Free tool
Florida Mortgage Calculator
Enter a price, down payment and rate to estimate a Florida monthly payment, then add your property tax, home insurance, flood insurance and HOA. On a $405,000 loan at 7.40% for 30 years, principal and interest alone come to about $2,804 a month.
Kris Persaud · Watson Realty Corp. · 1390 N Hancock Rd, Clermont, FL 34711
Calculator
Estimate Your Monthly Payment
The rate box starts at 7.40%, the national 30-year fixed average Freddie Mac reported for the week of October 8, 2026 (the 15-year average was 6.73%). Your own rate depends on your credit, loan type and lender, so change it to the rate you are quoted.
The parts
What Goes Into a Florida Payment
- Principal and interest: the loan itself, set by the price, down payment, rate and term.
- Property tax: set by the county and city where the home sits. The county property appraiser's site shows the current tax bill for a home, and a new owner's bill can change after a sale.
- Home insurance: often a larger share of the payment in Florida than in other states. Get a quote on the actual home before you write an offer.
- Flood insurance: most homeowners policies do not cover flood, and a new flood policy usually starts 30 days after purchase (FEMA FloodSmart). Your lender may require it in some flood zones.
- HOA dues: many Central Florida neighborhoods have them. Ask for the current amount and what it covers.
- Mortgage insurance: with less than 20% down, most conventional loans add it. The calculator leaves it out, so ask your lender for the figure.
Florida rule
Homestead and Your Tax Bill
If the home will be your main residence, Florida's homestead exemption can take up to $51,411 off its assessed value in 2026: $25,000 off all taxes plus an inflation-indexed $26,411 off non-school taxes (Florida Department of Revenue, January 2026). You must own and live in the home on January 1 and apply by March 1 with the county property appraiser, using form DR-501 or the county's online filing. After that, the Save Our Homes rule limits how much the assessed value of a homestead can rise each year. The homestead exemption guide has the details.
From estimate to offer
Next Steps
Talk to a lender
A pre-approval letter shows your real rate, payment and how much you can borrow.
Price the extras
Get an insurance quote and look up the property tax on homes you like. Those two can move the payment more than the rate.
Shortlist homes with Kris
Kris works with buyers across Clermont, Winter Garden, Groveland, Orlando, Apopka and Kissimmee. Call or text him on 407-341-9813.
Questions
Mortgage calculator questions
What is a typical mortgage payment in Florida?
It depends on price, rate and insurance. As an example, a $450,000 home with 10% down at 7.40% for 30 years has principal and interest of about $2,804 a month, before property tax, insurance and HOA.
Does this calculator include property taxes and insurance?
Yes. Enter your yearly property tax, home insurance and flood insurance, and your monthly HOA, and the calculator adds them to principal and interest.
Why does the rate start at 7.40%?
It was Freddie Mac's national 30-year fixed average for the week of October 8, 2026. Change it to the rate your lender quotes you.
Is this a loan offer?
No. It is an estimate only. Only a lender can give you a rate and loan terms.
Can Kris recommend a lender?
Kris can share lenders past clients have used. You choose who to work with.
Keep reading
Related pages
Ready to see homes in your price range?
Call or text Kris directly on his cell, or send a message and he will get back to you.
Kris Persaud · Watson Realty Corp. · 1390 N Hancock Rd, Clermont, FL 34711