Mortgage Rates in Cape Coral, Florida — March 2026
Updated March 2026 | Based on Cape Coral market data and regional lending conditions
Cape Coral is a growing city in Florida with a population of 194,016. The current 30-year fixed mortgage rate in Cape Coral is 6.67%, which is 0.02% above the national average. With a median home price of $365,000 and a 20% down payment of $73,000, homebuyers can expect a monthly principal and interest payment of approximately $1,878.
Current Mortgage Rates in Cape Coral, FL
Below are the current average mortgage rates available in the Cape Coral area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.27% | 6.25% | +0.02% |
| VA | 6.07% | 6.05% | +0.02% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Cape Coral Housing Market Overview
The Cape Coral housing market reflects moderate demand with prices near the national average. The median household income in Cape Coral is $56,825, and the cost of living index is 96.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $91,714 to comfortably afford the median-priced home in Cape Coral, which exceeds the current median household income.
Monthly Payment Breakdown for Cape Coral
Based on the median home price of $365,000 with 20% down ($73,000), here is what you can expect to pay monthly in Cape Coral:
15-Year vs. 30-Year Mortgage in Cape Coral
Choosing a 15-year mortgage in Cape Coral at 5.91% instead of a 30-year at 6.67% would save you $235,080 in total interest over the life of the loan. However, your monthly payment would be $2,450 instead of $1,878 — an increase of $572 per month.
Calculate Your Cape Coral Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Cape Coral
What are the current mortgage rates in Cape Coral, FL?
As of March 2026, the average 30-year fixed mortgage rate in Cape Coral, Florida is 6.67%, while the 15-year fixed rate is 5.91%. FHA loans average 6.27% and VA loans 6.07%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Cape Coral?
Based on the median home price of $365,000 with 20% down, the estimated monthly mortgage payment in Cape Coral is $1,878 for principal and interest. Including property taxes of $262/month, the total monthly housing cost is approximately $2,140.
What income do I need to buy a home in Cape Coral?
Using the 28% rule, you would need an annual income of approximately $91,714 to afford the median-priced home in Cape Coral at $365,000. The median household income in Cape Coral is $56,825. This means most households would need to either earn above the median or consider homes below $365,000.
Is Cape Coral a good place to buy a home in 2026?
Cape Coral offers a below-average cost of living with a cost of living index of 96.5 (national average = 100). The property tax rate in Florida is 0.86%, which is near the national average. Cape Coral has a population of 194,016 and offers a balanced lifestyle.
Mortgage Rates in Other Florida Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cape Coral, Florida area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.