Affordability tool

Can I afford it? Run your own Florida numbers.

Start from the monthly budget you're comfortable with, or from a price you've seen. Add Florida's real costs: property tax, homeowners or HO-6 insurance, flood insurance and HOA dues.

Private by design: nothing you type here is sent anywhere or saved. It all runs in your browser and disappears when you close the page.

Start from my budgetFind a price range that fits a monthly payment Start from a priceSee the full monthly cost of a home you found

Your numbers

Household income per year (optional)$Only used on this page to show your debt-to-income ratios. Never sent or saved.Monthly debt payments$Car, student loans, card minimums. Not rent or utilities.

Monthly housing budget (everything)$Principal, interest, taxes, insurance, flood, HOA and PMI combined.

Home price$

Your down payment$Cash you'll put down, in dollars. Include down payment assistance

Assistance amount$Enter an amount you've been told about. Assistance is often a second loan with its own terms, and approval and funding are never guaranteed. See Hometown Heroes & down payment assistance for what may be available, or browse every state, county and city program in the down payment assistance finder.

The loan

Interest rate (enter yours)%There's no default rate here. Use a rate you've been quoted.Loan term

Estimate mortgage insurance (PMI) when the loan is over 80% of the price

PMI estimate (yearly, % of loan)%PMI depends on credit, down payment and program. FHA uses its own mortgage insurance.

Florida costs

Property type County (for a typical tax rate)

Pick a county for a typical rate, or type your own.

Property tax per year$A rough estimate. See how Florida property tax works below.Homeowners insurance per year$

Flood insurance per year$Check the property on FEMA's flood map and ask an insurance agent for a quote.HOA / condo dues per month$

Estimated price you can target

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Enter a budget, a down payment and the interest rate you were quoted.

Home price: —
Loan amount: —
Down payment: —
Principal & interest: —
Property tax: —
Homeowners insurance: —
Flood insurance: —
HOA / condo dues: —
Mortgage insurance: —
Total per month: —

Estimates only, not a loan offer. This isn't a rate quote, a pre-approval or a commitment to lend. Your actual rate, payment, taxes, insurance and mortgage insurance depend on your credit, the loan program, the property and current pricing. Nothing in this tool is sent anywhere.

Book a call Get a custom quote

How the numbers work

What's behind the estimate

Property tax in South Florida

Florida property tax is set by millage, dollars per $1,000 of taxable value, and every city and district adds its own piece. Taxable value is the assessed value after exemptions such as homestead, not the price you pay. After a sale the assessment is usually reset, so the seller's current bill can be lower than yours will be. Non-ad valorem assessments (like fire or solid waste fees) can be added on top. That's why the tool uses a percent of price only as a rough first estimate.

Broward: 2025 total millage ran from 16.28 mills (Weston (South hospital district)) to 23.19 mills (Lauderdale Lakes), about 1.63% to 2.32% of taxable value. The preset (1.97%) is the middle of that range, labeled typical, not your bill. Source: Broward County Property Appraiser, 2025 Final Millage Rates.
Miami-Dade: 2025 total millage ran from 14.94 mills (part of North Miami Beach) to 24.32 mills (Biscayne Park), about 1.49% to 2.43% of taxable value. The preset (1.96%) is the middle of that range, labeled typical, not your bill. Source: Miami-Dade Property Appraiser, 2025 Adopted Millage Rates.
Palm Beach: the appraiser lists each taxing authority's rate separately, so there's no single typical number here. Type your own estimate. Source: Palm Beach County Property Appraiser, tax rates.

Insurance and flood

For a house, use a homeowners insurance quote. For a condo, the association insures the building, and you usually need an HO-6 policy for the inside of your unit. Flood insurance is separate from both. Lenders require it in high-risk flood zones, and it's worth pricing anywhere in South Florida. Look up the address on FEMA's Flood Map Service Center. Buying a condo? The Florida Condo Hub shows the FEMA zone and HUD FHA status for South Florida buildings.

Down payment assistance

If you turn on assistance, the tool subtracts the amount you enter from the first mortgage. Many programs are second loans with their own repayment terms, and limits, eligibility and funding vary. The tool doesn't include any payment on the assistance itself. See Hometown Heroes & down payment assistance for what may be available, or browse every state, county and city program in the down payment assistance finder.

Debt-to-income

Your debt-to-income ratio is your monthly debt payments divided by your gross monthly income. Different loan products and lenders use different limits (CFPB). The tool shows the ratios so you can see where you stand. It doesn't decide anything. To list every debt and see what paying one off changes, use the DTI calculator.

General information, not a commitment to lend. All loans are subject to credit approval, underwriting guidelines, property eligibility and program availability.