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.
Rent vs buy in Florida
A median-priced Florida (FL) home at 6.75% over a 7-year hold, against renting a comparable home at $2,200 a month — with the result also shown in today’s dollars at 2.5% inflation.
Renting wins over this horizon
After 7 years, renting leaves you about $55,807 better off in nominal terms — $46,948 in today’s dollars once 2.5% inflation is stripped out. Nominal gains flatter the buyer: inflation erodes both the mortgage balance and the headline sale price, which is why the real figure is the one to plan against.
At other price points in Florida
The same 7-year comparison run across the Florida price range, with rent scaled to each price point. Every row is calculated on our amortising engine, not estimated.
| Home price | Rent | Winner | Advantage (today’s $) |
|---|---|---|---|
| $287,000 | $1,540/mo | Renting | $NaN |
| $348,500 | $1,870/mo | Renting | $NaN |
| $410,000 | $2,200/mo | Renting | $NaN |
| $471,500 | $2,530/mo | Renting | $NaN |
| $533,000 | $2,860/mo | Renting | $NaN |
The monthly picture
| Median home price | $410,000 |
|---|---|
| Down payment (10%) | $41,000 |
| Principal & interest | $2,393/mo |
| Property tax (0.79%) | $270/mo |
| Homeowners insurance | $458/mo |
| Owner monthly before maintenance | $3,122/mo |
| Comparable rent today | $2,200/mo |
Where you stand after 7 years
| Owner wealth after 7 years | $155,331 |
|---|---|
| Renter wealth after 7 years | $211,137 |
| Total cost of buying | $195,910 |
| Total cost of renting | $140,103 |
| Total rent paid | $202,289 |
| Total mortgage interest paid | $167,045 |
| Home sale price at exit | $521,634 |
| Selling costs (6%) | $31,298 |
| Loan balance at exit | $335,006 |
The renter invests the down payment and any monthly cash-flow difference at 7% a year; rent grows 3% a year, the home appreciates 3.5% a year, buying costs 3% at purchase and 6% at sale, and maintenance runs 1% of value a year. Illustrative averages, not quotes.
What is specific to Florida
Insurance, not tax, is the swing factor. Wind and flood coverage can add more to the monthly payment than a full point of interest.
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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| Rocket Mortgage | Fully online closing | Digital application and verification | 3% | See rates |
Rent vs buy in other states
- Alabama
- Alaska
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- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
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- Kansas
- Kentucky
- Louisiana
- Maine
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- New Hampshire
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- New York
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- Ohio
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