True Cost of Homeownership Calculator

Go beyond the mortgage payment and see what owning a home really costs each month.

Home Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (Years)

Annual Property Tax Rate (%)

Annual Homeowners Insurance ($)

Monthly HOA Fee ($)

Annual Maintenance Reserve (% of purchase price)

Rule of thumb: 1% of home value/year set aside for unexpected repairs and long-term upkeep.

Estimated True Monthly Cost

$3,358

Principal & Interest$2,27568%
Property Taxes$40012%
Homeowners Insurance$1254%
Mortgage Insurance (PMI)$2257%
HOA$00%
Maintenance & Repair Reserve$33310%
Total Utilities$00%

Want the full roadmap to avoid costly purchase mistakes? See the First-Time Buyer Playbook

Estimates only. PMI assumes 0.75% of the loan per year when down payment is under 20%; maintenance reserve uses the percentage you enter. The total is the sum of the rounded line items.