True monthly cost of owning
The true monthly cost of owning: mortgage, property tax, HOA, insurance and upkeep added into one number instead of just principal and interest.
True monthly cost
$6,309
Adds up everything a Miami home really costs each month, not just the mortgage. The mortgage line assumes a 30-year fixed loan; it does not model an adjustable rate, an interest-only period, or PMI. Cash buyers still pay taxes, HOA, and insurance. Special assessments, which Florida condos levy often and which can run to tens of thousands, are not in here at all. Figures are your estimates; we confirm the real numbers on a specific property.
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