Mortgage Calculator
Run scenarios on principal and interest, property tax, hurricane insurance, and HOA dues. Pre-tuned to Collier County (0.89%) and Kalea Bay tower defaults.
Estimated Monthly
$20,788
- Principal & interest
- $16,592
- Property tax
- $2,596
- Insurance
- $400
- HOA
- $1,200
- Loan amount
- $2,625,000
- Down payment
- $875,000
- Total interest (30 yr)
- $3,348,043
- Total paid (30 yr)
- $5,973,043
Estimates only. Actual rates, taxes, insurance, and HOA dues vary by residence, lender, and tower. For a binding figure, request a Loan Estimate from your lender and the most recent HOA dues schedule from the listing.
What goes into the monthly number
Principal and interest is calculated using the standard amortization formula. Property tax uses the rate you enter (Collier County's average effective rate is 0.89% of assessed value). Insurance is your annual HO-6 plus contents premium divided by twelve. HOA is your monthly association dues.
For Kalea Bay specifically, HO-6 (interior-only) coverage is meaningfully less expensive than a single-family Florida coastal policy because the master policy carried by the HOA covers the building exterior, common elements, and amenity deck.
Always confirm before you write an offer
This calculator is intentionally conservative. It does not include private mortgage insurance (PMI), points buy-down, lender-specific fees, or the most recent HOA dues schedule for a specific tower. For a binding figure, request a Loan Estimate from your lender and the most recent HOA documents from the listing.
If you are weighing a specific Kalea Bay residence, message Mindy and we will pull the actual dues, the most recent reserve study, and a tower-by-tower comparison.
Closing costs are a separate calculation
Florida has its own statutory closing costs - documentary stamps on the note, intangible tax, doc stamps on the deed, tiered owner's title insurance - that are easy to underestimate. The Closing Cost Estimator on this site walks through Buyer and Seller scenarios for both Collier and Lee counties.
Let's find your residence at Kalea Bay.
Whether you're weighing a Tower 100 sunrise view against a west-facing Tower 500 penthouse, Mindy will guide every comparison with floor plans, recent comps, and an honest assessment of fit.