Florida Mortgage Calculator
Estimate the monthly PITI payment on a Florida home. Preseeded with the state’s 0.83% effective property-tax rate, $4,200 average annual insurance, and $410,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,843
- Principal & Interest
- $2,073
- Property Taxes
- $284
- Home Insurance
- $350
- PMI
- $137
Total Interest
$418,346
Total Cost
$974,436
Payoff Year
2056
Florida Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 0.83%
- Avg annual insurance
- $4,200
- Median home price
- $410,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Florida Rules
Florida has no state income tax and a generous homestead exemption ($50,000 off assessed value, plus a Save Our Homes 3% annual assessment cap on primary residences). However, homeowners insurance is the highest in the country due to hurricane risk; many buyers are pushed onto the state-run Citizens Property Insurance plan when private carriers decline coverage.
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Frequently Asked Questions
- Florida's statewide effective property-tax rate is approximately 0.83% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.