Florida Mortgage Calculator (2026)
Calculate your monthly payment with Florida-specific property tax (0.91%) and average insurance ($2,625/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $278.86 | $1,984.50 | $141.75 | $339,921 |
| 2 | $280.49 | $1,982.87 | $141.75 | $339,641 |
| 3 | $282.12 | $1,981.24 | $141.75 | $339,359 |
| 4 | $283.77 | $1,979.59 | $141.75 | $339,075 |
| 5 | $285.42 | $1,977.94 | $141.75 | $338,789 |
| 6 | $287.09 | $1,976.27 | $141.75 | $338,502 |
| 7 | $288.76 | $1,974.60 | $141.75 | $338,213 |
| 8 | $290.45 | $1,972.91 | $141.75 | $337,923 |
| 9 | $292.14 | $1,971.22 | $141.75 | $337,631 |
| 10 | $293.85 | $1,969.51 | $141.75 | $337,337 |
| 11 | $295.56 | $1,967.80 | $141.75 | $337,042 |
| 12 | $297.28 | $1,966.08 | $141.75 | $336,744 |
| 24 | $318.77 | $1,944.58 | $141.75 | $333,039 |
| 36 | $341.82 | $1,921.54 | $141.75 | $329,065 |
| 48 | $366.53 | $1,896.83 | $141.75 | $324,804 |
| 60 | $393.03 | $1,870.33 | $141.75 | $320,236 |
| 72 | $421.44 | $1,841.92 | $141.75 | $315,337 |
| 84 | $451.90 | $1,811.46 | $141.75 | $310,084 |
| 96 | $484.57 | $1,778.79 | $141.75 | $304,451 |
| 108 | $519.60 | $1,743.76 | $141.75 | $298,410 |
| 120 | $557.16 | $1,706.20 | — | $291,934 |
| 132 | $597.44 | $1,665.92 | — | $284,989 |
| 144 | $640.63 | $1,622.73 | — | $277,542 |
| 156 | $686.94 | $1,576.42 | — | $269,556 |
| 168 | $736.60 | $1,526.76 | — | $260,994 |
| 180 | $789.85 | $1,473.51 | — | $251,812 |
| 192 | $846.95 | $1,416.41 | — | $241,967 |
| 204 | $908.17 | $1,355.19 | — | $231,410 |
| 216 | $973.82 | $1,289.54 | — | $220,090 |
| 228 | $1,044.22 | $1,219.14 | — | $207,951 |
| 240 | $1,119.71 | $1,143.65 | — | $194,935 |
| 252 | $1,200.65 | $1,062.71 | — | $180,978 |
| 264 | $1,287.45 | $975.91 | — | $166,012 |
| 276 | $1,380.52 | $882.84 | — | $149,964 |
| 288 | $1,480.31 | $783.05 | — | $132,756 |
| 300 | $1,587.33 | $676.03 | — | $114,304 |
| 312 | $1,702.07 | $561.29 | — | $94,518 |
| 324 | $1,825.12 | $438.24 | — | $73,302 |
| 336 | $1,957.05 | $306.30 | — | $50,552 |
| 348 | $2,098.53 | $164.83 | — | $26,158 |
| 360 | $2,250.23 | $13.13 | — | $0 |
What the payment actually costs
The carrying cost that lenders leave out of the headline number: at 0.91% effective, Florida sits 27th of 51 states and adds around $303 a month to a $400,000 home, or $3,640 a year.
Homeowners insurance runs about $2,625 a year in Florida, 1st of 51 states and above the $1,552 national average. Together, tax and insurance add roughly $522 a month to the payment before you have paid a dollar of principal.
Insurance is the line to scrutinize here. At $2,625 a year Florida is well above the national norm, usually a sign of concentrated catastrophe risk — wind, hail, wildfire or flood depending on the region. Quote the specific address before committing, because premiums vary far more within this state than the average implies, and some carriers have withdrawn from the highest-risk counties entirely.
How this fits the rest of your tax bill
Florida charges no income tax, and property tax is where that revenue is recovered. At 0.91% the rate ranks 27th of 51. For a renter the no-income-tax advantage is close to pure gain; for an owner of a $400,000 home it is offset by roughly $3,640 a year. Run both sides before assuming the state is cheap.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.