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Mortgage Calculator

Estimate your monthly payment — principal, interest, taxes, insurance & HOA — in seconds.

This calculator estimates your monthly Orlando mortgage payment — principal, interest, taxes, and insurance — so you know what you can afford before you shop. Move the sliders to match a real home price and rate, and the payment updates live.

Your numbers

$450,000
$90,000 · 20%
6.5%
Adjust any field — results update live.

Estimated payment

Per month
$2,845/mo
82%P & I
Loan amount$360,000
Total interest$459,000
Talk to Mourad Find homes

How to use it

  1. Set your home price and down payment. Drag the sliders to a price you're considering — 20% down avoids mortgage insurance, but you can model any amount.
  2. Enter your interest rate and pick a loan term. Ask a lender for today's rate; 30-year keeps the payment low, 15-year pays off faster.
  3. Add property tax, insurance, and any HOA. The defaults are Orlando-area ballparks — replace them with real numbers from a listing for a sharper estimate.
  4. Read the monthly total. The donut breaks your payment into principal & interest, taxes, insurance, and HOA so you can see where the money goes.

What's included in your payment

Your monthly number is more than the loan. This calculator adds up the four pieces lenders call PITI, plus HOA:

Principal & interestThe loan itself. Principal pays down what you borrowed; interest is the lender's charge. This is the part your rate and term control.
Property taxesIn Florida there's no state income tax, but counties fund services through property taxes set by the local millage rate. Orange, Lake, and Osceola counties each set their own — your bill depends on the home's assessed value and where it sits.
Homeowners insuranceFlorida premiums run higher than the national average because of hurricane and flood exposure. Budget more than you would up north, and get a real quote before you commit.
HOA & CDDMany Central Florida communities charge monthly HOA dues, and newer developments often add a CDD assessment that funds roads and amenities. Both can change the affordable price meaningfully — ask before you fall for a home.

Mortgage calculator FAQ

How much house can I afford?

A common guide is to keep your total monthly housing payment near 28–30% of your gross monthly income. Set that as your target in the "Estimated payment" box, then adjust the home price slider until the monthly number lands there. A lender pre-approval confirms the real ceiling, and Lina can pull homes that fit it.

What is PITI?

PITI stands for principal, interest, taxes, and insurance — the four parts of a typical mortgage payment. This calculator shows all four, and adds HOA dues on top when you enter them, so the monthly total reflects what you'll actually pay.

How much down payment do I need?

It depends on the loan. Putting 20% down lets you skip private mortgage insurance, but many buyers use FHA loans at 3.5% down or conventional loans at 3–5%. Move the down payment slider to see how it changes your monthly cost and loan amount.

Does this include taxes and insurance?

Yes. The monthly estimate folds in property taxes and homeowners insurance along with principal and interest — and HOA if you add it. The figures are estimates, not a loan offer; a licensed lender gives you exact numbers.

Next steps

Buy a home in OrlandoStart your search and see what your budget buys across Central Florida. Homes in OrlandoBrowse neighborhoods, prices, and listings in the city of Orlando. Homes in Winter GardenExplore one of west Orange County's most popular family areas. Homes in ClermontSee listings and prices in Lake County's fast-growing Clermont.
Estimates only — not a loan offer or commitment to lend. Actual rates, taxes, insurance & PMI vary. Consult a licensed lender. SLA Realty Group · Mourad Elbanna, REALTOR®.