Florida Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Florida (FL). The median home price in Florida is $400,000, with an effective property tax rate of 0.79% (ranked #28 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Florida data.

Florida Property Tax Information

Florida has an effective property tax rate of 0.79%, ranking #28 among all 50 states. The median annual property tax is $2,555 ($213/month). Source: Tax Foundation 2025.

Florida Loan Limits 2026

FHA loan limit in Florida: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Florida has designated high-cost areas with higher limits.

Estimated Monthly Payment in Florida

For a median-priced home of $400,000 with 20% down ($80,000), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,023, plus $213 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,361/month.

Florida Closing Costs

Average closing costs in Florida are $8,492 (1.82% of purchase price), ranked #6 nationally. Florida charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Florida Housing Market 2026

Home prices in Florida have decreased 1.2% year-over-year. Average days on market: 55. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Florida

Florida offers 3 down payment assistance programs through Florida Housing Finance Corporation (Florida Housing):

  • Florida Assist (second mortgage): 0% interest, deferred second mortgage. Repaid when home is sold or refinanced. - Up to Up to $10,000
  • Hardest-Hit Fund DPA (HHF-DPA) (forgivable loan): Forgivable over 5 years. For eligible first-time buyers. - Up to Up to $15,000
  • Hometown Heroes (forgivable loan): For community workers including teachers, healthcare workers, law enforcement, and military. - Up to Up to 5% of first mortgage

Contact Florida Housing: https://www.floridahousing.org | Phone: 850-488-4197

Did You Know About Florida?

  • No state income tax makes Florida attractive for homebuyers
  • Homestead exemption reduces property taxes up to $50,000 of value
  • Save Our Homes caps property tax increases at 3% annually
  • Hurricane insurance is a significant additional cost to consider

Frequently Asked Questions About Buying a Home in Florida

What is the average property tax rate in Florida?

The effective property tax rate in Florida is 0.79%, with a median annual tax of $2,555. This ranks #28 among all states.

What are the FHA loan limits in Florida for 2026?

The FHA loan floor in Florida is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Florida?

Average closing costs in Florida are $8,492, which is approximately 1.82% of the purchase price.

Are there first-time homebuyer programs in Florida?

Yes, Florida offers 3 down payment assistance programs through Florida Housing Finance Corporation, including grants, forgivable loans, and second mortgages.

Is Florida a good place to buy a home in 2026?

With a median home price of $400,000 and moderate inventory, Florida is currently a buyer's market. Home prices have decreased 1.2% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.