Condo Expenses Calculator

When this matters

• You are comparing listings that show different purchase prices but similar-looking monthly payments
• HOA dues or insurance quotes would push you over your comfortable budget
• You want one number that includes mortgage, tax, HOA, insurance, and owner-paid upkeep
• You are deciding between two buildings where one has lower HOA but higher insurance exposure

What this calculator does not include

• Live tax bills, insurance quotes, or HOA budgets from any database
• Lender approval, HOA questionnaire results, or project eligibility
• Future HOA increases unless you change the inputs yourself
• Home price appreciation or depreciation
• Income tax deductions for mortgage interest or property tax
• Selling costs, agent commissions, or capital gains tax
• Closing costs and cash due at settlement
• Move-in fees, transfer fees, or one-time association charges

See our methodology page for how each input is defined and how to interpret results.

Common questions

Should I use the listing's HOA number?

Use the figure from the current HOA budget or resale certificate, not an old listing. Dues change when insurance renews or reserves are replenished.

Where do I get a property tax rate?

Ask your agent or closing attorney how assessed value is set after purchase in your county. Use a rate that reflects your expected bill, not necessarily the seller's historical payment.

Does this include special assessments?

Only if you enter an assessment reserve or use the special assessment calculator separately. Pending assessments disclosed in resale documents should be modeled on their own.