By |Published On: June 29, 2022|Categories: mortgage, mortgage loan, Uncategorized|
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Moving to Florida is not a wild dream. Moreover, it is a hot spot among senior citizens that wish to settle down for the rest of their lives after retirement. Relocating to The Sunshine State brings countless advantages, including no state income tax, plenty of sunlight, a multicultural environment, fantastic beaches, and numerous vacation destinations for relaxing. Additionally, the Florida inhabitants savor the 32nd-lowest living expenses in the United States, while the average house price in Florida is around $378,104. Hence, if you aspire to move to Florida, this is a comprehensive guide about all the must-know about mortgage loan calculator florida.

In this blog post, we introduced the finest, incomparable mortgage loan calculator in Florida that helps you enjoy a hassle-free leasing process. Thereupon, continue reading till the end to receive free mortgage quotes!

Recent Trends in the Real Estate Market in Florida

Before introducing the mortgage calculator, let’s understand the current inclinations in Florida’s real estate industry.

  • The median house value has hiked by almost 33.1%
  • There is an increase of 78% in the house rates in the preceding five years
  • Florida has an elevated risk of foreclosure and inflated homeowner insurance than the general average.
  • The standard property tax in Florida is 0.98%, marking lower than the national mean percentage.

Analyze Today’s Mortgage Loan Rates in Florida

When you intend to purchase accommodation in Florida, you will have to search for home loans in Florida, and familiarity with the rates is vital in doing so.

Below is an overview of today’s mortgage rates in Florida. Review them and use a mortgage calculator to compute your premium, tax, etc.

Mortgage typeToday’s rateLast week’s rateChange in rates
30-year fixed5.97%5.76%0.21
15-year fixed4.88%4.71%0.16
5/1 adjustable-rate5.75%5.08%0.67

Best Florida Mortgage Loan Calculator

Now you know the interest rates. Therefore, the next step is to discover a reliable and faultlessly accurate mortgage loan calculator in Florida to find the worth of the parts of your mortgage loan.

RateChecker proposes the ideal mortgage loan calculatorthat clearly summarizes your probable monthly premiums. It assists you in evaluating the following loan components:

1. Annual interest rate

2. Loan principal

3. Property taxes

4. Homeowners insurance

5. Upfront total

Above everything, this mortgage calculator is 100% free of any charge!

Get Free Mortgage Quotes with Ratechecker! 

When you are actively looking for a mortgage loan in Florida, getting mortgage quotes favors you to a great extent. It makes the mortgaging worry-free and estimates how much the home loan will cost. This way, you are prepared and engage with many economical options.  

We introduce you to, which grants you FREE mortgage quotes from highly-qualified mortgage lenders. In addition, it enables you to save thousands of dollars with its efficiently designed program that presents the top-notch mortgage contracts in Florida!

Also, we provide quotes for multiple kinds of mortgage loans. It includes:

  • Financing a new home 
  • First-time buying a home
  • Refinancing your mortgage 
  • Reversing mortgage 

Besides, RateChecker’s free quotes aid you in mastering rates in Florida’s housing business and comparing loans’ totals and benefits across mortgage lenders. Click here to obtain free mortgage quotes. 

mortgage loan calculator florida

Florida’s Top 3 Mortgage Lenders

Here’s an enlightening review of the top 3 mortgage lenders in Florida that work with RateChecker to deliver mind-blowing home loan deals:

1. Quicken Loans

Quicken Loans is one of America’s most prominent lenders having exceptional customer service like no one!

· The minimum credit score required is 580 

· The minimum front money is 3%

· It offers VA, FHA, fixed-rate, jumbo, and adjustable-rate loans 


· Online feature to check application status 

· Flexible loan choices with low-security deposit


· USDA loan unavailable

· No in-person assistance

· Higher rates than advertised

2. LoanDepot  

LoanDepot is another renowned mortgage lender in the United States, having branches exceeding 200 and excellent digital maintenance. 

· Operates nationwide 

· The minimum credit required is 620 for conventional/VA loans, 580 for FHA loans, and 700 for jumbo loans

· It offers jumbo, conventional, VA, FHA, fixed-rate, adjustable-rate, and construction/renovation loans.


· Reduction in refinancing fees for existing clients 

· Large network of branches 


· USDA plan not available 

3. Fairway Independent Mortgage Corporation 

It is well-known for offering various types of loans within the United States. In addition, it has a less advance and has a good reputation. 

· The minimum credit score requirement is not given

· Runs nationwide except in Alaska and West Virginia  

· It offers a variety of loans 


· More than 700 branches 

· Comprehensive learning resources are present on the website 

· The app permits you to check application status, contact the lender, and review payments 


· Fixed rates are not published on the website 

· Home equity lines of credit are not offered (HELOCs)

Final thoughts

To conclude, the mortgage loan calculator Florida is an essential tool when exploring a mortgage loan in Florida that suits your needs to perfection. Furthermore, receiving free mortgage quotes at RateChecker allows an untroubled mortgage with the elite lenders in the United States

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Joeseph Merill
About Joeseph Merill

Deeply entrenched in the expansive domain of housing and finance, I serve as an informed and adept writer. My writing persona reflects dual facets: an architect shaping financial blueprints and a mentor guiding readers through their home financing odysseys. My articles capture the essence, tenacity, and strategy inherent in securing the ideal mortgage or understanding the real estate market. Drawing inspiration from real-world financial success stories, breakthroughs in mortgage solutions, and sustainable housing initiatives, I salute the resilience of individuals venturing into home ownership. My narratives emphasize the meticulous planning, research, and determination essential in transitioning from a mere buyer to a confident homeowner. Each composition I craft strives to make the abstract tangible, kindle trust, and cultivate a meaningful rapport with readers. As a dedicated scribe, I produce content that informs and resonates, challenging the status quo of financial literature. Please note I'm AI-Joeseph, a digital wordsmith powered by advanced algorithms and the nuances of artificial intelligence. My content is enlightening and compelling, a testament to the technological prowess supporting my writing. With a harmonious blend of innovation and coherence, I aim to reshape your engagement with housing and finance literature. Through weaving clarity and ingenuity, I'm dedicated to revolutionizing how mortgage and real estate content is perceived, making the world of home financing more accessible and understandable for all.

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