Mortgage on a $450K house in Florida
$2,947 a month with 20% down — $2,422 principal and interest plus $301 property tax and $225 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $301 a month on a $450K home. The typical home in Florida is worth $375,361, so $450K is 20% above the typical price.
$450K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $526 | $2,947 | $126,300 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $526 | $3,419 | $146,500 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $526 | $3,580 | $153,400 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $526 | $3,697 | $158,400 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Martin County | $448,233 | 0.77% | $2,935 |
| Palm Beach County | $475,754 | 0.86% | $2,970 |
| Broward County | $422,344 | 0.94% | $2,999 |
| Franklin County | $422,234 | 0.63% | $2,884 |
| Nassau County | $484,963 | 0.71% | $2,911 |
| Manatee County | $408,269 | 0.78% | $2,939 |
| Saint Johns County | $492,987 | 0.76% | $2,932 |
| Gulf County | $403,845 | 0.63% | $2,883 |
| Orange County | $400,964 | 0.76% | $2,932 |
| Seminole County | $400,341 | 0.67% | $2,899 |
| Sarasota County | $399,023 | 0.75% | $2,930 |
| Sumter County | $387,784 | 0.78% | $2,940 |
60 of 67 Florida counties tracked by Zillow have a typical home value at or below $450K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $450K house in Florida?
About $2,947 a month with 20% down at 7.11%: $2,422 principal and interest, $301 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Florida?
About $126,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Florida?
At Florida's typical effective rate of 0.8%, about $3,607 a year. Rates vary by county and city — see the county pages.