Miami-Dade County Mortgage Calculator
On the Miami-Dade County median home price of $425,000, a 20%-down, 30-year loan at today's 6.47% rate runs about $3,031/month — $2,142 principal & interest, $294 property tax at Miami-Dade County's 0.83% effective rate, and $595 homeowners insurance. That is about $18/month more than the Florida state-average tax rate would cost on the same home. Enter your own price and down payment below.
$3,031 /mo
P&I: $2,142 · Tax: $294 · Insurance: $595
Loan amount: $340,000 · Total interest: $431,238
Yearly amortization schedule
| Year | Interest | Principal | PMI | Balance |
|---|---|---|---|---|
| 1 | $21,886 | $3,822 | — | $336,178 |
| 2 | $21,631 | $4,077 | — | $332,101 |
| 3 | $21,360 | $4,348 | — | $327,753 |
| 4 | $21,070 | $4,638 | — | $323,115 |
| 5 | $20,761 | $4,947 | — | $318,167 |
| 6 | $20,431 | $5,277 | — | $312,890 |
| 7 | $20,079 | $5,629 | — | $307,261 |
| 8 | $19,704 | $6,004 | — | $301,257 |
| 9 | $19,304 | $6,404 | — | $294,853 |
| 10 | $18,877 | $6,831 | — | $288,022 |
| 11 | $18,421 | $7,286 | — | $280,735 |
| 12 | $17,936 | $7,772 | — | $272,963 |
| 13 | $17,418 | $8,290 | — | $264,673 |
| 14 | $16,865 | $8,843 | — | $255,830 |
| 15 | $16,276 | $9,432 | — | $246,398 |
| 16 | $15,647 | $10,061 | — | $236,337 |
| 17 | $14,976 | $10,731 | — | $225,605 |
| 18 | $14,261 | $11,447 | — | $214,159 |
| 19 | $13,498 | $12,210 | — | $201,949 |
| 20 | $12,684 | $13,024 | — | $188,925 |
| 21 | $11,816 | $13,892 | — | $175,034 |
| 22 | $10,890 | $14,818 | — | $160,216 |
| 23 | $9,903 | $15,805 | — | $144,411 |
| 24 | $8,849 | $16,859 | — | $127,553 |
| 25 | $7,726 | $17,982 | — | $109,570 |
| 26 | $6,527 | $19,181 | — | $90,389 |
| 27 | $5,249 | $20,459 | — | $69,930 |
| 28 | $3,885 | $21,823 | — | $48,107 |
| 29 | $2,430 | $23,278 | — | $24,829 |
| 30 | $879 | $24,829 | — | $0 |
Rates: Freddie Mac PMMS (wk 2026-06-18). Property tax: Tax Foundation. Insurance: Insurance.com. PMI applies when your down payment is under 20% (LTV > 80%). You can request cancellation at 80% LTV; the servicer must auto-terminate it at 78% (Homeowners Protection Act). How we calculate →
Monthly payment breakdown for a Miami-Dade County home
At the Miami-Dade County median home price of $425,000, a conventional 30-year loan at 6.47% with 20% down splits into: $2,142 principal & interest, $294 property tax, and $595 homeowners insurance — a total PITI of $3,031/month.
The property tax line uses Miami-Dade County's real effective rate of 0.83% (median tax bill of $3,516 on a median home value of $425,400, US Census ACS), not a generic national average — so this figure reflects what Miami-Dade County actually charges, before any local exemption.
Miami-Dade County vs the Florida state average property tax rate
Miami-Dade County's 0.83% effective property tax rate is above Florida's 0.78% state average. On the same $425,000 home, that difference works out to $18/month more in the tax line of the mortgage payment compared with paying the Florida average rate instead of Miami-Dade County's.
Property tax is set locally — by the county, city and school district — so the state average is only a rough guide. Two otherwise identical Florida homes in different counties can carry meaningfully different monthly payments purely because of where the tax rate lands.
What the Miami-Dade County median buys vs a $400,000 national budget
A $400,000 home taxed at Miami-Dade County's 0.83% rate and insured at Florida's average would run about $2,888/month — $143 less than the Miami-Dade County county median payment of $3,031/month, since Miami-Dade County's median home price ($425,000) is $25,000 above the $400,000 reference used elsewhere on this site.
In other words, price — not tax rate — usually drives the biggest gap between a Miami-Dade County payment and a generic national estimate. Use the calculator above to swap in your own target price.
PMI in Miami-Dade County if you put down less than 20%
Putting 10% down instead of 20% on the same $425,000 Miami-Dade County home adds private mortgage insurance (PMI) of about $255/month, bringing the total payment to roughly $3,554/month instead of $3,031. PMI is required on conventional loans below 20% down and cancels automatically once your loan balance reaches 78% of the original price.
Miami-Dade County mortgage — frequently asked questions
How much is a mortgage payment in Miami-Dade County?
On the Miami-Dade County median home price of $425,000, a 20%-down 30-year loan at 6.47% runs about $3,031/month total (principal, interest, property tax and insurance).
What is the property tax on the median home in Miami-Dade County?
Miami-Dade County's effective property tax rate is 0.83%, which works out to about $294/month ($3,528/year) on the $425,000 county median home value.
How does Miami-Dade County property tax compare to the rest of Florida?
Miami-Dade County's 0.83% effective rate is above the Florida state average of 0.78%, a difference of about $18/month on a $425,000 home.
What income do I need to afford a home in Miami-Dade County?
Using the common 28%-of-gross-income guideline against the $3,031/month PITI payment on the Miami-Dade County median home, that implies a gross annual income of roughly $129,898.
How much does PMI cost in Miami-Dade County with less than 20% down?
Putting 10% down on the $425,000 Miami-Dade County median home adds about $255/month in PMI, for a total payment near $3,554/month instead of $3,031.
What's included in a Miami-Dade County mortgage payment?
PITI: principal and interest together $2,142, property tax $294 at Miami-Dade County's 0.83% rate, and homeowners insurance $595 at the Florida state average — no HOA dues assumed unless you add them above.
More Florida counties in this pilot
Florida mortgage calculator · Miami-Dade County property tax deep-dive — the full county-by-county property tax breakdown behind this payment estimate.
Mortgage calculators in other pilot counties
Researched & verified by the Calcuris Data & Research Team. How we build and check our tools →