Cape Coral, Florida Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance

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.

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. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.

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.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. Using the statewide school plus non-school planning rates (about 1.70% combined before homestead), tax escrow is roughly $567 per month on $400,000; add $100 insurance for about $2,690 PITI without PMI. Homestead exemptions and county millage can lower or raise the tax line—use Miami-Dade or other county pages for local overrides.

This county page uses Florida DOR's 2025 county millage data, split into school and non-school components for the Florida homestead exemption calculation. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Lee County uses a local planning benchmark of about 1.40% on this page. On a $400,000 home that is roughly $5,599 per year or $467 per month in escrow before exemptions or special districts. Parcel bills can still differ—verify the levy code on the address you are buying.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.40% property tax, monthly escrow is about $467; with $100 insurance, estimated PITI is about $2,590 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.

Lee County's ~1.40% DOR-style planning millage sets escrow, but wind and flood insurance can dominate monthly cost—especially on the coast. Model PITI here, then get insurance quotes early before relying on tax alone. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Yes. The city's SHIP program offers up to $75,000 as a 0% deferred loan that's fully forgiven after just 7 years of owner-occupancy - one of the fastest forgiveness schedules in Florida. Lee County's HOME program adds up to $34,000 for buyers who qualify.

The city SHIP program requires household income at or below 120% AMI (approximately $88,560 for 1 person, $126,480 for 4 persons). The Lee County HOME program has lower limits at 80% AMI. Stack both programs if you qualify. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Lee County's combined rate averages 1.73% before exemptions. After Florida's $25,000 homestead exemption, the effective rate drops to about 1.2%. No state income tax in Florida provides additional savings. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.

Cape Coral's home prices ($375K median) are below the Florida average. While homeowners insurance is higher than inland areas, the combination of affordable home prices, $75K DPA with rapid forgiveness, and the $25K homestead exemption makes Cape Coral one of the most accessible Florida markets.

Cape Coral's SHIP program offers up to $75,000 with 7-year forgiveness - the fastest forgiveness in Florida. Fort Myers (Lee County DPA) offers up to $75,000 but with different terms. Cape Coral's 7-year timeline means your loan is fully forgiven in half the time of most other programs. If you plan to stay 7+ years, Cape Coral is the better deal.

With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.40% property tax, monthly escrow is about $467; with $100 insurance, estimated PITI is about $2,590 without PMI. Adjust price, rate, and down payment above to match your offer.