Florida Mortgage Calculator & Rates Guide (2026)
Estimate your monthly payment on a Florida home with Florida-specific property tax, insurance, PMI, and HOA. Median home price in Florida is roughly $410,000, and the average effective property tax rate is about 0.83%.
Florida has no state income tax and a strong homestead protection, but homeowners insurance is the highest in the country due to hurricane risk and reinsurance costs. The calculator below is pre-filled with Florida's median home price and an estimated property tax bill of roughly $3,403 per year (about 0.83% of $410,000). Adjust the home price, down payment, and rate to match your real-world Florida scenario — your monthly payment updates instantly.
Loan details
Payment breakdown
- Principal & Interest$2,127
- Property Tax$284
- Home Insurance$458
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Florida mortgage and housing snapshot
| Median home price | $410,000 |
|---|---|
| Average effective property tax rate | 0.83% of home value |
| Estimated annual property tax on median home | $3,403 (~$284/mo escrowed) |
| Average homeowners insurance premium | $5,500 / year |
| 2026 conforming loan limit (most counties) | $806,500 |
| Transfer / recording tax | Florida charges a documentary stamp tax of $0.70 per $100 on the deed (0.70%) and $0.35 per $100 on the mortgage, plus an intangible tax of 0.20% on the loan amount. |
| Homestead / property tax cap | Florida's homestead exemption removes up to $50,000 from assessed value on a primary residence, and the Save Our Homes cap limits annual assessed-value growth to 3% or CPI, whichever is lower. |
Figures are 2025/2026 approximations from public data (Census, NAR, FHFA, NAIC, Tax Foundation). Use them for planning; confirm exact tax bills, insurance, and conforming limits with your lender, insurer, and county assessor.
Why Florida's housing math is different
Property tax burden. Florida's average effective property tax rate of about 0.83% of home value sits well below the U.S. national average of roughly 1.0%. Florida's homestead exemption removes up to $50,000 from assessed value on a primary residence, and the Save Our Homes cap limits annual assessed-value growth to 3% or CPI, whichever is lower. On the median Florida home, that translates to roughly $3,403 a year — money that's escrowed into your mortgage payment whether you notice it or not.
Insurance and disaster risk. The typical Florida homeowners policy runs about $5,500 per year. That's well above the national average — severe weather and natural-disaster exposure are real cost drivers in Florida, and many lenders also require separate flood or wind/hail policies in higher-risk areas.
Closing-cost reality. Florida charges a documentary stamp tax of $0.70 per $100 on the deed (0.70%) and $0.35 per $100 on the mortgage, plus an intangible tax of 0.20% on the loan amount. Add roughly 2-3% of the price for typical lender fees (origination, appraisal, title, escrow), and Florida buyers should plan for total closing costs in the 3-5% range on top of the down payment.
Loan-limit context. The 2026 conforming loan limit for most counties in Florida is $806,500. The median Florida home price sits comfortably below this ceiling, so most buyers can use a standard conforming loan rather than a jumbo.
Common loan types in Florida
The default for most Florida buyers with 5%+ down and a 620+ credit score. Loans up to $806,500 (most counties) avoid jumbo pricing. PMI is required under 20% down and auto-cancels at 22% equity.
Backed by the Federal Housing Administration. Low 3.5% down with credit scores down to 580. Popular with first-time Florida buyers, but FHA mortgage insurance (MIP) usually stays for the life of the loan unless you put 10%+ down.
Zero-down loans for eligible active-duty service members, veterans, and qualifying surviving spouses. No PMI and competitive rates. Florida has a large veteran population, and VA loans are heavily used here.
Zero-down loans for buyers in USDA-designated rural and many suburban areas with moderate incomes. Florida's urban metros are usually outside USDA-eligible zones, but smaller-town and suburban-fringe properties may still qualify.
Run any of these scenarios in the calculator above by adjusting the down payment and rate. For a side-by-side, see our FHA vs. conventional, VA loan, and USDA loan guides.
Florida mortgage FAQ
What are typical mortgage rates in Florida in 2026?
Mortgage rates in Florida closely track national averages because most home loans are sold to Fannie Mae, Freddie Mac, or government-backed agencies that price loans on a national basis. Your actual rate depends far more on your credit score, down payment, loan term, and discount points than on the state you live in. Use the calculator above with your target rate to see how a small rate move changes your Florida monthly payment.
How much is property tax on a typical home in Florida?
Florida's average effective property tax rate is approximately 0.83% of home value. On a median $410,000 home in Florida, that works out to roughly $3,403 per year, or about $284 per month escrowed into your mortgage payment. Actual bills vary by county and city.
What is the 2026 conforming loan limit in Florida?
For most counties in Florida, the 2026 conforming loan limit for a one-unit home is $806,500. Loans above that are 'jumbo' loans and typically have stricter credit and down-payment requirements. Some high-cost counties in Florida may use a higher limit set by the FHFA — check your specific county before locking a rate.
How much homeowners insurance should I budget for in Florida?
The average annual homeowners insurance premium in Florida is roughly $5,500. Coastal, wildfire, hail, and flood-prone areas can be substantially higher. Your lender will require proof of coverage at closing, and the premium is typically escrowed monthly along with property tax.
Do I have to pay PMI on a Florida mortgage?
PMI rules are federal, not state-specific. Most conventional Florida mortgages require private mortgage insurance when your down payment is below 20% of the home's price, typically 0.3%-1.5% of the loan amount per year. PMI auto-cancels at 22% equity per the federal Homeowners Protection Act. FHA loans use MIP instead, and VA and USDA loans skip PMI entirely.
What transfer or recording taxes do Florida buyers and sellers pay?
Florida charges a documentary stamp tax of $0.70 per $100 on the deed (0.70%) and $0.35 per $100 on the mortgage, plus an intangible tax of 0.20% on the loan amount.
Is there a homestead exemption in Florida?
Florida's homestead exemption removes up to $50,000 from assessed value on a primary residence, and the Save Our Homes cap limits annual assessed-value growth to 3% or CPI, whichever is lower.
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Ready to find your real rate?
Compare personalized rates from top lenders. Most checks are a soft credit pull only.
Compare 5+ Lenders
See personalized rate quotes from multiple top lenders in one place.
- ✓Soft credit pull only
- ✓5+ competing rate quotes
- ✓Free, no obligation
Get Your Rate in 60 Seconds
Modern, fully online lender with fast pre-approvals.
- ✓100% online application
- ✓Pre-approval in minutes
- ✓No origination fees on most loans
America's Largest Mortgage Lender
Established direct lender with a full range of loan products.
- ✓Wide loan-product selection
- ✓Full-service support
- ✓Highly rated for borrower satisfaction
Advertiser disclosure: cards above are sponsored. We may earn a commission when you compare lenders through our partners — at no cost to you. Compensation does not influence which lenders are shown.