Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Florida mortgage costs
What a typical Florida (FL) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $410,000 |
|---|---|
| 10% down payment | $41,000 |
| Loan amount | $369,000 |
| Principal & interest (30yr @ 6.75%) | $2,393/mo |
| Property tax (0.79%) | $270/mo |
| Homeowners insurance | $458/mo |
| PMI (until 20% equity) | $154/mo |
| Estimated total monthly | $3,275/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Florida different
Insurance, not tax, is the swing factor. Wind and flood coverage can add more to the monthly payment than a full point of interest.
Florida has no state income tax, so mortgage interest deductions are only worth your federal marginal rate. Many buyers here take the standard deduction instead of itemising.
Run your own FL numbers →Compare lenders
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| Lender | Best for | Highlight | Min. down | Apply |
|---|---|---|---|---|
| LendingTreePopular | Comparing multiple offers | Up to 5 lender offers in minutes | 3% | See rates |
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| Bankrate | Daily rate research | Live rate tables across major lenders | 3.5% | See rates |
| Rocket Mortgage | Fully online closing | Digital application and verification | 3% | See rates |