West Palm Beach Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
West Palm Beach offers up to $100,000 in down payment assistance — the highest city-level DPA amount in the state. The 0% deferred loan is forgiven after 30 years of owner-occupancy. Palm Beach County's combined property tax rate averages 1.75%, and the Florida $25,000 homestead exemption provides ongoing relief. West Palm Beach median home prices run approximately $450,000.
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 · $450 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 West Palm Beach First-Time Homebuyers Program
- Palm Beach County HOME First-Time Homebuyer Program
West Palm Beach Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Florida · Palm Beach County
West Palm Beach offers up to $100,000 in down payment assistance — the highest city-level DPA amount in the state. The 0% deferred loan is forgiven after 30 years of owner-occupancy. Palm Beach County's combined property tax rate averages 1.75%, and the Florida $25,000 homestead exemption provides ongoing relief. West Palm Beach median home prices run approximately $450,000.
Use this mortgage calculator for West Palm Beach, 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: 1.75%
- Configured benefits or exemptions: 4
- Reviewed sources: 8
What Changes in West Palm Beach, Florida
- Data level used: city. This page uses the most specific available data layer for West Palm Beach, Florida.
- Configured combined annual property tax rate: 1.75% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: West Palm Beach 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 — 0.632%
- Florida Non-School Property Tax — 1.117%
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)
- West Palm Beach First-Time Homebuyers Program — $100,000 (requires: first-time buyer, primary residence, income is below the program cap, inWestPalmBeachCityLimits)
- 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 West Palm Beach, 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 West Palm Beach First-Time Homebuyers Program, Palm Beach County HOME First-Time Homebuyer 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 West Palm Beach First-Time Homebuyers Program — verified June 4, 2026 — Official program details for West Palm Beach DPA offering up to $100,000 as a 0% deferred loan forgiven after 30 years, with income limit at 80% AMI.
- Palm Beach County HOME First-Time Homebuyer Program — verified June 4, 2026 — Official source for Palm Beach County HOME program offering 0% deferred payment loans with 30-year forgiveness term.
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 Palm Beach 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.
Can I really get $100,000 in down payment help in West Palm Beach?
Yes. The city's First-Time Homebuyers Program offers up to $100,000 as a 0% deferred loan forgiven after 30 years. This is the highest city-level DPA in Florida. The program requires income at or below 80% AMI (approximately $71,000 for 1 person, $101,400 for 4 persons).
How does the West Palm Beach DPA compare to other Florida cities?
At $100K, West Palm Beach's DPA is the most generous city program in Florida — higher than Fort Lauderdale ($75K), St. Pete ($75K), Tampa ($50K), and Orlando ($45K). The 30-year forgiveness term is longer, but the loan carries 0% interest.
What are property taxes like in West Palm Beach?
Palm Beach County's combined rate averages 1.75%. After the $25,000 Florida homestead exemption (plus $25,000 non-school), the effective rate for homesteaded properties drops to approximately 1.2%. The Save Our Homes 2.7% cap protects long-term owners.
What credit score is needed for West Palm Beach DPA?
The city program doesn't publish a specific minimum, but most participating lenders require 620-640. Combined with FHA's 580 minimum and conventional options, buyers with moderate credit can typically qualify.