Florida Mortgage Payment Calculator
Estimate your total monthly payment including principal, interest, taxes, insurance, HOA, and CDD — all the costs Florida builders don't always mention upfront.
Loan Details
$150K$1.5M
0%30%
3%10%
0.5%2.5%
$1,000$8,000
$0$500
$0$6,000
Total Monthly Payment
$3,414
Loan: $405,000 at 6.5% for 30 years
Monthly Breakdown
Principal & Interest
$2,560Property Tax
$413Insurance
$200HOA
$75CDD
$167Total$3,414
Florida Homestead Exemption
If this is your primary residence, Florida's $50,000 homestead exemption reduces your taxable value — saving approximately $550/year (~$46/month). At a 1.1% tax rate, that's roughly $1,100/year back in your pocket. File with your county Property Appraiser by March 1 of the year after closing.
Florida-Specific Notes
- CDD:Community Development Districts fund infrastructure (roads, ponds, amenities) in new communities. This is added to your tax bill — not optional.
- Insurance:FL premiums run higher than national averages. New construction qualifies for wind-mitigation credits that can reduce premiums 20-40%.
- No state income tax:Florida has no state income tax, which means more take-home pay toward your mortgage.
Get Pre-Approval Guidance
Barrett connects you with trusted local lenders who know new construction financing inside and out — including builder incentive programs that can buy down your rate.
Barrett Henry, REALTOR® — REMAX Collective