Buying, refinancing or investing in Florida? See the payment, the cash you’ll need and the options worth considering.
Len Padilla · Senior Loan Originator
NMLS #1629006 · powered by Auctus Mortgage Solutions, NMLS #2743323
“America’s Most Handsome Loan Officer.” — Mom
“Very knowledgeable and helpful. He doesn’t just give you one option, he gives you best case and worst case scenarios.”Yesenia G. · 5-star Google review
Explore an estimated monthly payment and the cash you may need to close before you make an offer.
Estimate your paymentChange the price, down payment and costs to estimate a monthly payment.
The calculator uses Optimal Blue’s national conventional or FHA 30-year fixed index, published by FRED, based on your selection. New observations usually arrive on business days and can be delayed. These are national averages, not rates tailored to your credit, loan size, points or occupancy.
See the indexes and methodology Check the latest daily average at Mortgage News DailyLatest published observation available; the live feed may be delayed.
National market indexes, not Auctus rates, personalized quotes. Rates may change without notice. Your actual rate and terms depend on credit profile, loan program and type, down payment, occupancy, property, points, fees, lock timing and underwriting. Not an offer or commitment to lend.
Illustrative FHA with 3.5% down. The 30-year rate uses the latest available national FHA or conventional index. It is not an Auctus rate or quote. Rates may change without notice and depend on credit profile, loan program and type, down payment, occupancy, property, points, fees, lock timing and lender underwriting. Property taxes start at 1.2% and home insurance at 0.6% of the purchase price per year; both can be edited. Mortgage insurance is illustrative when shown. Actual taxes, insurance, rates, costs and eligibility vary. This calculator is for education only, not an offer, quote, approval, Loan Estimate or commitment to lend. FHA upfront MIP of 1.75% of the base loan is included in the financed loan amount shown above.
For illustration only: choose primary residence, second home, or investment property to apply the matching assumption to the conventional benchmark: +0.25 percentage points for a second home and +0.50 for an investment property. FHA is shown as a primary-residence scenario. These assumptions are not lender pricing adjustments or rate quotes. Actual pricing depends on the full loan details and lender review.
Planning estimate: down payment plus 4% of the purchase price for closing costs and prepaid items. FHA upfront MIP is included in the loan above, not added to cash to close here. Final figures vary.
For education only. Rates may change with market conditions, credit profile, loan program and type, down payment and underwriting. This estimate is not a personalized rate quote, Loan Estimate, offer, approval or commitment to lend.
Want a personalized quote? Get in touchIncome sets the starting point. Existing monthly debt payments can reduce the housing payment available. Change the numbers to see the effect.
Include required payments on credit cards, car loans and student loans. Do not add the new mortgage here.
For the $400,000 home above, the estimated payment is $3,364 per month. Housing ratio: 47.5%. Total ratio with existing debts: 53.8%.
Above this illustrationUses the calculator’s down payment percentage, rate, term and HOA. It scales the annual tax and insurance amounts you entered with the home price when estimating another home. Actual costs vary; closing costs are not included.
For this FHA example, 45% housing and 55% total debt are illustration settings. Actual eligibility depends on underwriting and verified details; these figures do not guarantee preapproval. HUD FHA handbook
Prefer to start with a soft credit check? Ask me if it’s available for your situation. A full mortgage application may require a hard inquiry.
The three most recent reviews, with a closer look at each client’s experience.
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ES“Now qualified and ready to build”After months of looking for help with financing a new build, Karla came to Len through a friend. She describes step-by-step help rebuilding her credit, then guidance through the construction loan process. She says Len stayed available through closing and found ways forward when obstacles made the purchase feel uncertain.
“Professional, responsive, and incredibly efficient”GLo remembers a fast process that still made room for clear communication and careful attention to detail. They say the speed and service stood out, and recommend working with Len.
“Todo rápido, fácil y eficiente”Reisel thanked Len for his help and described the experience as quick, easy and efficient.
Quoted phrases are brief excerpts; the descriptions summarize each review. Read the complete original text on Experience.com. See original reviews
Buying, refinancing or investing? Tell me your goal and we’ll go through your options.