Mortgage on a $200K house in Florida
$1,310 a month with 20% down — $1,076 principal and interest plus $134 property tax and $100 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $134 a month on a $200K home. The typical home in Florida is worth $375,361, so $200K is 47% below the typical price.
$200K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $234 | $1,310 | $56,100 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $234 | $1,519 | $65,100 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $234 | $1,591 | $68,200 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $234 | $1,643 | $70,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Florida does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Gadsden County | $199,661 | 0.53% | $1,265 |
| Liberty County | $201,245 | 0.9% | $1,327 |
| Taylor County | $196,856 | 0.65% | $1,285 |
| Madison County | $206,128 | 0.83% | $1,315 |
| Hamilton County | $207,098 | 0.73% | $1,299 |
| Putnam County | $216,313 | 0.78% | $1,306 |
| Dixie County | $217,764 | 0.62% | $1,279 |
| Holmes County | $181,325 | 0.54% | $1,267 |
| Jackson County | $179,815 | 0.5% | $1,260 |
| Washington County | $220,578 | 0.46% | $1,254 |
5 of 67 Florida counties tracked by Zillow have a typical home value at or below $200K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $200K house in Florida?
About $1,310 a month with 20% down at 7.11%: $1,076 principal and interest, $134 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Florida?
About $56,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Florida?
At Florida's typical effective rate of 0.8%, about $1,603 a year. Rates vary by county and city — see the county pages.