Miami mortgage calculator
Miami has no state income tax and a moderate property-tax rate, but home insurance has become a major and rising cost here — one that can meaningfully change the true monthly payment.
Jump to another calculator — pick a state or region to go there.
Miami mortgage inputs
Enter your gross monthly income above to see an affordability read (based on the standard 28% front-end DTI guideline).
Loan amount: $320,000
Starts from Florida's 0.78% average effective property-tax rate. Your rate in Miami-Dade County may differ — edit any field for your exact numbers.
Buying a home in Miami
Florida's exposure to hurricanes has pushed home-insurance premiums up sharply in recent years, and in coastal Miami that cost can be a large part of ownership. Always get a real insurance quote for a specific property and add it to your estimate — the loan and property tax alone will understate your true monthly cost here more than in most markets.
As a worked example, a $400,000 home with 20% down and a 6.55% 30-year fixed rate works out to about $2,033 a month in principal and interest, plus roughly $260 for property tax at Florida's 0.78% average — a core cost near $2,293 before insurance and any HOA. Enter Miami prices you're actually seeing to get your real figure.
See more Florida mortgage details →
Frequently asked questions
How much is a monthly mortgage payment in Miami?
It depends on the home price, your rate, and your down payment. As an example, a $400,000 home with 20% down at 6.55% over 30 years is about $2,033 in principal and interest, plus roughly $260 a month for Florida's 0.78% average property tax — before insurance and any HOA or maintenance charges.
Does this calculator include Miami property taxes?
Yes — it starts from Florida's statewide average effective property-tax rate of 0.78%. Local rates in Miami-Dade County can differ, so check your county assessor and adjust the property-tax field for your exact number.
Does the calculator store my information?
No. Everything is calculated in your browser — no account, no email, no lead form, nothing saved or sent to a server.