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Calculate the recovery period for your underwater home mortgage

 

Is your home loan currently more than the market value of your house? Plug in your numbers here and see approximately how many years of mortgage payments it could take you to break even.

Note: The average annual appreciation rate of a property is 2-3%. This rate does not apply to the current economic market. This calculator also does not take inflation into account, nor any other possible drastic market changes.

Read more Real Estate News stories from the Miami Herald

  • HOUSING

    Florida still foreclosure capital

    More homes were lost to foreclosure in Florida than anywhere else in the year ended in May. The state also posted the highest share of homes in foreclosure and the highest rate of seriously delinquent mortgages.

  • The owner of Casa Casuarina put the property in bankruptcy proceedings in a bid to fend off creditors. The ornate Mediterranean-style mansion on South Beach once belonged to Italian designer Gianni Versace, who was shot to death in front of the property.

    REAL ESTATE

    Casa Casuarina files for bankruptcy protection

    The embattled owner of Casa Casuarina placed the property in Chapter 11 bankruptcy proceedings as he fights creditors’ efforts to foreclose and to obtain a court-appointed overseer.

  • Miami-Dade Property Appraiser Carlos Lopez-Cantera said Monday the overall taxable value of county real estate at the end of last year was $197,133,835,984. That countywide taxable value turned out to be a bit better than a June 1 estimate from the property appraiser, which put growth at 3.1 percent.

    PROPERTY TAXES

    Miami-Dade tax roll up 3.39 percent

    While most municipalities in Miami-Dade County posted growth in their property-tax rolls for 2013, a few areas continue to struggle

Miami Herald

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