Calculate using real Miami data. Median home price: $450,000. Property tax rate: 0.97%.
The median home price in Miami, FL is $450,000. With a 20% down payment, you would need $90,000 down and finance $360,000.
Based on the median home price of $450,000 with 20% down at a 6.5% rate, the estimated monthly payment (principal & interest) is approximately $2,275.
The median household income in Miami, FL is $46,390, which impacts how much home you can afford.