Tool · Foreign-buyer financing

Miami mortgage calculator

Calculate your monthly payment instantly. Defaults set for non-US-resident buyers: 30% down, 6.5% rate, 25-year term.

Property price$750,000
Down payment30%

For non-US residents, lenders typically require a 25-35% minimum.

Annual interest rate6.5%

Conventional foreign-buyer rates in Miami: 5.85-7% (June 2026).

Term25 years

Instant estimate

$3,556

Estimated monthly payment (principal + interest)

Loan amount$525,000
Down payment$225,000
Total paid (principal + interest)$1,066,800
Total interest$541,800
Total payments300

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About this calculator

This tool estimates the monthly principal + interest payment of a conventional mortgage to buy property in Miami. The defaults are calibrated for the typical non-resident buyer scenario: 30% down, fixed 6.5% rate (current range as of June 2026), 25-year amortization.

What the calculator does NOT include

To reach the real monthly cost of ownership, add to the P&I (principal + interest):

Foreign-friendly financing

If you are a non-US-resident buyer, the lenders that typically accept your profile are: foreign-national mortgages from Florida-based banks (Bank of America, City National, Banesco USA), private lenders specialized in cross-border deals, and developer financing on pre-construction.

The typical process: initial approval in 5-10 days with income documentation from your home country, international credit verification, and 25-35% down. Remote closing via power of attorney is standard.

Want a projection specific to your case?

If you have a specific property in mind (anywhere in Miami-Dade or Broward), I'll send you a personalized projection: real monthly payment with taxes + HOA + insurance + neighborhood comparables + concrete financing options with market lenders. Write to me here.