Orlando mortgage calculator
What a Orlando mortgage costs each month, how long it runs, what it costs in total, and how much sooner it ends if you pay a little more. Built on monthly compounding and the 30-year fixed loan, and it charges you private mortgage insurance for exactly as long as the law lets a lender charge it — which is the line most calculators leave out.
The purchase
20.0% down. The minimum on this price is $11,255.
A US lender qualifies you on debt-to-income rather than at a stress-test rate, so this payment is the payment. What varies is the rate you are quoted: credit score, points paid at closing and the lender itself move it by more than half a point.
The contract length, not the amortization. At the end of it you renew at whatever rates are then available.
Paying it down faster
Most lenders cap annual prepayments at 10–20% of the original principal, and charge a penalty above it. Check your own commitment before planning around a large lump sum.
Where the money goes, year by year
Early payments are almost all interest. The crossover — the year principal finally exceeds interest — is the real shape of an amortized loan, and it is much later than most people expect.
Show the first two years of the schedule
| Payment | Amount | Interest | Principal |
|---|---|---|---|
| 1 | $1,930.77 | $1,668.28 | $262.49 |
| 2 | $1,930.77 | $1,666.82 | $263.95 |
| 3 | $1,930.77 | $1,665.35 | $265.42 |
| 4 | $1,930.77 | $1,663.88 | $266.89 |
| 5 | $1,930.77 | $1,662.39 | $268.38 |
| 6 | $1,930.77 | $1,660.90 | $269.87 |
| 7 | $1,930.77 | $1,659.40 | $271.37 |
| 8 | $1,930.77 | $1,657.89 | $272.88 |
| 9 | $1,930.77 | $1,656.38 | $274.39 |
| 10 | $1,930.77 | $1,654.85 | $275.92 |
| 11 | $1,930.77 | $1,653.32 | $277.45 |
| 12 | $1,930.77 | $1,651.78 | $278.99 |
| 13 | $1,930.77 | $1,650.22 | $280.55 |
| 14 | $1,930.77 | $1,648.67 | $282.10 |
| 15 | $1,930.77 | $1,647.10 | $283.67 |
| 16 | $1,930.77 | $1,645.52 | $285.25 |
| 17 | $1,930.77 | $1,643.94 | $286.83 |
| 18 | $1,930.77 | $1,642.34 | $288.43 |
| 19 | $1,930.77 | $1,640.74 | $290.03 |
| 20 | $1,930.77 | $1,639.13 | $291.64 |
| 21 | $1,930.77 | $1,637.50 | $293.27 |
| 22 | $1,930.77 | $1,635.87 | $294.90 |
| 23 | $1,930.77 | $1,634.24 | $296.53 |
| 24 | $1,930.77 | $1,632.59 | $298.18 |
Derived from the figures above, not a lender's statement. A real schedule also depends on your closing date and the lender's rounding.
Florida taxes the loan, not just the house
This is the part that surprises buyers from anywhere else, and it is the reason this page exists separately from the Charlotte one. Florida charges a documentary stamp tax on the promissory note at 35 cents per $100 and a non-recurring intangible tax on the mortgage itself at 2 mills — together 0.55% of the amount you borrow, payable in cash at closing. On the $375,175 typical Orlando home with 20% down that is a $300,140 loan and about $1,651 in tax on the borrowing alone. Put less down and it gets larger, which inverts the usual advice: here a smaller down payment costs you more at the table as well as more every month.
The other stamp — 70 cents per $100 on the deed — is the seller's by convention here, at the standard Florida rate. Orange County is not Miami-Dade, which is the one county in the state that charges differently; it matters to you when you come to sell rather than when you buy.
PMI is the number to watch, not the rate
If you put down less than 20% the lender adds private mortgage insurance to the payment. It insures the lender, not you, and on the $375,175 typical Orlando home it works out like this. At 5% down — a $356,416 loan — a representative rate is about 0.67% of the loan a year, or $199 a month. Federal law makes the lender terminate it automatically when the scheduled balance first reaches 78% of the purchase price, which on a 30-year loan at 6.67% happens in month 138. That is eleven and a half years and about $27,500 of payments that buy you no equity at all.
Two things shorten it. You can ask the lender to cancel at 80% rather than wait for 78%, which is a right under the Homeowners Protection Act if you are current on the loan — and paying extra principal gets you there faster, because the trigger is the balance on the schedule rather than what the house is worth. The calculator above moves the termination month when you add an extra payment, which is the honest way to show what prepayment is actually worth at a low down payment.
The rate you are quoted is a personal number
This is the biggest difference from the Canadian pages on this site. There, CMHC publishes one premium schedule for the whole country and a lender either applies it or does not. Here the mortgage insurer prices you individually, mostly on credit score, and the same 5%-down loan can be quoted anywhere from about 0.4% to 1.3%. The bands used above are mid-market for a borrower around a 740 score. Yours will be different, and it is worth getting a real quote before treating any of these totals as yours.
Monthly compounding, and why the Canadian number would be wrong
An American fixed-rate mortgage compounds monthly: the periodic rate is simply the annual rate divided by twelve. Canadian mortgages compound twice a year, which makes the same nominal rate slightly cheaper. On a $300,140 loan at 6.67% over 30 years the American payment is $1,930.77 and the Canadian convention would give $1,912.74 — $18 a month, or about $6,500 over the life of the loan. This site runs both, and no page borrows the other country's arithmetic.
A biweekly plan is thirteen payments, not clever compounding
Paying half the monthly payment every two weeks means twenty-six half-payments a year, which is thirteen monthly payments' worth of money instead of twelve. On the benchmark loan with 20% down that takes a 30-year mortgage to about 24 years and saves roughly $90,600 in interest. There is nothing magic in it — it is simply paying about 8% more every year — and you can get the identical result by adding a twelfth of the payment to each monthly one, without a servicer's enrollment fee.
What this cannot tell you
The payment above is principal and interest, plus PMI where it applies. Your actual monthly bill will include property tax and insurance, which the lender will usually escrow: on a $375,175 house that is about $504 a month in tax at the 1.61% effective rate and $310 in homeowners insurance, so closer to $2,744 all in at 20% down.
Three Orlando-specific things it cannot tell you at all. A community development district assessment, which on much of the newer housing in this metro runs $1,200 to $3,000 a year, appears on no millage table and is therefore in no figure on this page. It is the single largest hidden cost in central Florida and the reason the Lake Nona guide exists. An association fee, which in a master-planned neighbourhood here is often on top of that assessment rather than instead of it. And the fact that a homesteaded assessment resets to what you paid the January after you buy, so the seller's tax bill is no guide to yours. For the full comparison against renting, use the rent versus buy calculator.
Sources
- Zillow Home Value Index (ZHVI), all homes, mid-tier, smoothed and seasonally adjusted — city file, June 2026 · Zillow Research · retrieved Supports: A typical home value for the 35th to 65th percentile of each municipality's market, computed on one method across all twenty-four, Year-over-year change to June 2026, which is negative in twenty-two of the twenty-four, The same series and month the Charlotte metro pages use, so the two American metros can be read against each other
- Zillow Observed Rent Index (ZORI), all homes, smoothed — city file, June 2026 · Zillow Research · retrieved Supports: A repeat-rent index of asking rents across the whole rental stock, single-family homes included, Municipality-level rent measured on one method across the metro, for twenty-three of the twenty-four
- 2025 Orange County Final Tax Rates · Orange County Property Appraiser, via the Florida Department of Revenue Property Tax Data Portal · retrieved Supports: Orange County general at 4.4347 mills, the library at 0.3748 and the St Johns River Water Management District at 0.1793, School state and local levies totalling 6.449 mills, Municipal rates from Windermere's 3.7425 to Eatonville's 7.2938
- Final 2025 Millage Rates, fiscal year 2025-26 · Seminole County Property Appraiser · retrieved Supports: Total millage by taxing authority for every Seminole municipality, from Lake Mary's 14.3929 to Casselberry's 18.1808, School required local and discretionary levies totalling 5.2490 mills, The county fire and road MSTUs, which apply in the unincorporated area and in some cities but not others
- 2025 Osceola County final millage rates by taxing authority · Osceola County Property Appraiser · retrieved Supports: Kissimmee at 17.4114 mills and Saint Cloud at 17.8989, School levies totalling 5.3060 mills across required local, discretionary and capital, Dozens of separate municipal service taxing units in the unincorporated county, from 0.13 to 12.42 mills, which is why an unincorporated Osceola address cannot be given one rate
- Lake County 2025 final millage rates · Lake County Property Appraiser · retrieved Supports: Total millage for every Lake municipality, from Leesburg's 15.9477 to Eustis's 19.8623, School board state and local levies totalling 6.0850 mills, The county fire, ambulance and stormwater MSTUs and which municipalities are subject to them
- Annual estimates of the resident population for incorporated places, 2020 to 2024 · United States Census Bureau, Population Estimates Program · retrieved Supports: 2020 census counts and 2024 population estimates for each municipality, Leesburg's growth from 27,011 to 37,815, the fastest in the metro in percentage terms, Orlando at 334,854, which is twelve per cent of its own metropolitan area
- Primary Mortgage Market Survey · Freddie Mac · retrieved Supports: 30-year fixed-rate mortgage averaging 6.67%
- Average cost of homeowners insurance in Florida, 2026 · MoneyGeek · retrieved Supports: A Florida average of about $3,815 a year against a national average of about $2,543, Orange County premiums in the $3,200 to $4,500 range, at the cheaper end of the state because the metro is inland
- Conforming loan limit values for 2026 · Federal Housing Finance Agency · retrieved Supports: A baseline one-unit conforming loan limit of $832,750 for 2026, which applies in every county in this metro
- Documentary stamp tax · Florida Department of Revenue · retrieved Supports: 70 cents per $100 on a deed, in every county except Miami-Dade, which charges 60 cents plus a 45-cent surtax, 35 cents per $100 on a promissory note or other written obligation to pay money
- Governmental leasehold intangible personal property tax and the non-recurring intangible tax on mortgages · Florida Department of Revenue · retrieved Supports: A non-recurring intangible tax of 2 mills — 0.2% — on the obligation secured by a mortgage on Florida real property
- Property tax exemptions and additional benefits · Florida Department of Revenue · retrieved Supports: A $25,000 homestead exemption applying to all taxing authorities and a second $25,000 applying to all but the school district, The Save Our Homes assessment limitation of 3% or the change in CPI, whichever is lower, Portability of up to $500,000 of accrued Save Our Homes benefit to a new homestead, The 1 March filing deadline
- Chapter 2023-17, Laws of Florida — preemption of rent control · The Florida Senate · retrieved Supports: The repeal of the referendum exception that had allowed a local rent control ordinance in a declared housing emergency
These are estimates built from published figures, not a lender quote, a pre-approval or financial advice. Rates, premiums and provincial rules change; confirm anything you plan to act on with a mortgage professional and read the sourcing methodology.