Florida mortgage calculators
Seven of them, each on its own page. They carry the things other calculators quietly drop — Florida property taxes, homeowners insurance, HOA dues, and the right mortgage insurance for the actual program. Everything runs in your browser; nothing is sent anywhere.
Choose a tool
Seven calculators
Florida
Mortgage payment calculator
Principal and interest come from standard amortization, but the payment you actually make also includes property tax, homeowners…
Open calculatorFlorida
Mortgage affordability calculator
Take your gross monthly income, multiply by the debt-to-income limit for the program — commonly 45% — and subtract your existing…
Open calculatorFlorida
HELOC calculator
Multiply your home's value by the lender's maximum combined loan-to-value — commonly 85% — then subtract your existing mortgage…
Open calculatorInvestors
DSCR calculator
Divide the property's gross monthly rent by its monthly PITIA — principal, interest, taxes, insurance and association dues. A re…
Open calculatorFlorida
Refinance calculator
Divide your total closing costs by the monthly saving. If costs are $6,500 and the payment drops $289, break-even is roughly 23…
Open calculatorFlorida
Early mortgage payoff calculator
Every extra dollar of principal removes all the future interest that dollar would have carried, so the saving compounds heavily…
Open calculatorFlorida
Rent vs. buy calculator
It depends almost entirely on how long you stay. Buying carries large one-off costs at both ends — closing costs going in, selli…
Open calculatorMethodology
How these calculators work
Published in full, because a number you can't interrogate isn't worth much.
| Component | How it is calculated |
|---|---|
| Principal & interest | Standard level-payment amortization: P × i × (1+i)ⁿ ÷ ((1+i)ⁿ − 1), where i is the annual rate divided by twelve and n is the number of monthly payments. |
| Conventional PMI | Estimated from published industry rate grids by loan-to-value band and credit-score band, then removed automatically once the scheduled balance reaches 78% of the original value — the point at which federal law requires termination. |
| FHA mortgage insurance | A 1.75% upfront premium financed into the loan, plus an annual premium of 0.55% above 95% LTV or 0.50% at or below it on a 30-year term. The annual premium runs for the life of the loan unless the down payment is 10% or more, in which case it ends after 132 payments. |
| VA funding fee | 2.15% on a first use with less than 5% down, 1.50% at 5–9.99% down, 1.25% at 10% or more, and 3.30% on a subsequent use with less than 5% down. Financed into the loan, and zero when the exemption applies. No monthly mortgage insurance at any LTV. |
| Hometown Heroes assistance | 5% of the first mortgage amount, floored at $10,000 and capped at $35,000. Modelled as a 0% non-amortizing second with no monthly payment, applied against both the down payment and closing costs. |
| Affordability | Solved by binary search rather than a closed formula, because property taxes and mortgage insurance both scale with the purchase price. The search finds the highest price whose full housing payment stays inside your back-end and front-end debt-to-income limits. |
| DSCR | Gross monthly rent divided by monthly PITIA — principal, interest, taxes, insurance and association dues — which is the ratio a lender computes. Vacancy, maintenance and management are excluded from that ratio but included in the cash-flow figures, because lenders ignore them and owners cannot. |
| Refinance break-even | Closing costs divided by the monthly saving. Shown alongside a same-term comparison — the new rate amortized over your current remaining term — because a lower payment produced by restarting a 30-year clock is not the same as a saving. |
| Biweekly payments | Twenty-six half-payments a year equals thirteen monthly payments. Modelled as one extra twelfth of a payment applied to principal each month, which produces the identical result at no cost. |
Every figure is an estimate for illustration, not a quote or a commitment to lend. Program parameters are set by third parties — Florida Housing Finance Corporation, HUD/FHA, the U.S. Department of Veterans Affairs and individual wholesale lenders — and change without notice. Mortgage-insurance rate grids vary by insurer. Reviewed August 2026
Questions we get about these numbers
Why is this mortgage payment higher than other calculators show?
Because most calculators show you principal and interest and stop there. A real Florida payment includes property taxes, homeowners insurance — which is not cheap here — HOA dues where they apply, and mortgage insurance whenever you're putting less than 20% down on a conventional loan or using FHA at any loan-to-value. We show all of it, because all of it comes out of your account on the first of the month.
Are the interest rates on this calculator real quotes?
No. The rate field is yours to set, and we've deliberately not pre-loaded a rate that would look like an offer. Your actual rate depends on credit, loan-to-value, occupancy, property type, loan amount, lock period and the day you lock it. Call us and we'll price your specific scenario across our lenders.
How is mortgage insurance estimated?
Conventional PMI is estimated from published industry rate grids by loan-to-value and credit band, and it's removed automatically at 78% loan-to-value of the original value, which is what federal law requires. FHA uses the current upfront premium of 1.75% financed into the loan, plus the annual premium — and, importantly, that annual premium runs for the life of the loan unless you put at least 10% down, in which case it ends after 11 years. VA loans carry no monthly mortgage insurance at all, only the one-time funding fee.
Does this mortgage calculator store or send my information?
No. The math runs entirely in your browser. Your inputs are saved to your own device so the numbers are still there when you come back, and nothing leaves the page unless you press the button that emails your scenario to us.
Can I share a mortgage calculation with my agent or spouse?
Yes — "Copy shareable link" produces a URL with your exact scenario baked into it. Anyone who opens it sees the same inputs and the same answer. There's also a CSV download of the full amortization schedule and a clean print view.
Numbers are a starting point. A pre-approval is an answer.
Send us the scenario you built and we'll tell you what's actually available for it.