Search

Free browser calculator

Monthly Homeownership Cost Calculator

Combine the recurring and irregular costs of owning a U.S. home. Enter annual bills where appropriate; the calculator converts them to monthly planning amounts. Inputs stay in your browser.

Do not enter taxes or insurance twice when your mortgage amount already includes escrow. Use principal and interest only in the first field.

Planning result

Your estimate

Mortgage P&I$2,200
Taxes and insurance$700
Maintenance reserve$500
Other monthly costs$450
Estimated total per month$3,850
Estimated total per year$46,200

This is a planning budget, not a lender payment quote. It excludes purchase closing costs, income taxes and transaction-specific charges.

What this calculator includes

The result combines principal and interest with monthly equivalents for annual property taxes, insurance, maintenance and other ownership costs. It also includes monthly HOA dues, mortgage insurance and utilities.

Avoid double counting escrow

Mortgage statements often show one total that already includes taxes and insurance. Enter only the principal-and-interest portion in the first field, then enter annual taxes and insurance separately. Read our mortgage escrow guide for help identifying the parts.

Use the result as a planning range

Actual costs change with property use, local taxes, insurance renewals, association budgets, utility consumption and repairs. Stress-test the result with higher maintenance and insurance assumptions before deciding what is affordable.

Related guide

See The Total Monthly Cost of Owning a Home for a category-by-category budgeting framework.

Calculator disclaimer

This tool provides a simplified planning estimate. It is not lending, investment, legal, tax, insurance or professional advice. Verify assumptions using property documents, written quotes and qualified professionals.