Central Florida Home Affordability Calculator
Orange · Seminole · Lake · Volusia counties — real numbers with FL taxes, insurance & PMI built in.
Your numbers
Defaults reflect typical Central FL figures (2026). Edit any field — FL insurance and HOA vary widely by community. Your mortgage is only part of the picture: see the hidden costs of owning a home in Florida.
Your estimated payment
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Brenden Rendo & The Homes In Orlando Team — local specialists across Orange, Seminole, Lake & Volusia.
Browse Central FL Homes Email Me Matching Homes Call 407-616-9019Closing costs are the other number
The payment above is only half of what you need at the table. Closing costs on a Central Florida purchase often run several thousand dollars on top of your down payment, for lender fees, title, and prepaid taxes and insurance.
Buyers working with The Homes In Orlando Team can receive a credit of up to $1,500 toward those costs, applied at settlement. The amount is set by your purchase price and is subject to your lender's contribution limits.
See the Closing Cost CertificateFrequently Asked Questions
How is my monthly mortgage payment calculated?
Your estimate adds five parts: principal and interest on the loan, property taxes, homeowners insurance, PMI if your down payment is under 20%, and any HOA dues. Principal and interest use a standard amortized loan formula based on your rate and term.
How much house can I afford in Central Florida?
A common guideline is the 36% rule: your total monthly debts, including the new mortgage, should stay at or below 36% of your gross monthly income. Enter your income, existing debts, and down payment in the affordability tab to see an estimated maximum home price.
What are typical property taxes and insurance costs in Central Florida?
The calculator defaults to about 1.0% of the home's price per year for property tax and $3,500 per year for homeowners insurance, which are typical Central Florida figures for 2026. Both vary by property and community, so adjust them for your situation. For a full breakdown, see Florida homeownership cost statistics for 2026.
Do I need 20% down to buy a home?
No. Many buyers put down less. If your down payment is under 20%, lenders typically add private mortgage insurance (PMI), estimated here at about 0.55% of the loan per year. PMI usually drops off once you reach 20% equity.
Which areas does this calculator cover?
It is built for Central Florida buyers across Orange, Seminole, Lake, and Volusia counties. The Homes In Orlando Team can help you find and finance a home in any of these four counties.