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What a home really costs a month

Pick a town and a budget or price. You'll see the full bill, not just principal and interest: local property tax, insurance, flood where it applies, and CDD or city fees.

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Worth knowing in Palmetto

  • Inside Palmetto city limits, property tax on a typical $305K home runs about $125 a month more than just outside the city. Its 19.2 mills is the highest rate in the area. Manatee County Property Appraiser
  • Palmetto qualifies for Manatee County's down payment loan: 0% interest, forgiven after 20 years, for homes up to $400,000 through a county-certified lender. Manatee County

That budget covers a home around

$325,000

True monthly cost

$2,981/mo

  • Mortgage$2,137
  • Mortgage insurance$144
  • Property tax$450
  • Home insurance$250
Cash to close (about)
$21,125
Property tax a year
$5,406 with homestead ($6,230 without)

3.5% down, 30-year fixed at this week's Freddie Mac average, mortgage insurance about 0.55% a year: 7.24%, week of Oct 29, 2026 (Freddie Mac). Tax at 19.17 mills after Florida homestead. Cash to close = 3.5% down plus about 3% in closing costs. An estimate, not a loan quote.

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