Monthly all-in payment with $250K condo proceeds down · live FL insurance model
1 The Mortgage
$
$
%
yrs
Loan amount$450,000
Principal & interest$2,844
2 Property Tax
%/yr
Annual property tax$6,650
Monthly$554
3 FL Insurance Estimate
$
Risk & mitigation factors
$
Estimated annual premium
$8,505
Wind/hazard + flood · ~$709/mo
Total monthly payment
$4,107
per month, all-in
$49,284 / year
∑ Monthly Breakdown
Principal & interest$2,844
Property tax$554
Insurance (wind/hazard)$559
Flood (if any)$150
Total$4,107
◷ Context
Price as % of $11.5M net worth6.1%
Carry vs. $12K Sequiota baseline34%
Effective insurance rate$16.2 / $1K
Insurance as % of total carry17%
How the insurance estimate works: It multiplies your dwelling (rebuild) coverage by a Naples baseline rate per $1,000, then adjusts for the factors that actually drive Collier County premiums — build year vs. the 2001 wind code, roof age and shape, masonry vs. frame, and wind-mitigation features — and adds a separate flood line if you're in an AE/VE zone. Defaults reflect 2026 SW-Florida market data: Naples averages roughly $9,660/yr for $300K dwelling coverage, with well-mitigated CBS homes closer to $4,500. This is a planning estimate, not a quote — get a real bind from a Florida agent (American Integrity, Florida Peninsula, and Security First were among the cheaper Naples carriers in early 2026). Flood is always a separate policy; the standard HO-3 does not include it.
Personal-residence note: This is a lifestyle/equity decision — none of this enters REPS hours or the §1.469-9(g) grouping. Janel is a joint stakeholder on any purchase.