Florida mortgage calculator with property tax and insurance
Median home price in Florida: $410,000. Effective property tax 0.86%/yr, homeowners insurance ≈ $6,000/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $3,893 | $4,687 | $139,210 |
| 15 yr | $3,041 | $3,834 | $219,308 |
| 20 yr | $2,642 | $3,436 | $306,163 |
| 30 yr | $2,293 | $3,087 | $497,632 |
Adjust the numbers
Monthly breakdown
Total interest $497,632 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $3,893 | $4,687 | $139,210 |
| 15 years | $3,041 | $3,834 | $219,308 |
| 20 years | $2,642 | $3,436 | $306,163 |
| 30 years | $2,293 | $3,087 | $497,632 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $24,497 | $3,024 | $324,976 |
| 2 | $24,263 | $3,258 | $321,718 |
| 3 | $24,010 | $3,511 | $318,207 |
| 4 | $23,737 | $3,784 | $314,423 |
| 5 | $23,443 | $4,078 | $310,345 |
| 6 | $23,127 | $4,394 | $305,951 |
| 7 | $22,786 | $4,735 | $301,216 |
| 8 | $22,418 | $5,103 | $296,113 |
| 9 | $22,022 | $5,499 | $290,614 |
| 10 | $21,595 | $5,926 | $284,688 |
| 11 | $21,135 | $6,386 | $278,301 |
| 12 | $20,639 | $6,882 | $271,420 |
| 13 | $20,105 | $7,416 | $264,004 |
| 14 | $19,529 | $7,992 | $256,012 |
| 15 | $18,909 | $8,612 | $247,399 |
| 16 | $18,240 | $9,281 | $238,119 |
| 17 | $17,520 | $10,001 | $228,117 |
| 18 | $16,743 | $10,778 | $217,340 |
| 19 | $15,907 | $11,614 | $205,725 |
| 20 | $15,005 | $12,516 | $193,209 |
| 21 | $14,033 | $13,488 | $179,721 |
| 22 | $12,986 | $14,535 | $165,186 |
| 23 | $11,858 | $15,663 | $149,523 |
| 24 | $10,642 | $16,879 | $132,644 |
| 25 | $9,331 | $18,190 | $114,454 |
| 26 | $7,919 | $19,602 | $94,852 |
| 27 | $6,398 | $21,123 | $73,729 |
| 28 | $4,758 | $22,763 | $50,965 |
| 29 | $2,991 | $24,531 | $26,435 |
| 30 | $1,086 | $26,435 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Florida
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $12,300 | $182 | $3,757 |
| 5% | $20,500 | $179 | $3,696 |
| 10% | $41,000 | $169 | $3,543 |
| 15% | $61,500 | $160 | $3,390 |
| 20% | $82,000 | $0 | $3,087 |
| 25% | $102,500 | $0 | $2,944 |
Around the Florida median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $310,000 | $1,734 | $2,456 |
| $410,000 | $2,293 | $3,087 |
| $515,000 | $2,881 | $3,750 |
| $615,000 | $3,440 | $4,381 |
Detailed payment examples
FAQ
What is the average property tax rate in Florida?
Florida's effective property tax rate is about 0.86% of home value per year, which is $294 per month on a $410,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Florida?
A typical Florida policy runs around $6,000 per year ($500 per month). Coastal and hail-prone areas can be significantly higher.
Is a $410,000 home affordable in Florida?
At 7.50% with 20% down, the estimated all-in payment is $3,087 per month. Using the 28% rule that implies a household income near $132,000 per year before other debts.