Florida Mortgage Calculator

Understanding Mortgage Rates in Florida

Florida mortgage rates vary based on your credit score, loan type, and down payment. As of 2026, average Florida mortgage rates are around 6.4% for a 30-year fixed loan. Use our calculator above to see how different rates and home prices affect your monthly payment.

How Property Taxes Work in Florida

Florida has an average property tax rate of 0.89%. Property taxes are typically included in your monthly mortgage payment as part of PITI (Principal, Interest, Taxes, and Insurance).

How to Get the Best Mortgage Rate in Florida

• Improve your credit score - A score of 740+ typically gets the best rates
• Save for a larger down payment - 20%+ down can lower your rate and eliminate PMI
• Compare multiple lenders - Rates vary between lenders by 0.25-0.5%
• Consider different loan types - FHA, VA, and USDA loans offer lower rates for qualifying buyers

Florida First-Time Homebuyer Programs

Florida offers several first-time homebuyer programs including down payment assistance, reduced interest rates, and tax credits. Check with your local housing authority for specific programs available in Florida.