Florida mortgage calculator

30-year fixed mortgage calculator with Florida-specific defaults. Median home price $395,000 · property tax effective rate 0.86%. All inputs update live; share your scenario as a URL.

Median home price reconciled 2026-04-22. Source: Zillow Home Value Index, state-level.

Your loan

Home price

$100k$2M

Down payment$79,000

Interest rate30-yr avg: 6.875%

Loan term

Taxes & insurance

(optional, but realistic)

State

Florida

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Property tax rate

~$283 per month

Homeowner insurance

HOA dues (if any)

PMI required. With 20% down (LTV 80.0%), private mortgage insurance is added at 0.50% of the loan annually — that's $132/month. PMI auto-removes at month 28 (78% LTV, per the Homeowners Protection Act).

Extra payments

(optional — accelerate payoff)

Biweekly paymentsPay half the monthly amount every two weeks (26 half-payments per year ≈ 13 monthly equivalents). Typically saves 4-7 years and tens of thousands in interest on a 30-year loan.

Extra each month

Applied as additional principal every month.

One-time lump sum

Single payment toward principal at the specified month (e.g. tax refund or bonus).

Estimated monthly payment

For a $395,000 home, 20% down, 6.875% APR, 30-year fixed in Florida.

Where your payment goes

Principal & interest$2,076

Property tax$283

Homeowner insurance$145

PMI$132

Loan amount

$316,000

Total interest

$431,322

Total paid

$747,322

Compare scenarios →

How your balance falls over time

The crossover point — where more of each payment goes to principal than interest — is at year 20.

BalanceInterest paidPrincipal paid

Amortization schedule

Year-by-year breakdown of every payment.

Period	Payment	Principal	Interest	Total interest paid	Balance
Y01Year 1	$24,911	$3,288	$21,623	$21,623	$312,712
Y02Year 2	$24,911	$3,521	$21,389	$43,012	$309,191
Y03Year 3	$24,911	$3,771	$21,139	$64,152	$305,419
Y04Year 4	$24,911	$4,039	$20,872	$85,023	$301,380
Y05Year 5	$24,911	$4,325	$20,585	$105,609	$297,055
Y06Year 6	$24,911	$4,632	$20,278	$125,887	$292,423
Y07Year 7	$24,911	$4,961	$19,950	$145,837	$287,462
Y08Year 8	$24,911	$5,313	$19,598	$165,434	$282,148
Y09Year 9	$24,911	$5,690	$19,221	$184,655	$276,458
Y10Year 10	$24,911	$6,094	$18,817	$203,472	$270,364
Y11Year 11	$24,911	$6,526	$18,384	$221,856	$263,838
Y12Year 12	$24,911	$6,989	$17,921	$239,778	$256,849
Y13Year 13	$24,911	$7,485	$17,425	$257,203	$249,363
Y14Year 14	$24,911	$8,016	$16,894	$274,097	$241,347
Y15Year 15	$24,911	$8,585	$16,325	$290,423	$232,762
Y16Year 16	$24,911	$9,195	$15,716	$306,139	$223,567
Y17Year 17	$24,911	$9,847	$15,064	$321,203	$213,720
Y18Year 18	$24,911	$10,546	$14,365	$335,568	$203,175
Y19Year 19	$24,911	$11,294	$13,617	$349,185	$191,881
Y20Year 20	$24,911	$12,095	$12,815	$362,000	$179,785
Y21Year 21	$24,911	$12,954	$11,957	$373,957	$166,832
Y22Year 22	$24,911	$13,873	$11,038	$384,995	$152,959
Y23Year 23	$24,911	$14,857	$10,054	$395,049	$138,102
Y24Year 24	$24,911	$15,911	$8,999	$404,048	$122,190
Y25Year 25	$24,911	$17,040	$7,870	$411,918	$105,150
Y26Year 26	$24,911	$18,250	$6,661	$418,579	$86,900
Y27Year 27	$24,911	$19,545	$5,366	$423,945	$67,356
Y28Year 28	$24,911	$20,931	$3,979	$427,925	$46,424
Y29Year 29	$24,911	$22,417	$2,494	$430,419	$24,007
Y30Year 30	$24,911	$24,007	$903	$431,322	$0

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Florida context

No state income tax, but homeowner insurance premiums are the highest in the US — average premium 4-5× the national median due to hurricane exposure.

Florida — related

Florida income tax

Top marginal — · No income tax

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Compare scenarios

Up to three mortgage scenarios side-by-side with a differential row.

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National 30-year fixed

Same calculator with cross-state defaults; manually pick any state.

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Last updated 2026-05-13