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.
Tampa mortgage calculator
A median-priced Tampa, 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.
$3,432 a month, all in
Principal and interest are $2,513; escrow and PMI add the rest. Over the full term the loan costs $517,228 in interest. Discounted at 5%, buying here has a net present value of $113,022 ($414,106 in today’s dollars).
Within Florida, Tampa is 5th of the 8 Florida markets covered here, between Naples at the top and Jacksonville at the bottom of a 2.47x spread. A state-level median hides most of that.
A price-to-rent ratio of 15.5 puts Tampa in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Tampa carries a premium over the rest of Florida: a median home here runs $430,500, about 5% above the state median of $410,000. The deposit moves with it, so the same 20% down is $86,100 rather than $82,000.
Monthly cost in Tampa vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $430,500 |
|---|---|
| Down payment (10%) | $43,050 |
| Loan amount | $387,450 |
| Principal & interest | $2,513/mo |
| Property tax (0.79%) | $283/mo |
| Homeowners insurance | $458/mo |
| PMI while above 80% LTV | $178/mo |
| Total monthly payment | $3,432/mo |
| Comparable rent | $2,310/mo |
What a rate move does to the Tampa payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,200/mo |
| 6% | $2,323/mo |
| 6.5% | $2,449/mo |
| 7% | $2,578/mo |
| 7.5% | $2,709/mo |
| 8% | $2,843/mo |
Rent or buy in Tampa?
Against $2,310 a month in rent, over 7 years renting leaves you about $55,947 better off — $47,066 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 Tampa 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.