Mortgage Calculator

Use this free mortgage calculator to estimate your monthly payment on a home in St Petersburg, Tampa, or anywhere in Florida. Enter the home price, your down payment, interest rate, and loan term, and the calculator instantly shows what your principal and interest payment would look like, so you can shop for homes in Tampa Bay with a realistic budget in mind.

Keep in mind that your full monthly payment usually includes more than principal and interest. Florida homeowners also pay property taxes, homeowners insurance, and in some cases flood insurance, HOA fees, or private mortgage insurance if your down payment is under 20 percent. When you work with Avalon Group Realty, we help you factor in all of these costs for the specific neighborhoods and properties you are considering, so there are no surprises at closing.

A good rule of thumb is to keep your total housing payment at or below 30 percent of your gross monthly income, and getting pre approved with a lender before you start touring homes makes your offer far stronger in a competitive market. If you need a trusted local lender, we are happy to recommend ones our clients in Pinellas and Hillsborough counties have had great experiences with.

Questions about what you can afford or what homes in your price range look like right now? Call Avalon Group Realty at 727-262-7920 and we will walk you through it, no pressure and no obligation.