Payment calculator
Use our quick estimator below, or call us — we'll calculate your exact payment in 60 seconds, including Florida property taxes, homeowners insurance, and mortgage insurance specific to your situation.
Home price: $350000
Down payment: $10500 (3.5%)
Loan amount: $339500
Rate: 6.5%
Principal + Interest: $2145/mo
Property tax (~1.0%): $292/mo
Insurance: $200/mo
Mortgage insurance: $157/mo
Total: $2794/mo
Estimates only — call (754) 247-3930 for exact numbers based on your credit, loan type, and county.
What goes into a Florida mortgage payment?
- Principal & Interest (P&I) — the base mortgage payment
- Property taxes — Florida averages 0.8-1.1% of home value per year, varies by county
- Homeowners insurance — Florida has some of the highest insurance rates in the US ($1,800-$4,000/yr typical)
- Mortgage insurance (PMI/MIP) — required if you put less than 20% down
- HOA / condo fees — if applicable
How much house can I afford?
A general rule: your total housing payment (PITI) should be under 28% of gross monthly income, and all debts should be under 43%. But Florida's high property taxes and insurance mean the old calculators overestimate what you can afford. We calculate your real number — call us.
Talk to a Florida loan expert today
Pre-approval in as little as 24 hours. Real people answer the phone.
Start Your Application (754) 247-3930