Mortgage Affordability Calculator West Palm Beach, FL
How much house can you afford in West Palm Beach? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.
Updated · current rates and lending limits
Add your partner's income if you're buying together.
Car loans, credit cards, lines of credit, student loans. Not rent.
Enter your yearly household income.
Savings and gifts from family count. Many first-time buyer loans need just 3% down; under 20% you pay mortgage insurance.
7.40% (Freddie Mac 30-year average, October 2026). Change it if you've been quoted a rate.
Enter your down payment.
| After | Paid in total | Still owed |
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Ideal Lending LLCPremium
5.0 · 348 reviews · Free pre-approval
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Palm Beach First Financial and Mortgage: Eric Lieberman
5.0 · 104 reviews · Free pre-approval
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Palm Beach Mortgage Group, Inc.
4.9 · 101 reviews · Free pre-approval
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An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.
Top-rated mortgage brokers in West Palm Beach
Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →
Ideal Lending LLC
Ideal Lending LLC specializes in finding mortgage programs tailored to each buyer’s unique situation, whether first-time or experienced homeowners. Their team offers a variety of loan options and is known for clear communication and personalized support throughout the process. Some customers note occasional wait times but appreciate the attentive, caring service.
Palm Beach First Financial and Mortgage: Eric Lieberman
Palm Beach First Financial and Mortgage focuses on guiding clients through the mortgage process with clear explanations and personalized support. Their team assists with home purchases, refinancing, and financing strategies, helping both first-time buyers and seasoned investors. Customers often highlight their responsiveness and thorough communication throughout the process.
Palm Beach Mortgage Group, Inc.
Palm Beach Mortgage Group, Inc. works with over 100 investors to offer a wide range of loan options, including fixed and adjustable-rate mortgages with flexible documentation requirements. Clients appreciate the team’s clear communication and fast turnaround, though some note the process can feel intense during busy periods.
West Palm Beach Mortgage Statistics
Home-purchase lending in Palm Beach County and home costs in West Palm Beach, FL (latest HMDA and Census data)Lenders made 15,443 home-purchase loans in Palm Beach County in 2025 (average about $601,000) and denied 2,775 — 15% of decided applications, compared with 17% across Florida, according to federal mortgage data (HMDA, CFPB). In West Palm Beach, the median home is worth $414,200 and 57% of owners have a mortgage, paying a median $2,326 a month (Census ACS 2020–2024).
- Home-purchase loans, 2025
- 15,443▲ 3%15,029 in 2024
- Denial rate
- 15%FL 17%
- Median home value
- $414,200FL $359,000
- Monthly cost with a mortgage
- $2,326median · FL $1,959
- Refinance loans made (Palm Beach County, 2025)
- 7,486 · 6,165 in 2024
- Home-improvement loans made (2025)
- 2,545
- Average home-purchase loan
- $601,000 (FL $416,000)
- Owners with a mortgage
- 57% · 43% of them spend 30%+ of income on housing
- Median household income
- $73,446 (FL $74,568)
Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Palm Beach County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.
How this West Palm Beach mortgage affordability calculator works
Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.
Florida rules and numbers this calculator uses
- Debt-to-income
- 31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
- Down payment
- At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
- Property tax
- About 0.76% of the home's value a year, the Florida average for owner-occupied homes (2024 Census ACS).
- Insurance
- Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
- Rate
- Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.
An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.
Frequently asked questions
10 questionsHow does the mortgage affordability calculator work?
How much house can I afford on a $100k salary in West Palm Beach?
What is the minimum down payment for a home in Florida?
How do interest rates affect how much I can borrow?
What is the debt-to-income ratio for a mortgage in Florida?
How does PMI work with less than 20% down?
What are property taxes like in West Palm Beach?
What's the difference between pre-approval and pre-qualification?
How do debts affect my mortgage affordability?
What does a mortgage broker do?
General information, not financial advice — consult a qualified professional.