Mortgage Calculator
Estimate your monthly payment for new construction homes in Florida. Includes taxes, insurance, HOA, and PMI.
Loan Details
$150K$1.5M
0%30%
* PMI required for down payments under 20%
3%10%
Advanced Options
Estimated Monthly Payment
$3,472
Loan Amount: $405,000
Payment Breakdown
Principal & Interest$2,560
Property Taxes$413
Homeowners Insurance$131
HOA Fees$200
PMI$169
Total Monthly$3,472
Visual Breakdown
Principal & Interest73.7%
Property Taxes11.9%
Insurance3.8%
HOA5.8%
PMI4.9%
Understanding Your Payment
Florida Property Taxes
Florida property taxes average about 0.89% statewide, but can vary by county. New construction may have lower taxes initially due to homestead exemptions.
Builder Incentives
Many builders offer rate buydowns, closing cost assistance, or design credits. These can significantly reduce your monthly payment.
HOA & CDD Fees
Most new construction communities have HOA fees. Some also have CDD (Community Development District) fees that fund infrastructure.
PMI
Private Mortgage Insurance is typically required with less than 20% down. It can be removed once you reach 20% equity.