Tampa Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Tampa's Dare to Own the Dream program offers up to $50,000 — one of Florida's most generous city DPA programs. The 0% deferred loan is fully forgivable after 20 years. Tampa CRA areas add another $50,000 option. Hillsborough County's combined tax rate averages 1.89%, but the $25,000 Florida homestead exemption keeps effective rates manageable. Median home prices around $350,000 make Tampa accessible for first-time buyers.
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 · $485 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 Tampa Dare to Own the Dream Program
- City of Tampa CRA Down Payment Assistance
Tampa Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Florida · Hillsborough County
Tampa's Dare to Own the Dream program offers up to $50,000 — one of Florida's most generous city DPA programs. The 0% deferred loan is fully forgivable after 20 years. Tampa CRA areas add another $50,000 option. Hillsborough County's combined tax rate averages 1.89%, but the $25,000 Florida homestead exemption keeps effective rates manageable. Median home prices around $350,000 make Tampa accessible for first-time buyers.
Use this mortgage calculator for Tampa, 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: 1.89%
- Configured benefits or exemptions: 4
- Reviewed sources: 8
What Changes in Tampa, Florida
- Data level used: city. This page uses the most specific available data layer for Tampa, Florida.
- Configured combined annual property tax rate: 1.89% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: Tampa Dare to Own the Dream 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 — 0.634%
- Florida Non-School Property Tax — 1.252%
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)
- Tampa Dare to Own the Dream Program — $50,000 (requires: first-time buyer, primary residence, income is below the program cap, inTampaCityLimits)
- 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 Tampa, 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 Tampa Dare to Own the Dream Program, City of Tampa CRA Down Payment Assistance. 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 Tampa Dare to Own the Dream Program — verified June 4, 2026 — Official source for Tampa's Dare to Own the Dream program offering up to $50,000 in 0% deferred payment loans for first-time buyers. New reservations paused as of January 2026.
- City of Tampa CRA Down Payment Assistance — verified June 4, 2026 — Official source for Tampa CRA DPA offering up to $50,000 for purchases within designated redevelopment areas.
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 Hillsborough County property-tax benchmark is used?
This county page uses Florida DOR's 2025 county millage data, split into school and non-school components for the Florida homestead exemption calculation.
Is the Tampa Dare to Own the Dream program currently open?
New reservations were paused as of January 7, 2026 due to funding constraints. The city plans to resume when state and federal funds replenish. The Tampa CRA DPA program may still be accepting applications for homes in designated redevelopment areas.
How much down payment assistance can I get in Tampa?
Up to $50,000 through Dare to Own the Dream (50-80% AMI gets the full $50K, 80-120% gets $40K, 120-140% gets $30K). CRA areas offer an additional $50,000 option. Both are 0% deferred loans forgiven after 20 years of owner-occupancy.
What credit score do I need for Tampa DPA?
Dare to Own the Dream requires a minimum credit score of 600. The CRA program has similar requirements. Combined with the 50% back-end DTI limit, Tampa is one of the most accessible Florida cities for buyers with moderate credit.
How much house can I afford in Tampa with property taxes?
With Hillsborough's 1.89% rate, a $350,000 home costs about $6,615 in annual property taxes before homestead exemptions. After the $25,000 Florida exemption, expect about $6,140. Combined with Tampa's $50K DPA, monthly payments are manageable for qualified buyers.
Tampa vs. St. Petersburg: Which Tampa Bay city offers better DPA?
St. Petersburg offers up to $75,000 (20% of price + $5,000 closing costs) with 10-year forgiveness, while Tampa offers up to $50,000 with 20-year forgiveness. For a $300,000 home, St. Pete could cover $60,000 + $5,000 = $65,000, while Tampa caps at $50,000. But Tampa CRA areas offer an additional $50,000 — check if your target neighborhood qualifies.