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Mortgage Calculator

Calculate your monthly mortgage payments, interest rates, and total loan costs to make informed home buying decisions.
$12,364/month
30-year fixed average rate of 6.550%
  • Principal & Interest:
    $9,607
  • Property Tax:
    $1,969
  • Home Insurance:
    $788
  • HOA:
    $0
  • PMI:
    $0
$453,600 due at close
20% down payment, 4% closing cost
Down payment assistance
There are programs that can help you afford homes in this area.
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Average home price in Miami: $630,000
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20% down payment: $378,000
Shorter loan term means less interest paid overall
%
Rate depends on your credit score and down payment
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Total tax/year (1.25% of home price): $23,625
$
Total insurance/year (0.5% of home price): $9,450
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HOA fees may include amenities, maintenance, pool, gym, etc.
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PMI is usually not required with 20% down payment or more
Calculators
Mortgage Calculator
Calculate your monthly mortgage payment.
Refinance Calculator
Estimate your monthly savings with a refinance.
Rent or Buy Calculator
Estimate when it makes sense to buy or rent.
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