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.
Jacksonville mortgage calculator
A median-priced Jacksonville, FL home at 6.75% over 30 years, with Florida property tax of 0.79% and $5,500 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$2,866 a month, all in
Principal and interest are $2,034; escrow and PMI add the rest. Over the full term the loan costs $418,708 in interest. Discounted at 5%, buying here has a net present value of $104,615 ($355,232 in today’s dollars).
Within Florida, Jacksonville is the cheapest of the 8 Florida markets covered here — Naples runs about 2.47x these prices. Buyers priced out of the expensive end of the state often end up comparing exactly this pair.
Jacksonville is cheaper than Florida as a whole — $348,500 against a state median of $410,000, roughly 15% below. On a 20% deposit that is $12,300 less to find up front.
At $348,500 to buy and $1,980 a month to rent, the price-to-rent ratio is 14.7 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Monthly cost in Jacksonville vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $348,500 |
|---|---|
| Down payment (10%) | $34,850 |
| Loan amount | $313,650 |
| Principal & interest | $2,034/mo |
| Property tax (0.79%) | $229/mo |
| Homeowners insurance | $458/mo |
| PMI while above 80% LTV | $144/mo |
| Total monthly payment | $2,866/mo |
| Comparable rent | $1,980/mo |
What a rate move does to the Jacksonville payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,781/mo |
| 6% | $1,880/mo |
| 6.5% | $1,982/mo |
| 7% | $2,087/mo |
| 7.5% | $2,193/mo |
| 8% | $2,301/mo |
Rent or buy in Jacksonville?
Against $1,980 a month in rent, over 7 years renting leaves you about $42,489 better off — $35,745 once 2.5% inflation is stripped out. See the Florida rent-vs-buy page.
Where these numbers come from
Florida medians come from editorial and are refreshed weekly. The Jacksonville figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.