Cost to own calculator
What does it really cost to own?
The mortgage is only part of the picture. Property tax, insurance, HOA dues, and the repairs you set money aside for all add up. Enter a price, your loan terms, and those carrying costs, and this gives you a planning estimate of the full yearly and monthly cost of owning. Every field is a starting point you can change. It is not a quote or a loan approval and makes no claim about the market. The math runs entirely on your device.
What does it cost to own each year?
A planning estimate from the numbers you enter. It adds the loan payment to the carrying costs people forget: property tax, insurance, HOA, and a maintenance reserve you choose. It is not a quote or a loan approval and makes no market claim. The math runs on your device and nothing is sent anywhere unless you ask me to.
Every field is a starting point you can change. The maintenance reserve is an amount you choose to set aside for upkeep, not an average or a rule. Tax, insurance, and HOA figures here are your own estimates, not quoted or standard costs. Your real numbers come from a lender, the county assessor, an insurance quote, and the HOA.
Estimated cost to own
$54,809per year
About $4,567 per month, all in: loan payment plus tax, insurance, HOA, and the maintenance you set aside.
Where the yearly cost goes
Loan payment (principal and interest): $45,509/yr
Property tax: $4,500/yr
Homeowners insurance: $1,800/yr
Maintenance reserve: $3,000/yr
Estimated cost to own: $54,809/yr
Want the real numbers, not an estimate? Call or text Jon at (623) 826-0888. He will connect you with a local lender for an exact payment, and point you to the county and HOA figures for the home you are considering. You reach him, not a call center.
Still working out the purchase?
See the price range you can shop in with the affordability calculator, run the monthly payment behind a price with the mortgage payment calculator, or estimate the cash you need up front with the cash to close calculator.
Selling to fund the purchase?
If the down payment comes from selling your current home, the seller net-proceeds calculator estimates what you would walk away with after payoff, commission, and closing costs. Or call Jon at (623) 826-0888 to plan the whole move together.
Questions buyers ask
- What does cost to own include?
- It adds the loan payment (principal and interest) to the carrying costs people forget: property tax, homeowners insurance, HOA dues, and a maintenance reserve you choose. The result is a yearly and monthly total from the numbers you enter.
- What is a maintenance reserve?
- It is an amount you decide to set aside each year for repairs and upkeep. It is not an average, a percentage rule, or a required figure. You enter whatever number fits your own plan, and you can change it or set it to zero.
- Are the tax, insurance, and HOA figures the standard amounts?
- No. Every field here is a starting point you can change. They are not averages, quotes, or required figures. Property tax comes from the county assessor, insurance from a quote, and HOA dues from the association for the specific home.
- Does this compare renting to buying or predict my costs?
- No. It does not compare renting and buying and makes no claim about the market or future costs. It only totals the figures you enter today, so you can see the full cost of ownership in one place.
- How do I get the real numbers?
- Use the Get pre-qualified button, or call or text Jon at (623) 826-0888. He will connect you with a local lender for an exact payment, and point you to the county and HOA figures for the home you are considering.
See every calculator in one place on the home tools hub.
Jon Hegreness · REALTOR / Associate Broker, Howe Realty · License BR540940000