Homeownership Cost Calculator
True Monthly Cost of Ownership
When people say “my mortgage is $2,500 a month,” they’re only talking about the loan payment. The actual cost of owning a home includes property taxes, insurance, maintenance, and more. This tool shows every line item.
What you’ll need: A home price, how much you’d put down, and your city (for tax rates).
What you’ll get: A complete monthly cost breakdown: loan payment, property taxes, home insurance, PMI (the extra fee for putting less than 20% down), HOA fees, routine maintenance, and capital reserves (money to set aside for big repairs like a new roof or furnace).
Why it matters: Many first-time buyers are shocked when their actual monthly cost is $500–$1,000 more than their mortgage payment. This tool prevents that surprise.
Down payment: $50,000 · Loan: $450,000 · PMI applies
Property tax rate: 1.10% · $5,500/yr
Monthly Cost Breakdown
$49,749/yr
Capital Replacement Schedule
Major systems wear out on a schedule. Setting aside money now prevents financial shock later. Reserves adjust based on your home’s age (10 years).
$53,069/yr
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These are estimates to help you plan — not predictions. Insurance rates, maintenance costs, and capital replacement timelines vary significantly. Consult a licensed inspector before purchase.