Tampa, FL Mortgage Calculator
Estimate your monthly mortgage payment in Tampa including property taxes, homeowners insurance, PMI, and 2026 loan limits.
Local Home Values & Affordability
Tampa's median home value of $380,000 runs about 23% above the US median of $310,000, reflecting strong local demand.
A 20% down payment on a median Tampa home requires $76,000 in cash — or $13,300 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Hillsborough County's $380,000 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 1.00% effective rate and a median home value of $380,000, a typical homeowner in Hillsborough County pays approximately $3,800 in annual property taxes — or $317 per month added to their mortgage payment.
Hillsborough County's property tax rate of 1.00% is close to the national average of 1.10%. On a median-priced home of $380,000, expect an annual tax bill of approximately $3,800.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Hillsborough County averages around $4,500/year ($375/month) — roughly 181% above the national average of $1,600.
Premium quotes in Hillsborough County typically range from $2,800 to $7,500 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 Tampa home ($380,000) with FHA's minimum 3.5% down would borrow $366,700 — well within the $541,287 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 $304,000 stays $528,750 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 $366,700 FHA loan, expect approximately $168/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
$2,704
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $304,000
LTV: 0.01%
P&I Payment
$2,012
Total Interest
$420,436
over loan life
Payoff
30 yr
Closing Costs
$7,017–$13,098
est. range
Monthly Payment Breakdown
2026 Loan Limit Context
FHA Limit
$541,287
Conforming Limit
$832,750
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $2,012 | $252 | $1,761 | $303,748 | $1,761 |
| 2 | $2,012 | $253 | $1,759 | $303,495 | $3,520 |
| 3 | $2,012 | $255 | $1,758 | $303,241 | $5,278 |
| 4 | $2,012 | $256 | $1,756 | $302,985 | $7,034 |
| 5 | $2,012 | $258 | $1,755 | $302,727 | $8,789 |
| 6 | $2,012 | $259 | $1,753 | $302,468 | $10,542 |
| 7 | $2,012 | $261 | $1,752 | $302,208 | $12,294 |
| 8 | $2,012 | $262 | $1,750 | $301,945 | $14,044 |
| 9 | $2,012 | $264 | $1,749 | $301,682 | $15,793 |
| 10 | $2,012 | $265 | $1,747 | $301,417 | $17,540 |
| 11 | $2,012 | $267 | $1,746 | $301,150 | $19,286 |
| 12 | $2,012 | $268 | $1,744 | $300,882 | $21,030 |
2026 Loan Limits — Hillsborough County, FL
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | 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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