Florida Mortgage
Payment Calculator

What this calculates

Principal and interest, plus realistic estimates for Florida property tax and homeowners insurance - the four components of PITI (the lender-required full monthly payment). Total interest over the loan life, and how down payment percentage shifts the math.

Default Florida assumptions: 1.0% effective property tax rate, 0.65% of dwelling value annual insurance (low for coastal Florida - adjust higher if you're near the water). Override either if you have actual quotes.

How to use this

Start with your target purchase price. Adjust down payment percentage to see PITI at different leverage levels. The default rate is a market-typical placeholder - your actual rate depends on credit, loan type, property type, and current market conditions.

What's missing from this estimate

• HOA dues. Many Florida communities have $200-$700+ monthly HOA fees. Add to the PITI to get your true monthly housing cost.
• PMI. Required on conventional loans with a smaller down payment (typically 0.3-0.7% of loan amount annually). FHA has its own MIP structure.
• Flood insurance. Required if the property is in a FEMA flood zone - separate policy.
• Sinkhole coverage. Optional in Florida and usually sold separately; ask your insurance agent.

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