Florida mortgage calculator
Estimate your monthly mortgage payment for a home in Florida, United States. Adjust the home price, down payment, rate, and term below for an instant breakdown. The calculator starts with the Florida average effective property-tax rate of 0.78% (mid-range in the U.S.), though your county rate may differ. Florida also has no state income tax, worth weighing alongside your monthly housing payment when comparing overall cost of living.
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Florida mortgage inputs
Enter your gross monthly income above to see an affordability read (based on the standard 28% front-end DTI guideline).
Loan amount: $320,000
Default rate (6.55%, 30-year fixed) is the United States national average as of 2026-07-16 — edit it to match your own quote.
How much is a monthly mortgage payment in Florida?
Here's a worked example for Florida. On a $400,000 home with 20% down ($80,000), you'd borrow $320,000. At a 6.55% 30-year fixed rate — the current U.S. national average — the principal and interest come to about $2,033 per month. Adding Florida's average effective property tax of 0.78% ($3,120 a year, or $260 a month) brings the core housing cost to roughly $2,293 per month, before home insurance and any HOA dues. Enter your own price, down payment, and rate in the calculator above to get your exact number.
Property taxes in Florida
Florida's average effective property-tax rate is 0.78%, which is below the U.S. average of 0.90% and ranks mid-range of all states. On the $400,000 example home that's $3,120 per year. Rates are set locally, so your actual county or city rate can differ — check your county assessor's site and adjust the property-tax field above to match. Florida also levies no state income tax, which can meaningfully change how much home you can afford compared with a high-income-tax state at the same salary.
The levers that move this number — deposit size and PMI, rate shopping, insurance, HOA dues — work the same way everywhere. We cover them properly in how mortgage payments work and down payment & PMI rather than repeating them on every state page.
How much house can you afford in Florida?
Applying the 28% affordability guideline at a 6.55% 30-year fixed rate with 20% down, against Florida's 0.78% average property-tax rate:
| Gross annual income | Max monthly payment (28%) | Est. affordable home price |
|---|---|---|
| $75,000 | $1,750 | $305,000 |
| $100,000 | $2,333 | $407,000 |
| $150,000 | $3,500 | $611,000 |
| $200,000 | $4,667 | $814,000 |
Illustrative only — excludes insurance, HOA, and your other monthly debts. Enter your own income above for a personalised read.
Conforming loan limits in Florida — when you cross into jumbo
Limits are set county by county, not state by state. For 2026 the national baseline is $832,750; above your county's limit you're into jumbo territory.
66 of Florida's 67 counties sit at the national baseline of $832,750 — about $1,040,938 of purchase price with 20% down. Exactly one county is designated high-cost: Monroe County, where the limit rises to $990,150. If you're buying there you can borrow meaningfully more before jumbo rules apply; everywhere else in Florida, the baseline is your threshold.
Source: FHFA conforming loan limit values, 2026 limit values, announced 2025-11-25 (retrieved 2026-08-15). Limits are reset each November for the following year — see our methodology.
Mortgage calculators for major Florida cities
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Frequently asked questions
Is property tax the same everywhere in Florida?
No — property tax rates vary by county and even by city within Florida. The calculator starts from Florida's statewide average effective rate of 0.78%, so check your local assessor's site for your exact county rate and adjust the field to match.
What's the conforming loan limit in Florida?
Most of Florida uses the 2026 national baseline of $832,750, but Monroe County is designated high-cost and runs to $990,150. Which county the property sits in decides your threshold.
Does Florida having no state income tax affect what I can afford?
It affects your take-home pay rather than the mortgage itself. The affordability table above works from gross income, so at the same salary a Florida buyer keeps more of it than someone in a high-income-tax state — which in practice supports a larger monthly payment than the gross-income maths alone suggests.