Calculate Your Florida Mortgage Payment
Our calculator is pre-filled with Florida's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with FL DefaultsMonthly Payment Breakdown for Florida
Here's what your monthly payment looks like on the median Florida home ($415,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($83,000), no PMI. With less than 20% down, add $138-$277/month for PMI.
Florida Property Taxes
Florida's effective property tax rate is 0.91%, which is above the national average of 0.89%.
Annual Property Tax on $415,000 Home
$3,777
($315/month escrowed)
No State Income Tax
Florida has no state income tax, which can offset higher property taxes and leave more money for your mortgage payment.
Buying a Home in Florida: Key Facts
- No state income tax - significant savings for homeowners
- #1 destination for people relocating from other states
- Property taxes below national average (0.91% vs 0.89%)
- Homeowners insurance can be expensive due to hurricane risk
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Florida First-Time Homebuyer Programs
Florida has 196 homebuyer assistance programs that can help with down payment and closing costs.
Florida Assist
Up to $10,000 for down payment or closing costs
Deferred second mortgage, 0% interestFlorida Homeownership Loan Program (FL HLP)
Up to $10,000 for down payment and closing costs
15-year second mortgage at 3%HFA Preferred Program
3%, 4%, or 5% of first mortgage amount
Forgivable second mortgageEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Florida
Home prices and property taxes can vary significantly by city. The median home price of $415,000 is a statewide average.
Florida Mortgage FAQ
What is the property tax rate in Florida?
The average effective property tax rate in Florida is 0.91%. On a $415,000 home, that's approximately $3,777 per year or $315 per month added to your mortgage payment.
What is the median home price in Florida?
The median home price in Florida is $415,000 as of January 2026. Prices vary by location - Miami and Orlando typically have higher prices than rural areas.
Are there first-time homebuyer programs in Florida?
Yes, Florida has 196 homebuyer assistance programs. Popular options include Florida Assist, which offers up to $10,000 for down payment or closing costs.
How much do I need to buy a house in Florida?
For the median Florida home ($415,000), you'd need $83,000 for a 20% down payment, plus $12,450-$20,750 for closing costs. With down payment assistance, you could potentially buy with as little as $14,525 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Florida property taxes pre-filled.
Calculate Your FL Mortgage Payment