Mortgage on a $350K house in Florida
$2,292 a month with 20% down — $1,884 principal and interest plus $234 property tax and $175 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $234 a month on a $350K home. The typical home in Florida is worth $375,361, so $350K is 7% below the typical price.
$350K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $409 | $2,292 | $98,200 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $409 | $2,659 | $114,000 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $409 | $2,784 | $119,300 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $409 | $2,875 | $123,200 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Flagler County | $350,266 | 0.76% | $2,282 |
| Santa Rosa County | $350,823 | 0.57% | $2,226 |
| Okaloosa County | $352,929 | 0.57% | $2,226 |
| Bay County | $343,009 | 0.58% | $2,228 |
| Brevard County | $342,346 | 0.68% | $2,257 |
| Osceola County | $359,224 | 0.76% | $2,281 |
| Lake County | $360,055 | 0.76% | $2,281 |
| Indian River County | $363,705 | 0.69% | $2,261 |
| Clay County | $335,274 | 0.72% | $2,268 |
| Lee County | $334,485 | 0.79% | $2,289 |
| Pinellas County | $368,917 | 0.7% | $2,262 |
| Saint Lucie County | $370,781 | 0.93% | $2,331 |
42 of 67 Florida counties tracked by Zillow have a typical home value at or below $350K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $350K house in Florida?
About $2,292 a month with 20% down at 7.11%: $1,884 principal and interest, $234 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Florida?
About $98,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Florida?
At Florida's typical effective rate of 0.8%, about $2,806 a year. Rates vary by county and city — see the county pages.