Florida Mortgage Calculator
Calculate your monthly mortgage payment for homes in Florida, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Florida is different
Florida has no state income tax and relies heavily on sales tax and tourism-based revenue.
State Income Tax
None
Base Sales Tax
6%
State Min Wage
$12.00 / hr
Abbreviation
FL
Florida Mortgage Interactive Tool
This calculator uses the latest 2026 data for Florida, including the minimum wage of $12.00 and the specific lack of a state income tax.
Frequently Asked Questions about Florida Mortgage
How much are typical closing costs in Florida?
Closing costs in Florida typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Florida?
Buying a home in Florida requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.