How Much House Can I Afford in Florida?

Enter your income and debts. We'll show you your maximum home price at today's 6.23% rate and which Florida cities fit your budget.

Current Rate
6.23%
28% Rule
Front-end DTI
43% Rule
Back-end DTI

Find Florida Cities Within Your Budget

Based on standard 28/36 mortgage qualifying guidelines. Results link to full cost-of-living data for each city.

Your Financial Profile

Annual Household Income$80K
$30K$300K
Monthly Debt Payments$500/mo
$0/mo$3,000/mo
Down Payment20%
3%30%
Based on 28% front-end / 43% back-end DTI
Max housing payment: $1,867/mo
Down payment needed: $62,000

How Florida Affordability Is Calculated

28% Front-End Rule

Your total housing payment (mortgage + taxes + insurance) should not exceed 28% of your gross monthly income. This is the primary qualification limit most lenders use.

43% Back-End Rule

Your total monthly debt payments (housing + car loans + student loans + credit cards) should stay below 43% of gross income. This determines your maximum allowable housing payment when you carry other debts.

Why Florida Has No Income Tax

Florida's zero state income tax means more of your gross income is take-home pay. A household earning $100K in Florida takes home ~$8,333/mo before federal taxes — more than most states.

Down Payment Impact

A larger down payment reduces your monthly P&I and may eliminate PMI (required below 20% down). FHA loans allow 3.5% down but require mortgage insurance premiums for the life of the loan.

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