Mortgage calculator for foreign buyers
What a Miami new-construction home costs you each month. Foreign-national rates and down-payment thresholds are baked into the defaults.
Foreign-national lenders usually ask for 30–40% down at 7–8% interest. Defaults reflect the 2026 Miami market.
Estimate only. Not a credit quote. Actual rates depend on lender, residency status, credit profile and property type. Miami House Market is not a licensed lender or broker.
Financing a Miami home when you are not American
You do not need US citizenship or a US credit history to borrow against a Miami home. Foreign-national mortgage programs exist for exactly this buyer, and several Florida lenders write them every week. What changes is the shape of the deal, not whether you qualify.
Expect to put more down. Where a US resident might borrow with 20% down, a foreign national is usually looking at 30% to 40%. Rates sit a little higher too, often a point or two above what a citizen with a local credit file would see. Lenders lean on your income and assets abroad instead of a US score, so clean, translated bank statements move things along faster than anything else.
What the monthly number actually contains
The payment on the calculator is principal and interest. In Florida the rest of the picture can add a third to a half on top. Property tax runs roughly 1.8% to 2.2% of value a year, and a second home does not get the homestead cap that lowers the bill for full-time residents. Insurance is the other surprise. Wind and flood coverage near the coast has climbed hard, and a newer building with modern construction usually prices better than an older one.
HOA dues are the third line. On a condo they cover the building and its amenities, and they can rival the tax bill in a full-service tower. Add these three before you decide a rent check covers the mortgage, because on paper it often does and in practice it sometimes does not.
Before you trust the estimate
The defaults here are a starting point, not a quote. Your real rate depends on the lender, the specific building, your down payment, and how your income reads to an underwriter. Two buyers with the same price can walk away with very different monthly numbers.
When you want figures you can actually plan around, we introduce you to the foreign-national lender who prices your file and to the developer whose building you are weighing. We do not lend or broker the loan ourselves. We point you to the people licensed to do it.