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How to use the Mortgage Calculator
- 1Enter the home price and your down payment (as a dollar amount or a percentage).
- 2Set the interest rate and loan term (30 or 15 years are most common).
- 3Add property tax, home insurance and HOA fees for a realistic total.
- 4Review the monthly breakdown and the amortization schedule below it.
Property taxes in Florida
Homeowners in Florida pay an average effective property tax rate of 0.78% of their home's value each year, the 27th highest of all 50 states and DC. On a $400,000 home that is about $3,120 a year, or $260 a month added to your mortgage payment.
Your actual bill depends on your county and city, local levies and any homestead exemption, so check the assessor's website for the exact rate before you buy.
Monthly mortgage payments in Florida
With 20% down, a 30-year fixed loan at an example rate of 6.5%, Florida's average property tax rate and $1,800 a year for home insurance:
| Home price | Principal & interest | Property tax | Insurance | Total / month |
|---|---|---|---|---|
| $250,000 | $1,264 | $163 | $150 | $1,577 |
| $350,000 | $1,770 | $228 | $150 | $2,147 |
| $450,000 | $2,275 | $293 | $150 | $2,718 |
| $600,000 | $3,034 | $390 | $150 | $3,574 |
| $800,000 | $4,045 | $520 | $150 | $4,715 |
Florida counties with the highest property taxes
Median home value and median annual property tax paid by homeowners (2024 Census estimates).
| County | Median home value | Median tax / year | Effective rate |
|---|---|---|---|
| Alachua County | $288,800 | $2,773 | 0.99% |
| Broward County | $414,600 | $3,890 | 0.96% |
| St. Lucie County | $347,300 | $3,241 | 0.95% |
| Baker County | $256,700 | $1,631 | 0.88% |
| Hendry County | $219,200 | $1,756 | 0.86% |
Florida counties with the lowest property taxes
| County | Median home value | Median tax / year | Effective rate |
|---|---|---|---|
| Holmes County | $110,200 | $600 | 0.44% |
| Washington County | $171,000 | $792 | 0.46% |
| Gulf County | $250,000 | $1,578 | 0.47% |
| Walton County | $425,100 | $1,902 | 0.49% |
| Jackson County | $120,800 | $609 | 0.49% |
Florida vs neighboring states
Property tax on a $400,000 home and the resulting monthly payment (same loan assumptions as above):
| State | Tax rate | Tax / year | Total / month |
|---|---|---|---|
| Alabama | 0.37% | $1,480 | $2,296 |
| North Carolina | 0.66% | $2,640 | $2,393 |
| Florida ★ | 0.78% | $3,120 | $2,433 |
| Georgia | 0.79% | $3,160 | $2,436 |
| Texas | 1.4% | $5,600 | $2,639 |
More for Florida homebuyers
Frequently asked questions
What is the property tax rate in Florida?
The average effective property tax rate in Florida is 0.78% of home value per year (Tax Foundation, 2026 edition, based on 2024 Census data). Rates vary by county, from 0.44% in Holmes County to 0.99% in Alachua County.
What is the monthly payment on a $400,000 house in Florida?
With 20% down and a 30-year loan at 6.5%, principal and interest is $2,023 a month. Adding Florida's average property tax ($260) and home insurance ($150) brings the total to about $2,433 a month, before any HOA fees.
How much do I need to earn to buy a $400,000 home in Florida?
Using the common rule that housing should be no more than 28% of gross income, a $2,433 monthly payment needs an income of about $104,000 a year. Lenders also look at your other debts (debt-to-income ratio).
Does Florida have a homestead exemption?
Most states offer some form of homestead exemption or credit that lowers the taxable value of your main home. Check with your Florida county assessor; you usually have to apply once after you buy.
How much house can I afford?
A common guideline is to keep your total housing payment (including taxes and insurance) under 28% of your gross monthly income, and all debt payments under 36%. Use the calculator to find a home price whose total monthly payment fits that range.
When does PMI go away?
On conventional loans you can usually request PMI removal once your balance reaches 80% of the original home value, and it is cancelled automatically at 78%. FHA loans have different mortgage insurance rules.