🧮 For buyers
The MortgageCalculator
Estimate a complete monthly payment — principal and interest, property taxes, homeowners insurance, PMI, HOA, and flood insurance — not just the loan math. Pick any of the fourteen towns we serve and the calculator prefills its real median price, effective property-tax rate, and a coastal-exposure insurance estimate from the same data behind our interactive map.
Educational guide, not legal, tax, or lending advice. Figures are typical for our Florida markets — programs, rates, and rules change, so verify current numbers with your lender, title company, or county.
Run your numbers
Estimated monthly payment
$2,925/mo
- Principal & interest$2,275
- Property taxes$375
- Home insurance$275
Loan amount
$360,000
Loan-to-value
80%
Total interest (30y)
$459,160
PMI status
None (≥20% down)
Frequently asked questions
What does a full monthly mortgage payment include?
Four to six pieces: principal & interest on the loan, property taxes (escrowed monthly), homeowners insurance, PMI if you put less than 20% down on a conventional loan, plus HOA/condo fees and — in flood zones — flood insurance. Payment quotes that only show principal & interest understate coastal Florida reality.
Why does the calculator prefill different insurance for different towns?
Because coastal exposure drives Florida premiums: a barrier-island home carries wind risk an inland Orlando or Clermont home does not. The prefills use the same 1–5 insurance-exposure tiers as our interactive map — they are planning estimates, and real quotes depend on the specific roof, construction, and mitigation features.
How accurate are the property-tax prefills?
They are effective-rate approximations per town from our living-guide data — useful for comparing markets. Your actual bill depends on assessed value, your homestead exemption, and the Save Our Homes cap, which usually make taxes lower for owner-occupants than the raw rate suggests.
What is PMI and when does it go away?
Private mortgage insurance protects the lender on conventional loans with less than 20% down — figure roughly 0.3–1% of the loan per year. It can be removed once you reach 20% equity (and drops automatically at 22%). FHA mortgage insurance works differently and often lasts the life of the loan.
Should I use 30-year or 15-year numbers?
A 15-year loan carries a higher payment but dramatically less total interest — toggle both in the calculator and look at the "total interest" line. Most first-time coastal buyers choose 30-year for payment flexibility and prepay when they can.
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