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Mortgage Calculator
Calculate your monthly mortgage payment including principal, interest, property taxes, insurance, and PMI. Get a complete picture of your housing costs.
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Your Monthly Payment
$2,523
Principal & Interest$2,023
Property Tax (est.)$333
Home Insurance (est.)$167
Loan Amount$320,000
Total Interest$408,142
Total Cost$728,142
Understanding Your Mortgage Payment
Principal & Interest
The main portion of your payment that goes toward paying off the loan balance and the cost of borrowing.
Property Taxes
Florida property taxes average around 1% of home value annually. Your lender may collect this monthly in escrow.
Home Insurance
Protects your home from damage. Florida rates are higher due to hurricane risk. Budget around 0.5-1% of home value.
PMI
Private Mortgage Insurance is required if your down payment is less than 20%. It protects the lender if you default.