Mortgage Calculator

Loan Amount ($)

Interest Rate (%)

Loan Term (Years)

Annual Property Tax ($)

Annual Homeowners Insurance ($)

Estimated Monthly Payment

Includes Principal, Interest, Taxes, and Insurance (PITI).

How it works

This calculator uses the standard amortization formula to determine your monthly payment. In Florida, property taxes and insurance can vary significantly depending on your specific location and the age of the property.

Note: Lenders often require Private Mortgage Insurance (PMI) if your down payment is less than 20%, which is not included in this calculation.

Get an Accurate Valuation

Before applying for a mortgage or refinancing, ensure you have an accurate property value. George S. Kimmel provides certified appraisals for homeowners throughout South Florida.

FAQ

What is PITI?

Principal, Interest, Taxes, and Insurance. It represents your total monthly housing cost.

How do taxes work in FL?

Taxes are based on the assessed value. Homestead exemptions can reduce your taxable value significantly.