How much house can I afford in Florida?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

Not your state? Find your calculator here.

Florida at a glance

Median home price
$425,000
Typical closing costs
2%–5% of price
Transfer tax
0.7% of sale price, customarily paid by seller
Closing custom
varies
Homestead exemption
Florida's homestead exemption exempts up to $50,000 of assessed value: the first $25,000 applies to all taxes including school district tax; an additional $25,000 (on the portion of assessed value between $50,000-$75,000) applies to all taxes EXCEPT school district tax. Combined with the 'Save Our Homes' cap, which limits annual increases in assessed (not market) value to the lesser of 3% or the change in CPI (2.9% for the 2025 tax roll), this can create a large and growing gap between assessed and market value over time. Also provides constitutional creditor/judgment protection on the homestead. A ballot measure to raise these amounts to $150,000/$250,000 was pending as of this research and is NOT yet law — only the current $25,000/$25,000 figures are used here.

First-time buyer / down payment assistance programs

  • Florida Hometown Heroes Housing Program

    Florida Housing Finance Corporation program offering down payment and closing cost assistance up to $35,000 as a 0%-interest deferred second mortgage (repaid at sale, refinance, or when the home is no longer a primary residence) for frontline/essential workers — teachers, nurses, first responders, military/veterans, and roughly 50 other qualifying occupations — buying a primary residence.

  • FL Assist

    Statewide Florida Housing Finance Corporation down payment assistance program: a deferred, 0%-interest second mortgage up to $10,000 with no monthly payment, repaid at sale, refinance, or payoff of the first mortgage.

  • Florida Homeownership Loan Program (FL HLP)

    Florida Housing Finance Corporation second-mortgage down payment assistance of $12,500, at a 3% fully-amortizing fixed rate over a 30-year term with a small monthly payment; cannot be combined with Hometown Heroes.

Continue calculating

Mortgage payment calculator

Estimated all-in monthly payment for a home price you have in mind.

First-time buyer programs

Check which down payment assistance programs you likely qualify for.

Take-home pay calculator

What actually reaches your account after federal tax, FICA, and your state's own brackets — with local income tax disclosed rather than guessed at.

Related reading

Closing Costs in Florida: What You'll Actually Pay

9 min read

Florida taxes the deed and the loan separately. Here's what closing on a $425,000 Florida home really costs, and why the mortgage stamps add $1,870.

What Is PMI, and How Do You Get Rid of It?

15 min read

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

$4.99

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

$4.99

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.