Royal Palms Realty

Royal Palms Realty · Property planning

Key West Mortgage Calculator

Estimate a fixed-rate mortgage payment with property taxes, homeowners, wind and flood insurance, HOA dues, and mortgage insurance.

Example inputs only. Replace them with property-specific figures and quotes.

Purchase & financing
Ownership costs
Use an estimate for the new owner; the seller’s tax bill may differ.
Enter zero if already included in homeowners insurance.
Enter your lender’s PMI or mortgage insurance quote if applicable.

Estimated monthly ownership payment

$6,473Based on your assumptions
Principal and interest / month
$5,057
Property taxes / month
$667
Home, flood and wind insurance / month
$750
HOA / month
$0
Mortgage insurance / month
$0
Loan amount
$800,000
Down payment
$200,000
Interest over full loan term
$1,020,356

Planning estimates, not financing offers, settlement statements or guaranteed returns. Displayed dollar amounts are rounded.

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How this estimate works

Principal and interest use a fully amortizing, fixed-rate loan with monthly payments. The rate is an example, not a current offer or APR.

Taxes and insurance are divided by 12 for budgeting, whether paid through escrow or separately. Avoid counting wind coverage twice.

Maintenance, utilities, special assessments, closing costs and future increases are excluded. Mortgage insurance is entered manually; this calculator does not determine eligibility or cancellation.

Frequently asked questions

What does the monthly estimate include?

Principal and interest plus your entered property taxes, insurance, HOA dues and mortgage insurance. Review each assumption for the specific property.

Can I model a cash purchase?

Yes. Set the down payment to 100%. The mortgage payment becomes zero while taxes, insurance and HOA costs remain.

Why include separate flood and wind insurance?

A property’s coverage can involve separate policies. Use actual quotes and enter zero for any coverage already included in another policy.

Put the numbers in context

Compare your assumptions with a specific home, its insurance quotes, association documents and financing terms. Explore Key West properties, browse ultra luxury Key West homes, or ask Scott about a property.

For an explanation of lender disclosures, see the Consumer Financial Protection Bureau’s Loan Estimate guide.

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