If you’re buying a home in Florida using an FHA-insured mortgage, our FHA Loan Florida Calculator can help you estimate monthly payments, required down payment, mortgage insurance premiums, and ensure you’re within the FHA limits for your county. This comprehensive guide explains how to use it, provides exact loan limits for Florida counties in 2025, and includes example scenarios and FAQs.
Results are estimates and may vary by county, lender, and credit score.
Typical Florida property tax and insurance rates are prefilled; adjust for your scenario.
📍 FHA Loan Limits in Florida (2025)
Florida FHA loan limits in 2025 vary by county. Most counties have a floor limit of $524,225 for single-family homes. In high-cost areas like Monroe County, the limit rises to $967,150 Freedom Mortgage+13The Mortgage Reports+13LendingTree+13LendingTree.
Here’s a quick sample:
- Standard counties: $524,225 limit
- Miami-Dade, Broward, Palm Beach: ~$654,350 limit
- Monroe County: up to $967,150 InstaMortgageBankrate
These limits also scale for 2‑, 3‑, and 4‑unit properties Towne Bank Mortgage+2The Mortgage Reports+2InstaMortgage+2.
🛠️ How to Use the FHA Loan Florida Calculator
- Enter Home Purchase Price
- Input Your Down Payment (typically 3.5%)
- Choose Loan Term (e.g., 15 or 30 years)
- Enter Estimated Interest Rate
- Select Your Florida County (for correct FHA limit)
- (Optional) Add Property Tax & Insurance estimates
- Click “Calculate” to get:
- Loan amount
- Principal + interest
- Upfront and monthly MIP
- Total estimated FHA payment
- Whether the loan falls within your county limit
📐 Formula & Mortgage Calculations
- Loan Amount = Purchase Price − Down Payment
- Monthly PI Payment =
P×r×(1+r)n(1+r)n−1 \frac{P \times r \times (1+r)^n}{(1+r)^n – 1}(1+r)n−1P×r×(1+r)n
where r is the monthly interest rate and n is total payments. - Upfront MIP = Loan Amount × 1.75% (can be financed) investopedia.com+14Wikipedia+14LendingTree+14Freedom Mortgage+2LendingTree+2investopedia.com+2Wikipediasccu.com+15Freedom Mortgage+15singlefamily.fanniemae.com+15
- Monthly MIP ≈ (Loan Amount × Annual MIP Rate) ÷ 12
(MIP rates have recently dropped—typically 0.55%–0.95% depending on term/LTV) WikipediaWikipedia - Total Monthly Payment = PI + MIP + (Taxes/Insurance if entered)
📘 Example: Miami-Dade Purchase
- Home Price: $650,000
- Down Payment (3.5%): $22,750
- Loan Amount: $627,250
- Mortgage Limit: Miami‑Dade FH limit is ~$654,350, so within limit Bankrate+1InstaMortgage+1
- Interest Rate: 6%
- Loan Term: 30 years
- Annual MIP: 0.85%
- Property Tax & Insurance: $4,500/year & $1,200/year
Monthly PI ≈ $3,763
Monthly MIP ≈ $444
Tax & Insurance ≈ $483
Estimated Total Payment ≈ $4,690/month
✅ Why Use the FHA Loan Florida Calculator
- Ensures your loan falls within county-specific FHA limits
- Estimates both upfront and monthly mortgage insurance
- Helps buyers compare FHA vs. conventional options
- Useful for budgeting and financial planning
- Reflects recent 2025 loan limit increases and updated MIP rates Wikipedia+8The Mortgage Reports+8FHA Mortgage Source+8InstaMortgage+2Wikipedia+2Wikipedia+2Towne Bank Mortgage
💡 Tips for Florida FHA Buyers
- Check your county’s FHA limits—I.e. Monroe high limit vs most counties floor limit sccu.comInstaMortgage
- A higher down payment (≥10%) may reduce or eliminate monthly MIP
- FHA MIP cannot be canceled unless you refinance into a conventional loan or initial down payment ≥10% and meet service period rules Wikipedia+1investopedia.com+1
- Shop multiple lenders to get best rates and fee structures
20 Frequently Asked Questions (FAQs)
- What’s the FHA loan limit in most Florida counties?
$524,225 for 1-unit homes investopedia.com+10Homebuyer+10FHA Mortgage Source+10 - Can I exceed that limit?
Only in high-cost counties; Monroe County limit is $967,150 The Mortgage Reports+5InstaMortgage+5LendingTree+5 - What if the purchase price is higher than the limit?
You may need a conventional or jumbo loan. - Does the calculator include MIP?
Yes, both upfront (1.75%) and monthly MIP are included. The Mortgage Reports - How long do I pay MIP?
It varies—usually life of loan unless ≥10% down. WikipediaLendingTree - Can MIP be financed?
Yes, the upfront premium can be rolled into the loan. - Does credit score affect FHA approval?
FHA allows scores as low as 580 (3.5% down) or 500 with 10% down. - Are FHA fees higher than conventional?
FHA requires MIP; conventional may require PMI which can be canceled. - Can FHA loans be used for condos in Florida?
Yes if the condo project is FHA-approved. - Can I include property tax and insurance in monthly payment estimate?
Yes—enter those to get a full estimate. - Does interest rate impact MIP?
No, MIP is based on loan size and LTV, not interest rate. - Can I refinance later to remove MIP?
Yes, refinancing into conventional can remove FHA MIP. - Do limits vary for multi-unit properties?
Yes—2‑4 unit FHA limits are higher than single-unit LendingTreeinvestopedia.com - Is FHA better for low credit?
Often yes, due to flexible requirements. - Are closing costs included?
Not in the calculator—but you can plan for 2–5% closing costs separately. - Do FHA limits change every year?
Yes, FHA updates county limits annually. The Mortgage Reports - Can I use the calculator on mobile?
Yes, it’s fully responsive. - Is there a down payment assistance in Florida?
Yes—many state/local programs are FHA-compatible. - Does FHA allow rental units?
You must live in at least one unit of a 2‑4 family property. - Is the calculator free to use?
Yes, it’s fully free and requires no registration.
🔚 Final Thoughts
If you’re shopping for an FHA loan in Florida, our FHA Loan Florida Calculator is a powerful and free resource to estimate your monthly payment, confirm eligibility under county-specific limits, and plan your financial strategy. It reflects the latest 2025 limits and FHA policies so you can make informed decisions confidently.