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How to use
- Enter Mortgage payment.
- Enter Monthly taxes.
- Enter Monthly insurance.
- Enter HOA/service fees.
- Enter Monthly maintenance reserve.
- Calculate, then review what is included in the definition before making a financial decision.
How it is calculated
Monthly cost = mortgage + taxes + insurance + fees + maintenance
Example
2,800 mortgage + 800 taxes + 350 insurance + 250 fees + 500 maintenance = 4,700 monthly or 56,400 annualized.
Important notes
This is a simplified cash-cost view. It does not separate principal from interest or include opportunity cost or property appreciation.
Worked examples and interpreting results
| Case | Calculation | Result |
|---|---|---|
| Monthly | 2800 + 800 + 350 + 250 + 500 | 4,700 |
| Annualized | 4700 × 12 | 56,400 |
Frequently asked questions
Is principal economically the same as interest?
It is a cash outflow, but principal increases equity. This calculator simply totals cash payments.
Is this a loan approval or credit decision?
No. This is a numerical calculator only; lenders may use different income, debt, appraisal and fee policies.
Should I use gross or net income?
Use the income type named by the field. Do not substitute net for gross because it changes the denominator and result.