Fort Lauderdale Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Fort Lauderdale offers one of the most generous city-level DPA programs in Florida at up to $75,000. Broward County also offers up to $80,000 through its Homebuyer Purchase Assistance Program. Combined with Florida's $25,000 homestead exemption and 2.7% Save Our Homes cap, Fort Lauderdale is a strong market for first-time buyers despite higher median home prices around $550,000.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $510 Property Taxes · $125 Other
Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Official sources
- Consumer Financial Protection Bureau mortgage cost guidance
- Florida Department of Revenue Property Tax Data Portal
- Florida DOR documentary stamp tax
- Florida DOR nonrecurring intangible tax
- Florida DOR Save Our Homes assessment limitation
- Florida Housing Hometown Heroes funding status
- City of Fort Lauderdale First-Time Homebuyers Program
- Broward County Homebuyer Purchase Assistance Program
Fort Lauderdale Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Florida · Broward County
Fort Lauderdale offers one of the most generous city-level DPA programs in Florida at up to $75,000. Broward County also offers up to $80,000 through its Homebuyer Purchase Assistance Program. Combined with Florida's $25,000 homestead exemption and 2.7% Save Our Homes cap, Fort Lauderdale is a strong market for first-time buyers despite higher median home prices around $550,000.
Use this mortgage calculator for Fort Lauderdale, Florida to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
What This Estimate Uses
- Geographic level: city
- Configured property tax rate: 1.99%
- Configured benefits or exemptions: 4
- Reviewed sources: 8
What Changes in Fort Lauderdale, Florida
- Data level used: city. This page uses the most specific available data layer for Fort Lauderdale, Florida.
- Configured combined annual property tax rate: 1.99% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: Fort Lauderdale First-Time Homebuyers Program.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- Florida School Property Tax — 0.648%
- Florida Non-School Property Tax — 1.338%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- Florida Homestead Exemption — $25,000 (requires: primary residence)
- Florida Additional Homestead Exemption — $25,000 (requires: primary residence)
- Fort Lauderdale First-Time Homebuyers Program — $75,000 (requires: first-time buyer, primary residence, income is below the program cap, inFortLauderdaleCityLimits)
- Mortgage Credit Certificate (MCC) — 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Florida Deed Documentary Stamp Tax, Florida Mortgage Documentary Stamp Tax, Florida Nonrecurring Intangible Tax, but other settlement charges may appear on a real loan estimate.
Local Data and Sources
Last editorial verification: June 4, 2026. This page combines the official data layers configured for Fort Lauderdale, Florida.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Florida Department of Revenue Property Tax Data Portal, Florida DOR documentary stamp tax, Florida DOR nonrecurring intangible tax, Florida DOR Save Our Homes assessment limitation, Florida Housing Hometown Heroes funding status, City of Fort Lauderdale First-Time Homebuyers Program, Broward County Homebuyer Purchase Assistance Program. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance — verified May 3, 2026 — General U.S. mortgage closing-cost and mortgage-cost guidance.
- Florida Department of Revenue Property Tax Data Portal — verified May 3, 2026 — Official source for the 2025 final Data Book workbooks used for Florida statewide and county property-tax millage rates.
- Florida DOR documentary stamp tax — verified May 3, 2026 — Official source for deed and mortgage documentary stamp tax rates, including Miami-Dade single-family treatment.
- Florida DOR nonrecurring intangible tax — verified May 3, 2026 — Official source for the 2 mills nonrecurring intangible tax on mortgage obligations.
- Florida DOR Save Our Homes assessment limitation — verified May 3, 2026 — Official source for Florida homestead assessment-cap rules and the 2026 Save Our Homes limitation.
- Florida Housing Hometown Heroes funding status — verified May 3, 2026 — Official source used to exclude Hometown Heroes as an active May 2026 DPA benefit because the 2025-2026 allocation was fully committed.
- City of Fort Lauderdale First-Time Homebuyers Program — verified June 4, 2026 — Official source for Fort Lauderdale's First-Time Homebuyers Program offering up to $75,000 in down payment and closing cost assistance.
- Broward County Homebuyer Purchase Assistance Program — verified June 4, 2026 — Official source for Broward County's deferred-payment second mortgage program with up to $80,000 in assistance.
Frequently Asked Questions
What Florida property tax rate is used here?
The statewide estimate uses Florida Department of Revenue 2025 final taxes levied divided by 2025 taxable value: about 0.6563% for school taxes and 1.0449% for non-school taxes before homestead exemptions. County pages override those rates with DOR county millage data.
How does Florida homestead affect this calculator?
For a qualifying primary residence, the first $25,000 exemption reduces both school and non-school taxable value. A second $25,000 exemption reduces only non-school taxable value. The Save Our Homes cap then limits annual assessed-value growth for continuing homesteads.
What Florida closing taxes are included?
The estimate includes deed documentary stamp tax on the sale price, mortgage documentary stamp tax on the loan amount, and nonrecurring intangible tax on the mortgage obligation. County files can override rates where Florida law differs, such as Miami-Dade deed documentary stamp tax.
What Broward County property-tax benchmark is used?
This county page uses Florida DOR's 2025 county millage data, split into school and non-school components so Florida homestead exemptions can be applied correctly.
Can I really get $75,000 in down payment assistance in Fort Lauderdale?
Yes. The City of Fort Lauderdale First-Time Homebuyers Program offers up to $75,000 as a 0% deferred loan. Broward County adds up to $80,000 through its separate program. Stacking both can make homeownership achievable with very little of your own money down.
What are the income limits for Fort Lauderdale DPA?
The city program requires household income at or below 80% AMI (approximately $81,150 for a 2-person household). Broward County's program has similar limits. First responders and teachers may qualify for additional flexibilities.
Is Fort Lauderdale more affordable than Miami for homebuyers?
Home prices are similar ($500K+), but Fort Lauderdale's $75K city DPA is significantly more than Miami's $35K county DPA. Broward County's combined tax rate averages 1.7%, slightly below Miami-Dade's 1.85%.
What credit score do I need for Fort Lauderdale DPA?
The city program requires a minimum credit score of 660. Combined with FHA financing (580 minimum), most buyers can qualify with moderate credit.