FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.699% APR and $3,289 monthly payment at 70% loan-to-value (LTV) and 1.918 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.141% APR and $3,248 monthly payment at 70% loan-to-value (LTV) and 1.856 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.093% APR and $4,022 monthly payment at 70% loan-to-value (LTV) and 2.088 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.438% APR and $3,307 monthly payment at 70% loan-to-value (LTV) and 2.235 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $8,007 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 0.92% effective rate for Hillsborough County, Florida, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $6,797 for Tampa, FL, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.865% APR and $3,319 monthly payment at 70% loan-to-value (LTV) and 2.435 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.297% APR and $3,289 monthly payment at 70% loan-to-value (LTV) and 2.391 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.358% APR and $4,071 monthly payment at 70% loan-to-value (LTV) and 2.339 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 12, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.682% APR and $3,367 monthly payment at 70% loan-to-value (LTV) and 2.345 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 9, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $8,087 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 0.92% effective rate for Hillsborough County, Florida, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $6,797 for Tampa, FL, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
Estimated monthly payment includes principal, interest, estimated Tampa, FL property taxes, and estimated homeowners insurance.
In Tampa, homes are selling in about 75 days (4 slower than a year ago), sales are down 0.3% from last year, and about 27% of listings have had a price cut.
Monthly payments on Tampa's median home price of $439,900 (September 2026), at today's rates.
20% down · Conventional
$3,275/mo
Down payment
$87,980
Loan amount
$351,920
Rate
7.125%
Principal & interest
$2,371
Est. property tax
$337
Est. homeowners insurance
$566
5% down · Conventional
$3,719/mo
Down payment
$21,995
Loan amount
$417,905
Rate
7.125%
Principal & interest
$2,816
Est. property tax
$337
Est. homeowners insurance
$566
3.5% down · FHA
$3,741/mo
Down payment
$15,397
Loan amount
$431,932
Rate
6.875%
Principal & interest
$2,837
Est. property tax
$337
Est. homeowners insurance
$566
Payments include principal, interest, estimated Tampa property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues.
The FHA loan amount includes the 1.75% upfront mortgage insurance premium.
These are examples based on the median price, not the sample loan used in the rate table above.
How much income do you need to buy a home in Tampa?
A common lender guideline is to keep your total housing payment (principal, interest, estimated Tampa property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Tampa's $439,900 median home:
20% down · Conventional$3,275/mo payment$140,341/yrabout $11,695/mo before taxes
5% down · Conventional$3,719/mo payment$159,394/yrabout $13,283/mo before taxes
3.5% down · FHA$3,741/mo payment$160,336/yrabout $13,361/mo before taxes
Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.
What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.
Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.
How rates change your payment
Principal and interest on a $351,920 loan (the Tampa median price with 20% down). Every 0.25% is worth about $59/mo.
Rate
6.13%
6.38%
6.63%
6.88%
7.13% today
7.38%
Monthly P&I
$2,138
$2,196
$2,253
$2,312
$2,371
$2,431
Ways to make a Tampa home more affordable
Negotiate on price. About 27% of Tampa listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 75 days to sell, 4 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $118 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.
Tampa mortgage and home buying FAQs
What are mortgage rates in Tampa today?
As of October 9, 2026, Lower’s 30-year fixed conventional rate in Tampa is 7.125% (7.438% APR), and the 30-year FHA rate is 6.875% (7.699% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.
What is the monthly payment on a median-priced home in Tampa?
On Tampa’s $439,900 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $3,275 a month, including principal, interest, estimated Tampa property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $3,741 a month before monthly mortgage insurance.
How much income do I need to buy a house in Tampa?
To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $140,341 a year to buy Tampa’s $439,900 median home with 20% down, or about $160,336 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.
How much do I need for a down payment in Tampa?
On the $439,900 median home, 20% down is $87,980, 5% down is $21,995, and the FHA minimum of 3.5% is $15,397. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.
Is it a buyer’s or seller’s market in Tampa right now?
In September 2026, Tampa homes sold in about 75 days, 4 days slower than a year earlier. 4216 homes sold, down from 4229 the year before, and about 27% of the 4526 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.
How much does a quarter-point rate change affect payments in Tampa?
On a $351,920 loan (the median Tampa home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $59 a month, or about $709 a year.
How much are property taxes in Tampa?
Lower estimates Tampa property taxes at about 0.92% of a home’s value per year. On the $439,900 median home, that’s roughly $4,047 a year, or $337 a month. Your actual bill depends on your assessed value and any exemptions.
Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Tampa from The Zebra; your quote will vary. Rates as of October 9, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.
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