Mortgage on a $600K house in Florida
$3,930 a month with 20% down — $3,229 principal and interest plus $401 property tax and $300 insurance.
Florida's typical property tax is 0.8% of the home's value a year (U.S. average 0.9%), which adds $401 a month on a $600K home. The typical home in Florida is worth $375,361, so $600K is 60% above the typical price.
$600K home in Florida: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $701 | $3,930 | $168,400 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $701 | $4,558 | $195,400 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $701 | $4,773 | $204,500 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $701 | $4,929 | $211,300 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Collier County | $552,087 | 0.63% | $3,842 |
| Walton County | $660,738 | 0.45% | $3,753 |
| Miami-Dade County | $523,240 | 0.81% | $3,933 |
65 of 67 Florida counties tracked by Zillow have a typical home value at or below $600K. See all Florida home prices.
Other prices in Florida
Frequently asked questions
What is the mortgage on a $600K house in Florida?
About $3,930 a month with 20% down at 7.11%: $3,229 principal and interest, $401 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Florida?
About $168,400 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Florida?
At Florida's typical effective rate of 0.8%, about $4,810 a year. Rates vary by county and city — see the county pages.