Mortgage
Estimate your monthly payment
Enter the numbers for a home you are considering. The estimate updates as you type, so you can compare homes on the same terms.
Enter it in dollars or as a percent. The other box updates.
Enter the rate you were quoted. The grey numbers are only examples.
Taxes, insurance, HOA and PMI
In dollars, or as a percent of the home price. The county property appraiser publishes the current tax for each property.
Private mortgage insurance usually applies to conventional loans with less than 20% down. The calculator only adds it when the down payment is under 20%. Your loan officer quotes the actual rate.
| Year | Principal paid | Interest paid | Remaining balance |
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This is an estimate for comparing homes, not a loan offer or a rate quote. It does not include closing costs or special assessments.
About the rate
Mortgage rates change every week. Freddie Mac publishes its Primary Mortgage Market Survey every Thursday at 12 p.m. Eastern time, with weekly averages for 30-year and 15-year fixed loans. Your own rate depends on your credit, down payment and loan type, so check the survey yourself and ask a licensed loan officer for a quote.
About Florida property tax
According to the Florida Department of Revenue, a home that is your permanent residence may be eligible for a homestead exemption of up to $50,000, and the application, Form DR-501, goes to the county property appraiser by March 1 of the tax year. The tax a seller pays today may change after you buy, so check with the county property appraiser yourself.
Why Florida Relocation Desk
Talk to us before you talk to a lender
A mortgage is easier to choose once you know where you want to live and what that area costs to own. That is the part we work on.
01
Your payment, next to the areas you are comparingOur comparison report sets the published numbers for the areas on your list side by side, so you can see how the cost of owning differs from one area to the next before you choose a home.02
A loan comparisonSend us the Loan Estimates you receive and we set them side by side on the same terms, so the differences in rate, points, fees and cash to close are easy to see.03
The questions, before the first callWe send you the questions worth raising before you apply: rate and points, cash to close, condo and HOA approval, and what changes when you are moving from another state or another country.04
In English or Portuguese, free for buyersEverything we send is in English or Portuguese. Buyers are never charged, and we never ask for a credit card or any payment details.Florida costs at closing
Two Florida taxes on the mortgage itself
According to the Florida Department of Revenue, a mortgage on Florida property carries a documentary stamp tax of 35 cents for every $100 of the amount, with no cap on the tax for mortgages.
According to the Florida Statutes, section 199.133, a one-time nonrecurring intangible tax of 2 mills, that is 0.2%, applies to loans secured by a mortgage on Florida real property.
Both appear among your closing costs. Check the current rates with the Florida Department of Revenue yourself, and look for them on your Loan Estimate.
On the loan in the calculator
This is not your full cash to close. Other closing costs, such as title, recording and lender fees, are on your Loan Estimate.
Your Loan Estimate
Compare lenders on the same form
According to the Consumer Financial Protection Bureau, a Loan Estimate is a three-page form you receive after applying for a mortgage, and the lender must provide it within three business days of receiving your application. The CFPB also says all lenders are required to use the same standard form, which makes loans easier to compare. You can read the CFPB’s explanation yourself.
Before you apply
Questions to ask a loan officer
- What rate and points are you quoting, and for how long is the rate locked?
- What is my total cash needed at closing, including the down payment?
- Is this condo or community approved for the loan type I want?
- How does the insurance cost for this property affect my approval?
- Do you lend to buyers moving from another country, and which documents do you need?
- Can income from outside the U.S., or a short U.S. credit history, be used?
- What down payment does this loan require, and is mortgage insurance included?
- Which fees on my Loan Estimate can I shop for?
Questions
Mortgage questions buyers ask
How much are the Florida taxes on a mortgage?
According to the Florida Department of Revenue, a mortgage on Florida property carries a documentary stamp tax of 35 cents for every $100 of the amount, with no cap for mortgages. According to the Florida Statutes, section 199.133, a one-time nonrecurring intangible tax of 2 mills, that is 0.2%, also applies. On a $300,000 loan that is $1,050 plus $600. Check the current rates with the Florida Department of Revenue yourself.
Do I need 20% down?
According to the Consumer Financial Protection Bureau, lenders generally require private mortgage insurance (PMI) if the down payment is less than 20 percent of the sales price or the appraised value of the home. Ask a licensed loan officer which loan programs fit your situation, and read the CFPB’s guidance yourself.
When do I get a Loan Estimate?
According to the Consumer Financial Protection Bureau, the lender must provide a Loan Estimate within three business days of receiving your application, and all lenders are required to use the same standard form, which makes loans easier to compare.
What is the Florida homestead exemption?
According to the Florida Department of Revenue, a home that is your permanent residence may be eligible for a homestead exemption of up to $50,000. The application, Form DR-501, goes to the county property appraiser by March 1 of the tax year. Check the details with your county property appraiser.
How often do mortgage rates change?
Rates move with the market. Freddie Mac publishes its Primary Mortgage Market Survey every Thursday at 12 p.m. Eastern time, with weekly averages for 30-year and 15-year fixed loans. Your own rate depends on your credit, down payment and loan type.
Does Florida Relocation Desk lend money?
No. Florida Relocation Desk is not a lender and does not make loans. We compare the areas you are considering, prepare the questions to ask, and set the Loan Estimates you receive side by side.
Is your help free?
Yes, it is free for buyers. We never ask for a credit card or any payment details.
Florida Relocation Desk
Mortgage · Relocation market analysis
The numbers first. The decision is yours.
We help you see what each area costs to own before you talk to a lender.
A RESEARCH DESK, NOT A LENDER
How we help with your mortgage
A loan is easier to choose once you know the area and what it costs to own there. The numbers come first, so the financial side of the decision is as clear as the personal one.
- A cost-of-owning comparison.The areas you are considering, with published prices and property taxes set side by side, so you can see what each one costs to own. Delivered as a written report.
- The questions to ask before you apply.Rate and points, cash to close, condo approval, and what changes when you are moving from another state or another country.
- A loan comparison.The Loan Estimates you receive, set side by side on the same terms: rate, points, monthly payment and cash to close.
Free for buyers.We never ask for a credit card or any payment details.
Let's find your place in Florida.