■ Real Estate
Mortgage Calculator.
Estimate your full monthly payment including principal, interest, taxes, and insurance.
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Free
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What the Mortgage Calculator actually does.
Our Mortgage Calculator gives you the full monthly housing number — not just principal and interest, but also property taxes, homeowner's insurance, and PMI if applicable. That's the total actually coming out of your bank account each month.
Most 'how much house can I afford' conversations fall apart because buyers only calculate P+I. A $2,800/month P+I in Florida often becomes $3,800 once taxes and insurance are in — and that changes which properties are actually affordable.
Enter home price and loan
details to see your payment.
For informational purposes only. Results are estimates and do not constitute financial advice. Consult a qualified professional before making financial decisions.
■ How to use it
- 01
Enter the home price and down payment.
- 02
Enter your interest rate and loan term.
- 03
Add annual property taxes and insurance.
- 04
Check PMI if your down payment is under 20%.
- 05
See your total monthly payment.
■ What you'll get out of it
- See the full PITI payment (principal, interest, taxes, insurance).
- Factor in Florida-specific insurance costs.
- Spot PMI before it surprises you.
- Match the number to what lenders actually quote.
Florida homebuyers pricing in real insurance costs.
Anyone comparing homes in different tax jurisdictions.
Refinance shoppers checking whether the new payment pencils.
Common questions about this tool.
What's PMI and when do I pay it?
+−
Private Mortgage Insurance applies to most conventional loans with less than 20% down. It protects the lender (not you) and usually runs 0.5–1.5% of the loan amount per year. Most lenders drop it automatically once you hit 78% loan-to-value.
Why is homeowner's insurance so high in Florida?
+−
Hurricane and flood exposure. A $500K home in Broward County can run $3K–$6K/year, sometimes more. Budget for this specifically — it's often the difference between affording a home and not.
How are property taxes calculated?
+−
In Florida, roughly the home's assessed value × the millage rate for your county. Homestead exemptions can reduce the taxable value for a primary residence. Check your county's property appraiser for exact numbers.
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