Mortgage on a $250K house in Florida
$1,637 a month with 20% down — $1,345 principal and interest plus $167 property tax and $125 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $167 a month on a $250K home. The typical home in Florida is worth $375,361, so $250K is 33% below the typical price.
$250K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $292 | $1,637 | $70,200 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $292 | $1,899 | $81,400 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $292 | $1,989 | $85,200 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $292 | $2,054 | $88,000 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| De Soto County | $250,420 | 0.83% | $1,644 |
| Bradford County | $252,646 | 0.55% | $1,585 |
| Union County | $256,560 | 0.58% | $1,591 |
| Glades County | $257,042 | 0.85% | $1,648 |
| Lafayette County | $262,301 | 0.55% | $1,585 |
| Hardee County | $235,001 | 0.82% | $1,642 |
| Suwannee County | $266,652 | 0.71% | $1,618 |
| Columbia County | $267,659 | 0.74% | $1,624 |
| Marion County | $267,911 | 0.74% | $1,625 |
| Citrus County | $268,688 | 0.58% | $1,592 |
| Highlands County | $231,284 | 0.72% | $1,620 |
| Hendry County | $270,219 | 0.8% | $1,637 |
13 of 67 Florida counties tracked by Zillow have a typical home value at or below $250K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $250K house in Florida?
About $1,637 a month with 20% down at 7.11%: $1,345 principal and interest, $167 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Florida?
About $70,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Florida?
At Florida's typical effective rate of 0.8%, about $2,004 a year. Rates vary by county and city — see the county pages.