What does this mortgage calculator estimate?

It estimates monthly principal and interest, taxes, insurance, HOA or common charges, total monthly carrying cost, loan amount, down payment, and estimated cash required at closing.

Does this calculator include condo common charges or HOA fees?

Yes. Users can enter a monthly HOA, common charge, or maintenance figure so the monthly payment reflects the carrying cost of a specific condo, co-op, or Miami association.

Is this a mortgage quote?

No. This calculator is an educational planning tool. Interest rates, loan programs, closing costs, taxes, insurance, and approval terms must be confirmed with a licensed mortgage professional, attorney, accountant, and the applicable property documents.

Interactive financing tool

Mortgage Calculator

Model the monthly carrying cost of a Manhattan or Miami purchase. Adjust price, down payment, rate, taxes, insurance, HOA or common charges, and closing-cost assumptions in real time.

Purchase and loan

Purchase price ($)

Market

Down payment (%) Luxury condo financing often requires 25-40% down, depending on building and borrower profile.

Interest rate (%) Enter your quoted rate. This is not a rate quote.

Loan term (years)

Monthly income for DTI ($) Optional. Used only to show a directional payment-to-income ratio.

Carrying costs

Property tax rate (%)

Insurance ($ / month)

HOA, common charges, or maintenance ($ / month)

Other monthly reserve ($) Use for parking, club dues, assessments, or a custom cushion.

Cash required

Buyer closing costs (% of price) Use the NYC or Miami closing-cost calculator for a deeper itemized estimate.

Prepaids and reserves ($)

How to use the mortgage calculator

Start with the purchase price and market. Then adjust down payment, rate, loan term, monthly building costs, property taxes, and buyer closing-cost assumptions. The model separates principal and interest from carrying costs because Manhattan and Miami condos can look very different once HOA, common charges, insurance, and taxes are included.

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Miami Closing CostsEstimate title, recording, documentary stamp, financing, and buyer closing items. NYC Closing CostsModel mansion tax, mortgage recording tax, attorney fees, and buyer-side friction. Net Proceeds CalculatorFor sellers redeploying capital into a financed Manhattan or Miami purchase.

Mortgage Calculator

How to use the mortgage calculator

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