Calculators
What it costs to buy in Miami
Your monthly payment, your closing costs, and the cash you need on closing day.
Mortgage payment
Loan amount
$520,000
Principal and interest
$3,460
Taxes and insurance
$1,350
Total monthly
$5,660
Estimate only. Your rate, taxes, and insurance depend on the lender, the property, and your profile.
Closing costs and cash to close
Mortgage taxes
$2,860
Other closing costs
$11,100
Total closing costs
$13,960
Cash to close
$143,960
Mortgage taxes use Florida's rates: documentary stamp tax on the note ($0.35 per $100 of the loan) and intangible tax (0.2% of the loan). Every other default is an example. Ask for the developer's or seller's closing-cost estimate.
Next step
Talk to an advisor
We check these numbers against a real property: the association budget, the tax history, and what the contract asks you to pay at closing.