Broward County, FL Mortgage Calculator
Estimate your monthly mortgage payment in Broward County with local property tax rates, homeowners insurance, and 2026 FHA and conforming loan limits.
Local Home Values & Affordability
With a median home value of $490,000, Broward County is 58% above the national median of $310,000 — placing it firmly in premium territory where careful loan-type selection matters.
A 20% down payment on a median Broward County home requires $98,000 in cash — or $17,150 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Broward County's $490,000 median sits between Duval County ($300,000) and Miami-Dade County ($560,000) within the Florida counties we track.
Property Tax in This Market
Based on the 1.03% effective rate and a median home value of $490,000, a typical homeowner in Broward County pays approximately $5,047 in annual property taxes — or $421 per month added to their mortgage payment.
Broward County's property tax rate of 1.03% is close to the national average of 1.10%. On a median-priced home of $490,000, expect an annual tax bill of approximately $5,047.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Broward County averages around $5,000/year ($417/month) — roughly 213% above the national average of $1,600.
Premium quotes in Broward County typically range from $3,200 to $8,200 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Broward County home ($490,000) with FHA's minimum 3.5% down would borrow $472,850 — well within the $641,250 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $392,000 stays $440,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
All FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55%–0.75% of the loan balance paid monthly. On a $472,850 FHA loan, expect approximately $217/month in ongoing MIP — added to principal, interest, taxes, and insurance.
Sources: HUD ML 2025-23, FHFA 2026, HUD MIP Rates 2023
Extra Monthly Payment
Estimated Monthly Payment
$3,432
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $392,000
LTV: 0.01%
P&I Payment
$2,595
Total Interest
$542,141
over loan life
Payoff
30 yr
Closing Costs
$8,766–$16,363
est. range
Monthly Payment Breakdown
2026 Loan Limit Context
FHA Limit
$641,250
Conforming Limit
$832,750
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $2,595 | $325 | $2,270 | $391,676 | $2,270 |
| 2 | $2,595 | $326 | $2,268 | $391,349 | $4,539 |
| 3 | $2,595 | $328 | $2,267 | $391,021 | $6,805 |
| 4 | $2,595 | $330 | $2,265 | $390,691 | $9,070 |
| 5 | $2,595 | $332 | $2,263 | $390,359 | $11,333 |
| 6 | $2,595 | $334 | $2,261 | $390,025 | $13,594 |
| 7 | $2,595 | $336 | $2,259 | $389,689 | $15,852 |
| 8 | $2,595 | $338 | $2,257 | $389,351 | $18,109 |
| 9 | $2,595 | $340 | $2,255 | $389,011 | $20,364 |
| 10 | $2,595 | $342 | $2,253 | $388,669 | $22,617 |
| 11 | $2,595 | $344 | $2,251 | $388,325 | $24,868 |
| 12 | $2,595 | $346 | $2,249 | $387,980 | $27,118 |
2026 Loan Limits — Broward County, FL
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $621,000 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
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