Free Jacksonville, FL Mortgage Loan Calculator
Jacksonville, FL Mortgage Calculator
By SoFi Editors | Updated October 16, 2025
If you’re considering buying a home in Jacksonville, Florida, you’ll need a good online mortgage calculator, whether you’re a first-time buyer or an experienced homeowner. By inputting a few numbers about a home loan, you’ll be able to access estimates of the monthly payments, total interest, and loan costs for that mortgage. Trying out different options will help you compare the scenarios you’re considering, apples to apples.
The Jacksonville mortgage calculator can make your financial planning easier and more efficient — and let you feel confident that you’re making well-informed decisions about purchasing a home in Jacksonville.
Key Points
• The Jacksonville mortgage calculator lets you estimate monthly payments and total loan costs for different mortgages.
• Down payment assistance programs can reduce upfront costs for many first-time homebuyers.
• A shorter loan term results in higher monthly payments but costs less in total interest than a longer term.
• A higher credit score can help you secure a more favorable interest rate, but there are also other options that may help you improve your rate.
• A larger down payment can lower your monthly mortgage payments and potentially eliminate the need for private mortgage insurance (PMI).
Jacksonville, FL Mortgage Calculator
Calculator Definitions
• Home price: The home price is the purchase price that you’ve agreed to with the home seller. This figure may differ from both the listing price and your initial offer.
• Down payment: The down payment is the amount you pay upfront. It’s often expressed as a percentage of the total purchase price, and most buyers put down between 3% and 20%. If this range sounds challenging, down payment assistance programs may be available to help you afford this expense.
• Loan term: The loan term is the length of time you have to repay the mortgage. A shorter term can result in higher monthly payments but cost less in total interest over the life of the loan. A longer term may mean lower monthly payments but can increase your total interest.
• Interest rate: The interest rate is the cost of borrowing money, expressed as a percentage of your home loan. Interest rates can vary based on your credit score, market trends, and the type of mortgage loan you choose.
• Annual property tax: This is what you’ll need to pay your local government each year for your property (the land and the buildings on it). This tax is typically expressed as a percentage of your home’s assessed value. Currently, the effective property tax in Jacksonville is 0.804%. However, rates can vary. To find yours, search online for your ZIP code or city and “effective property tax rate.”
• Total monthly payment: The total monthly payment you make toward your home includes the principal loan amount, the interest accrued on the loan, and (if you entered your property tax rate) the property tax on your home. It’s important to remember that you will also need to budget for other home expenses, such as homeowners insurance.
• Total interest paid: The total interest paid represents the complete amount of interest you will pay to the lender over the entire life of the loan.
• Total loan cost: The total loan cost represents the all-in amount that you will ultimately pay for the loan, including both the principal amount you borrowed and the accumulated interest.
How to Use the Jacksonville Mortgage Calculator
Using the Jacksonville mortgage calculator is simple, straightforward, and free. Here are the step-by-step instructions.
Step 1: Enter Your Home Price
Input the purchase price that you and the seller have agreed upon for the home.
Step 2: Select a Down Payment Amount
Choose the percentage of your home purchase price that you will pay upfront. A down payment calculator can help you assess what will work for you.
Step 3: Choose a Loan Term
Select the length of time over which you’ll pay back your mortgage. A shorter term will mean you have higher monthly payments but pay less in total interest, while a longer term offers more affordable monthly payments but is more expensive in total interest paid over the life of the mortgage.
Step 4: Enter an Interest Rate
Input the interest rate that you’re considering to the second or third decimal point — for instance, 6.395%. If you’re looking at a particularly expensive property (over $800K), you may want to check the rates for a jumbo loan.
Step 5: Enter Your Home’s Annual Property Tax
Input the percentage of the home’s value, not the dollar amount. For example, if your property tax rate is 0.804%, you’ll enter 0.804.
Benefits of Using a Mortgage Payment Calculator
A mortgage calculator is a powerful tool you can use to help you determine how affordable a particular home would be for you. When you enter a few basic facts about a home loan — like the purchase price, down payment, term, and interest rate — the Jacksonville mortgage calculator can estimate what your monthly payments and total interest costs would look like. If you input your tax rate, it will include taxes in its calculations, too.
You can also change factors, such as your loan term or interest rate, and see what impact those tweaks have on the loan’s affordability. If you want to make an informed choice about the mortgage options you have in Jacksonville, a tool like this is essential.
Bear in mind that the Jacksonville mortgage calculator is intended for fixed-rate mortgages. However, if you choose a type of mortgage loan with a variable interest rate, you can still use this calculator to estimate your costs. Just be aware that the results you get will be less precise due to the fluctuations of variable rates.
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Deciding How Much House You Can Afford in Jacksonville
In Jacksonville, the median home sales price as of late 2025 is approximately $302,000. If you buy a house for that amount, putting 20% down and financing the rest with a 30-year, fixed-rate mortgage at 7.00% interest, your monthly payment (for principal and interest only) would be about $1,607.
To determine affordability, lenders often recommend following the 28/36 rule, according to which housing costs should not exceed 28% of your gross monthly income, and your total debt payments should be 36% or less. In our example, that means you’d need a yearly income of at least $69,000, and you’d have around $459 left per month for other debt, which could include costs like car payments, credit card bills, and student loans, to name just a few. If your debt load is heavy, this loan may not be practical for you unless your income is higher.
There are also other methods you can use to evaluate a loan’s affordability. You can utilize a home affordability calculator, which allows you to enter details about your income and debt as well as a variety of fees that might be bundled with your principal and interest in your monthly payment to get an individualized estimate of how expensive a home purchase your budget can accommodate.
It may also be helpful to go through the mortgage preapproval process with a potential lender to get a good idea of how large a loan you can afford.
Current mortgage rates by state.
Compare current home interest rates by state and find a mortgage rate that suits your financial goals.
Select a state to view current rates:
Components of a Mortgage Payment
When you pay your monthly mortgage bill, the money is applied toward several costs. Primarily, the payment goes toward your principal (the amount you borrowed) and interest. The payment could also include property tax and homeowners insurance expenses, depending on your lender and the terms of your loan. If you have less than 20% equity and need to pay for private mortgage insurance (PMI) or if you will owe homeowners association (HOA) fees, those expenses might also be bundled into your payment.
In addition, what your mortgage payment includes depends on the type of mortgage loan you take out, and specialized calculators can factor in loan-specific costs. If you’re interested in a loan guaranteed by the Federal Housing Administration (FHA), you can use an FHA mortgage calculator, which allows for that kind of loan’s mortgage insurance premiums. Similarly, a VA mortgage calculator takes into account relevant fees and can be helpful when you’re considering a loan backed by the U.S. Department of Veterans Affairs.
Cost of Living in Jacksonville
As the most populous city in Florida, Jacksonville has a lot to offer, especially for families. With miles of beaches, strong public schools and multiple universities, a pro NFL team, and Disney World® less than a three-hour drive away, it’s small wonder that the city is growing rapidly. Perhaps best of all, the city’s cost of living falls comfortably below the national average.
Let’s take a closer look. The Council for Community and Economic Research’s Cost of Living Index (COLI) compares the cost of living in major metro areas against the national average, which is 100. The chart below shows the COLI numbers for a variety of costs in Jacksonville. Note that housing, in particular, is well below the national average, and only groceries are (slightly) above it.
| Florida Cities’ Cost-of-Living Stats | |
|---|---|
| Overall | 92.9 |
| Groceries | 101.9 |
| Housing | 87.0 |
| Utilities | 89.8 |
| Transportation | 87.0 |
| Health Care | 85.4 |
| Miscellaneous Goods/Services | 96.1 |
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Run the numbers on your home loan.
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Mortgage calculator
Punch in your home loan amount and a new interest rate, and we’ll estimate your payoff date.
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Down payment calculator
Enter a few details about your home loan and we’ll provide your monthly mortgage payment.
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Home affordability calculator
Provide us with a few details and see how much you can afford to spend on a home purchase.
Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.
Jacksonville’s First-Time Homebuyer Assistance Programs
If you’ve decided on buying your first home in Jacksonville, you’ll be happy to know that there are several first-time homebuyer assistance programs available in Florida to help you cover the initial costs involved. These programs often include financial aid specifically designated for the down payment, closing costs, or even both.
If you’re a repeat homebuyer, you should be aware that these benefits are available to a wider range of buyers than you might imagine. To qualify as a first-time homebuyer for one of these programs, typically it’s acceptable if you’ve owned a home before, as long as it wasn’t within the past three years. Options like these can make homeownership much more accessible so these programs are well worth the trouble of exploring.
Tips on Reducing Your Mortgage Payment
Once you’ve bought your home, you may still be able to find ways to lower the amount you have to pay on your mortgage each month. Here are a few possibilities.
• Ask your lender to drop your private mortgage insurance (PMI) once you reach 20% equity in your home.
• Inquire whether your lender will recast your loan if you can put a large sum — like a bequest or work bonus — toward your principal. This reamortizes your loan, which decreases your monthly payment without altering your interest rate or loan term.
• Appeal your property taxes if you think that your assessment is too high. You’ll have to show supporting evidence, like recent comparable sales in your area, to your local tax authority.
• Consider a mortgage refinance if you can get a lower interest rate or a longer term. Be sure to allow for closing costs when you’re calculating whether this move makes financial sense for you.
• Request that your lender modify your mortgage to lower your monthly payments if you’re experiencing financial hardship.
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The Takeaway
The Jacksonville mortgage calculator is a powerful tool for prospective homebuyers, helping you estimate monthly payments, total interest, and the overall cost of any mortgage you input. By entering your home price, down payment, loan term, and interest rate, you can evaluate different potential scenarios and make informed, realistic decisions about your home-buying options.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
How does my credit score affect my mortgage loan interest rate?
Your credit score plays a significant role in determining the interest rates you’ll be offered for a mortgage loan. A higher credit score may secure you a more favorable rate, reducing the amount of interest you’ll have to pay over the life of the loan. Conversely, a lower credit score can result in a higher interest rate, increasing your monthly payments and the total cost of the loan.
What are principal and interest on a mortgage loan?
Principal refers to the original amount of the loan, while interest is the cost of borrowing that principal amount, generally expressed as a percentage of the loan amount.
Should I choose a 30-year or 15-year mortgage term?
When choosing between a 30-year and a 15-year mortgage, consider your financial situation. A 30-year mortgage offers lower payments but higher overall interest, while a 15-year mortgage has higher payments but lower interest costs. If you can afford it, a 15-year term saves you money and builds equity faster, but if you need budget flexibility, a 30-year term might work better for you.
How can I get a lower mortgage interest rate?
There are several options that may help you get a better mortgage rate. You can work to improve your credit score, which influences the rates lenders offer. You can shop around and compare rates from different lenders to find the best one. And you can put down a larger down payment, which reduces risk for the lender.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.
†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.
Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.
Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
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