MNSKEY · PROPERTY REPORTS

Home Ownership Costs

Estimate financing, closing costs and monthly household expenses.

Enter a property's asking price and reported taxes and fees. Interest rates and other expenses below are editable examples, not lender quotes. Use the detailed breakdown to compare monthly costs and cash needed at closing.

Financing details

Build your estimate

Purchase

Purchase price

Property locationDown payment

$200,000 · estimated minimum $75,000

First-time home buyerNewly built home

Mortgage

Interest rate

AmortizationMortgage termPayment frequencyExtra each payment

Annual lump sum

Monthly ownership costs

Property tax / year

Condo fee / month

Home insurance / month

Heating & utilities / month

Maintenance / month

Other closing costs

Legal, appraisal, inspection and adjustments

Qualification estimate

Gross household income / year

Other debt payments / month

Uses the higher of 5.25% or your rate + 2%, with guideline limits of 39% GDS and 44% TDS. A lender makes the final decision.

Year-by-year

Amortization schedule

Estimated annual mortgage balance, principal and interest
Year	Starting balance	Principal	Interest	Extra payments	Ending balance
1	$800,000	$18,078	$34,523	$0	$781,922
2	$781,922	$18,882	$33,719	$0	$763,040
3	$763,040	$19,722	$32,879	$0	$743,318
4	$743,318	$20,599	$32,002	$0	$722,719
5	$722,719	$21,516	$31,085	$0	$701,203
6	$701,203	$22,473	$30,128	$0	$678,731
7	$678,731	$23,472	$29,129	$0	$655,258
8	$655,258	$24,517	$28,084	$0	$630,742
9	$630,742	$25,607	$26,994	$0	$605,134
10	$605,134	$26,746	$25,855	$0	$578,388
11	$578,388	$27,936	$24,665	$0	$550,452
12	$550,452	$29,179	$23,422	$0	$521,273
13	$521,273	$30,477	$22,124	$0	$490,797
14	$490,797	$31,832	$20,769	$0	$458,964
15	$458,964	$33,248	$19,353	$0	$425,716
16	$425,716	$34,728	$17,874	$0	$390,988
17	$390,988	$36,272	$16,329	$0	$354,716
18	$354,716	$37,886	$14,715	$0	$316,830
19	$316,830	$39,571	$13,030	$0	$277,259
20	$277,259	$41,331	$11,270	$0	$235,927
21	$235,927	$43,170	$9,431	$0	$192,757
22	$192,757	$45,090	$7,511	$0	$147,667
23	$147,667	$47,096	$5,505	$0	$100,571
24	$100,571	$49,191	$3,410	$0	$51,379
25	$51,379	$51,379	$1,222	$0	$0