Mortgage on a $300K house in Florida
$1,965 a month with 20% down — $1,614 principal and interest plus $200 property tax and $150 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $200 a month on a $300K home. The typical home in Florida is worth $375,361, so $300K is 20% below the typical price.
$300K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $350 | $1,965 | $84,200 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $350 | $2,279 | $97,700 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $350 | $2,386 | $102,300 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $350 | $2,465 | $105,600 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Alachua County | $298,912 | 0.96% | $2,005 |
| Charlotte County | $298,906 | 0.85% | $1,976 |
| Polk County | $295,509 | 0.73% | $1,946 |
| Jefferson County | $305,552 | 0.62% | $1,919 |
| Duval County | $294,079 | 0.75% | $1,951 |
| Hernando County | $306,116 | 0.67% | $1,933 |
| Gilchrist County | $306,253 | 0.65% | $1,927 |
| Leon County | $291,390 | 0.79% | $1,963 |
| Okeechobee County | $289,216 | 0.74% | $1,949 |
| Levy County | $287,334 | 0.63% | $1,922 |
| Wakulla County | $285,880 | 0.64% | $1,923 |
| Baker County | $314,146 | 0.64% | $1,923 |
32 of 67 Florida counties tracked by Zillow have a typical home value at or below $300K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $300K house in Florida?
About $1,965 a month with 20% down at 7.11%: $1,614 principal and interest, $200 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Florida?
About $84,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Florida?
At Florida's typical effective rate of 0.8%, about $2,405 a year. Rates vary by county and city — see the county pages.