Mortgage payment calculator
Estimate the full monthly payment: principal, interest, property tax, insurance, HOA and PMI.
An estimate for planning only. The property tax field starts from City of Miami's combined millage of 20.5 mills, which is 2.05% of taxable value a year and the same basis our property tax calculator uses; every other city sets its own millage, and a homestead held for years is assessed well below what it would sell for, so change the field for the property you are actually looking at. Actual taxes, insurance, HOA, and PMI vary by property and lender. PMI is charged on the loan balance and drops off at 20% down or more. The figure assumes a fixed rate for the whole term and does not include closing costs. Not a loan offer or financial advice.
More free tools
Affordability calculator
See the price range you can afford from income, debts and down payment, with taxes, insurance, HOA and PMI counted in, and a foreign-national option.
Closing-cost estimator
Itemised Miami-Dade buyer closing costs, cash or financed: title insurance, recording, survey and mortgage taxes, with deed stamps and FIRPTA explained.
Rent vs buy calculator
Compare the real cost of renting and buying over your time horizon, including property tax, insurance, selling cost and a return on the down payment.
Neighborhood match quiz
Answer five questions about budget, how you will use the home, property type and getting around, and see which Miami areas match your answers.
Property tax calculator
Estimate annual property tax in any US state, with Miami-Dade detail for Florida.
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.
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