your county's figures and a real insurance quote when you have them.
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.
Start with three steps
2. Check the home’s costs
Add property taxes, home insurance and any HOA or CDD dues. Use estimates for the home you plan to buy. The starting numbers may not fit it.
3. Look at the full picture
Check each cost in the result. Then try a different price or down payment. Leave room for bills, repairs and savings too.
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 guideHome 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 guideHOA 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 tool uses an estimate. Your real cost can differ. Keep PMI on if your loan requires it.
Conventional loan guideFHA
FHA has upfront and yearly mortgage insurance. If you add the upfront fee to the loan, you borrow more.
FHA loan guideVA
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 guideFlorida mortgage calculator questions
Does this use today’s mortgage rates?
No. You enter the rate you want to test. The starting rate is an assumption. Use the Florida Rate Finder to see priced scenarios. A rate estimate is not a rate lock.
Does the total include taxes and insurance?
Yes, based on the amounts you enter. It also adds HOA or CDD dues. Mortgage insurance depends on the loan type and settings. Keep estimated PMI on if your conventional loan requires it. The tool does not add flood insurance or special assessments. Check these on their own.
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.
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. Closing costs and costs paid ahead of time can add to the cash needed. Plan for moving and a cash cushion too.
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. This tool models a fixed-rate loan. It does not forecast future bills or rate changes on an adjustable-rate loan.
Choose your next step.
- Find a home price from your monthly budget
- Check Florida rate options
- Plan for cash needed at closing
An estimate is a starting point. Loan terms and approval need a full review.
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?Mortgage Points Calculator (Rate Horizon)Is it worth paying discount points to buy today's rate down, and how long until the lower payment recovers that cost?Refinance Break-Even CalculatorWould replacing the mortgage I already have actually leave me better off, once costs and the term reset are counted?Debt Consolidation Refinance CalculatorWhat happens to my monthly outflow and my total cost if I roll other debts into the mortgage?Extra Mortgage 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
- FHA upfront and annual mortgage-insurance premium rates are HUD's published figures (Mortgagee Letter 2023-05). HUD Mortgagee Letter 2023-05.
- VA funding-fee percentages are VA's published purchase table effective April 7, 2023. Eligibility and any exemption are confirmed through your Certificate of Eligibility.
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.