Florida Mortgage Calculator with Taxes, Insurance & HOA

Most calculators leave out what makes Florida different: insurance, flood coverage, HOA and CDD fees. This one does not. See your real monthly payment, or how much house you can afford in Estero and Southwest Florida.

Home priceDown payment (%)Interest rate (%)Loan term (years)Property tax rate (%)Homeowners insurance (per year)Flood insurance (per year, 0 if not required)HOA (per month)CDD fee (per year, 0 if none)

Estimated monthly payment

Principal & interest$0

Taxes$0per month

Cash to close$0down payment + about 3% closing

Next step

Get real numbers for a real home.

John will send homes that fit this payment, real HOA and CDD figures, current builder incentives, and an intro to a local lender if you want one.

Estimates only, not a loan offer. PMI is estimated at 0.6% a year under 20% down. Affordability uses common 28% / 36% guidelines. Talk to a licensed lender for a real pre-approval.

Florida costs

What makes a Florida payment different

Insurance

Homeowners insurance is often the biggest surprise for buyers from up north. Newer homes with impact windows and a newer roof usually get much better rates. Get a quote before you write an offer.

Flood insurance

If the home is in a high-risk flood zone and you have a mortgage, the lender will require flood insurance. Many newer communities east of I-75 are in lower-risk zones, but always check.

HOA and CDD fees

Most Estero communities have an HOA, and many newer ones also have a CDD (community development district) fee that shows up on your tax bill. Some include golf, cable, internet or lawn care, so compare what you get.

Property taxes and homestead

Taxes on a purchase are based on the new price. If it is your primary home, file for homestead to get up to $50,000 off the assessed value and a 3% cap on yearly assessed-value increases.

Builder tip: new construction builders often pay closing costs or buy down your rate with their own lender. See the builder incentive tracker.

FAQ

Mortgage questions

How much house can I afford in Southwest Florida?

A common guideline is to keep your total housing payment, including taxes, insurance and HOA, under about 28% of gross monthly income, and all debts under about 36%. Use the affordability tab above, then get pre-approved with a lender for your real number.

What property tax rate should I use in Lee County?

For a new purchase, about 1.4% to 2% of the price is a reasonable estimate depending on the community and any CDD. With homestead, your effective rate is lower.

Do I need flood insurance in Estero?

Only if the home is in a high-risk flood zone and you have a mortgage, but many owners buy it anyway. Check the flood zone and get a quote before you make an offer.