Complete Home Buying Cost Calculator
Buying your first home involves more than just the purchase price. Use this all-in-one calculator to understand all the costs involved in homeownership.
Enter Your Home Details
Your Home Buying Costs
Note: Property taxes vary by location. Check with your local tax assessor for exact rates.
Note: PMI is typically required when your down payment is less than 20% of the home's purchase price.
Affordability Analysis
Enter your details and click Calculate to see your affordability analysis.
Understanding Your Home Buying Costs
Buying a home involves many costs beyond just the purchase price. This calculator helps you understand all the expenses involved:
Monthly Costs
These are the recurring costs you'll pay each month as a homeowner, including your mortgage payment, property taxes, insurance, and maintenance.
Upfront Costs
These are one-time costs paid when purchasing your home, including your down payment, closing costs, and moving expenses.
Closing Costs
These are fees and expenses you pay when finalizing your mortgage and home purchase, typically ranging from 2-5% of the loan amount.
Property Taxes
These are taxes assessed by your local government based on the value of your property, typically paid annually or as part of your monthly mortgage payment.
Insurance
Homeowners insurance protects your property, and private mortgage insurance (PMI) may be required if your down payment is less than 20%.