FLORIDA MORTGAGE RATES · PRICING CHECKED 08/18/2026

Today’s Florida Mortgage Rates

Compare rate, APR, points and estimated payment using current Florida pricing scenarios. Customize any scenario to see options based on your numbers.

Imported pricing — not a live market feed.

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Today’s Conventional Mortgage Rates

Scenario

Conventional · $750,000 purchase · 25% down · $562,500 loan

30-year fixed · 780–799 · Primary residence · Florida · 30-day lock · Pricing effective 08/18/2026

Closest to Par

Pricing closest to $0 in points or lender credit.

RATE6.500%

APR6.545%

Lender credit: 0.007 points · $39
Estimated principal & interest: $3,555/mo
Estimated total monthly payment: $4,555/mo
Estimated cash needed at closing: $199,925

Lower Rate

A lower rate bought down with discount points.

RATE6.250%

APR6.388%

Discount points: 0.973 points · $5,473
Estimated principal & interest: $3,463/mo
Estimated total monthly payment: $4,463/mo
Estimated cash needed at closing: $205,399

Conventional loans in Florida

Conventional financing is the most common starting point for borrowers with an established credit profile. Mortgage insurance applies above 80% loan-to-value and ends under the applicable rules.

Conventional scenario assumptions and calculations

Option comparison

Additional upfront cost: $5,474
Monthly principal-and-interest difference: $92
Estimated break-even: 60 months

Break-even is the approximate time needed for the lower monthly payment to recover the added upfront cost.

Scenario assumptions

Loan purpose: Purchase
Purchase price: $750,000
Down payment: 25% · $187,500
Base loan amount: $562,500
Total financed loan: $562,500
Payment calculated on: Base loan amount
Property taxes (annual): $7,500 · Florida planning default
Homeowners insurance (annual): $4,500 · Florida planning default
Term: 30-year fixed
Credit range: 780–799
Occupancy: Primary residence
Property type: Single-family
State: Florida
Lock period: 30-day lock

Mortgage insurance

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

Today’s FHA Mortgage Rates

Scenario

FHA · $400,000 purchase · 3.50% down · $386,000 loan

30-year fixed · 780–799 · Primary residence · Florida · 30-day lock · Pricing effective 08/18/2026

Closest to Par

Pricing closest to $0 in points or lender credit.

RATE6.125%

APR7.042%

Discount points: 0.009 points · $35
Estimated principal & interest: $2,386/mo
Estimated total monthly payment: $3,097/mo
Estimated cash needed at closing: $24,081

Lower Rate

A lower rate bought down with discount points.

RATE5.875%

APR6.890%

Discount points: 0.958 points · $3,763
Estimated principal & interest: $2,323/mo
Estimated total monthly payment: $3,034/mo
Estimated cash needed at closing: $27,782

FHA loans in Florida

FHA can be useful for a borrower putting down a smaller down payment, or whose credit profile makes conventional financing more expensive. It is not limited to first-time buyers. FHA loans carry an upfront mortgage insurance premium and a monthly premium, and the figures below include both.

FHA scenario assumptions and calculations

Option comparison

Additional upfront cost: $3,701
Monthly principal-and-interest difference: $63
Estimated break-even: 59 months

Break-even is the approximate time needed for the lower monthly payment to recover the added upfront cost.

Scenario assumptions

Loan purpose: Purchase
Purchase price: $400,000
Down payment: 3.50% · $14,000
Base loan amount: $386,000
Financed FHA upfront mortgage-insurance premium: $6,755 · 1.75%
Total financed loan: $392,755
Payment calculated on: Total financed loan
Property taxes (annual): $4,000 · Florida planning default
Homeowners insurance (annual): $2,400 · Florida planning default
Term: 30-year fixed
Credit range: 780–799
Occupancy: Primary residence
Property type: Single-family
State: Florida
Lock period: 30-day lock

Mortgage insurance

FHA mortgage insurance (MIP) of about $177 per month is included in the estimated total payment, in addition to the financed upfront premium.

Financed into the loan. Rate, payment and APR are calculated on the financed loan amount.

Today’s VA Mortgage Rates

Scenario

VA · $500,000 purchase · 0% down · $500,000 loan

30-year fixed · 780–799 · Primary residence · Florida · 30-day lock · Pricing effective 08/18/2026

Closest to Par

Pricing closest to $0 in points or lender credit.

RATE6.125%

APR6.382%

Discount points: 0.086 points · $439
Estimated principal & interest: $3,103/mo
Estimated total monthly payment: $3,770/mo
Estimated cash needed at closing: $11,616

Lower Rate

A lower rate bought down with discount points.

RATE5.875%

APR6.216%

Discount points: 1.018 points · $5,199
Estimated principal & interest: $3,021/mo
Estimated total monthly payment: $3,688/mo
Estimated cash needed at closing: $16,342

VA loans in Florida

VA financing is available to eligible service members, veterans and certain surviving spouses. The figures below assume an eligible borrower with full entitlement, first use of the benefit and a non-exempt borrower, so a VA funding fee is financed into the loan. An exempt borrower pays no funding fee and the figures would be based on the base loan.

VA scenario assumptions and calculations

Option comparison

Additional upfront cost: $4,726
Monthly principal-and-interest difference: $82
Estimated break-even: 58 months

Break-even is the approximate time needed for the lower monthly payment to recover the added upfront cost.

Scenario assumptions

Loan purpose: Purchase
Purchase price: $500,000
Down payment: 0% · $0
Base loan amount: $500,000
Assumed financed VA funding fee: $10,750 · 2.15%
Total financed loan: $510,750
Payment calculated on: Total financed loan
Property taxes (annual): $5,000 · Florida planning default
Homeowners insurance (annual): $3,000 · Florida planning default
Term: 30-year fixed
Credit range: 780–799
Occupancy: Primary residence
Property type: Single-family
State: Florida
Lock period: 30-day lock

Mortgage insurance

VA loans carry no monthly mortgage insurance. The funding fee is a one-time cost financed into the loan.

Assumes first use and a non-exempt borrower. An exempt borrower pays no funding fee, and the figures shown would then be based on the base loan.

Rate, APR and points — what’s the difference?

Rate: The interest rate is the percentage cost of borrowing the principal. It is the number used to calculate your monthly principal and interest.
APR: APR is a broader annualized measure that combines the interest rate with certain finance charges, including points and some fees. It is not your monthly payment.
Points: Discount points are an upfront cost paid to obtain a particular rate. One point equals 1% of the loan amount. A lender credit is the same mechanism in reverse.

Why your mortgage rate may be different

The scenarios above are defined examples. Your own pricing moves with the facts of your loan.

Credit profile: Pricing is set in credit bands. Moving between bands changes the adjustment applied.
Down payment or equity: Loan-to-value changes both the pricing adjustment and whether mortgage insurance applies.
Loan program and term: Conventional, FHA and VA price differently, and a 15-year term prices differently from a 30.
Occupancy and property type: A primary residence, a second home and an investment property are priced separately, as are condos and multi-unit properties.
Loan amount: Loan size carries its own adjustment, and amounts above the conforming limit price on a different sheet.
Points or lender credits: Every rate on the same sheet carries its own upfront cost or credit. Changing one changes the other.

A lower rate is not always the lower-cost option

Paying discount points lowers the interest rate, but the upfront cost only works in your favor if the monthly savings recover it before you sell, refinance or otherwise pay the loan off. Compare the additional cash at closing with the monthly principal-and-interest difference, then weigh that against how long you expect to keep the loan. A break-even is a planning aid, not a guarantee.

The estimated break-even between the two options above is shown in each program’s details.

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Florida mortgage-rate questions

Are these live mortgage rates?

They are calculated from the latest available imported wholesale pricing, not from a real-time market feed. The effective date of that pricing is shown at the top of this page and in each program’s assumptions. Pricing can move during the day, and a quote is not a rate lock.

Why might my rate be different from the displayed examples?

Each example above is a defined scenario. Your own pricing can change with your credit profile, loan amount, down payment or equity, property type, occupancy, loan purpose, program, term, lock period and the points or lender credits you choose. Until the complete scenario and current pricing are aligned, the example and your quote are not the same comparison.

What is the difference between rate and APR?

The interest rate is the percentage cost of borrowing the principal and is what your monthly principal and interest is calculated from. APR is a broader annualized measure that combines the interest rate with certain loan charges, including points and some fees. APR can help compare borrowing cost, but it is not your monthly payment and it does not include every amount due at closing.

Should I pay mortgage points?

Discount points are upfront charges paid in exchange for a lower interest rate. To evaluate them, compare the additional upfront cost with the monthly principal-and-interest saving to estimate a simple break-even period, then consider how long you expect to keep the loan and how much cash you want to preserve. The break-even is a planning aid, not a guarantee.

What affects a mortgage rate?

Credit profile, down payment or equity, loan program and term, occupancy and property type, loan amount, and whether the rate carries discount points or a lender credit. Broader market conditions move the underlying pricing for everyone; the items above are what move your rate relative to it.

How long can a mortgage rate be locked?

A rate lock holds a specified rate and pricing for a stated period, as long as the loan closes within that period and the facts supporting the lock do not materially change. The scenarios on this page are priced on a 30-day lock. Other lock periods are available and price differently, and extending a lock may cost money. Your Loan Estimate shows whether the rate is locked and when the lock expires.

Does viewing or customizing these estimates require a credit check?

No. Everything on this page — including the customized scenarios — is calculated in your browser from the credit range you select. No credit is pulled, no application is started, and no contact information is required to see an estimate. A credit check only happens later, with your permission, as part of a real application.

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Pricing checked 08/18/2026 · Illustrative Florida estimate—not a commitment to lend or a rate lock.

Calculated from the latest available imported wholesale pricing for Florida. Not a real-time market feed, not an approval, not a commitment to lend and not a rate lock.