What could owning cost?
Build a monthly ownership budget and a separate plan for upfront cash.
Illustrative defaults only. Enter your own figures. All amounts in US dollars.
How this works · assumptions and limitations
Fixed-rate amortization: payment = P × r / (1 − (1+r)−n), where r is the monthly rate and n is the number of months. At 0% the payment is P/n. Monthly budget adds entered taxes, insurance, HOA, mortgage insurance and maintenance reserve. Upfront target = down payment + entered closing/prepaid costs + cash to keep; deposits or credits already paid are not deducted. Actual cash to close comes from the lender and settlement provider. Excludes utilities, renovations, variable rates, tax effects and future increases. Mortgage insurance is entered manually and is not calculated by loan type. Consumer Financial Protection Bureau ↗