Florida cost of ownership

What will this property actually cost per month?

The price tells you one number. Property tax, insurance, the association fee and — in a condominium — the chance of a special assessment tell you another. Put in your own figures and see the month, not the sticker.

Property priceDown payment — 30% · $135,000

Mortgage rate, %Term, years

Property tax rate, %Insurance, per year

HOA / condo fee, per monthClosing costs, %

Buyer-side costs in Florida usually land between 2% and 5% of the price.This will be my primary homeOnly a primary residence gets the homestead exemption and the cap on assessment growth. A second home or a rental pays on the full purchase price.

Possible special assessment, totalspread over, months

Since the 2022 law, condominium buildings must run milestone inspections and fund structural reserves. In older coastal buildings a one-off assessment is common — try a number and see what it does.

Every month

$3,766

Mortgage$1,991
Property tax$675
Insurance$350
HOA fee$750

Cash needed at closing

$148,500

Down payment$135,000
Closing costs$13,500

The price says one thing. This is what the month looks like.

An estimate from your own numbers, not a quote and not a loan offer. Actual property tax, insurance and association fees depend on the specific property, county, building and lender — I check them before you make an offer.