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Condominium Mortgage Calculator
Free condominium mortgage calculator: combine principal, interest, and HOA into one monthly payment. Compare buildings on PI plus association dues.
By True Condo Cost editorial team · Editorial standards
Listings quote mortgage payment without HOA. This condominium mortgage calculator adds association dues so you compare condos on combined housing cost—not price alone.
For tax, insurance, and PMI, use the monthly condo expenses calculator after you verify figures from the building packet.
Mortgage & HOA inputs
What this means
Combining PITI ($0.00) and HOA ($0.00) gives a $0.00 monthly payment, which is what many buyers actually live with.
Assumptions and limitations
- Standard amortizing fixed-rate mortgage.
- Insurance is your HO-6 monthly premium, not the master policy.
Frequently asked questions
- Why combine mortgage and HOA?
- Listings often quote mortgage only. Adding HOA lets you compare buildings with different fee levels on equal terms.
- Is HOA included in escrow?
- Some lenders collect HOA through escrow in certain states, but most condo owners pay HOA directly.
Run these next
Most buyers model HOA, insurance, and assessments in separate passes.
Condominium mortgage calculator: PI plus HOA
This mortgage plus HOA calculator answers condominium mortgage calculator searches in the simplest useful form: principal and interest on your loan plus monthly association dues. Listings often show PI alone while HOA adds a second layer that can exceed 20–40% of the quoted payment.
It is not a full PITI tool—add property tax and HO-6 insurance with the monthly condo expenses calculator when you need the complete stack for lender qualification or budget stress tests.
What to enter from your loan scenario
Use the purchase price, down payment, rate, and term you are actually shopping—not a generic pre-approval without a building attached. HOA should come from the current budget for the unit, not a stale listing figure.
If dues are billed quarterly, divide by three. If you only have an annual assessment, divide by twelve before entering.
- Purchase price and down payment percent or dollar amount
- Interest rate and loan term from your quote or pre-approval
- Monthly HOA from the association budget or resale packet
- Optional: rerun with 10% higher HOA to stress-test insurance renewals
Why combined payment beats list price alone
Two condos at the same price with $350 versus $750 HOA produce different combined payments even when kitchens look similar. This tool makes that comparison explicit before you tour a second building.
Investor-heavy buildings with lower list prices sometimes carry higher dues or pending assessments—combined payment reveals the tradeoff faster than price per square foot.
Condo mortgage calculator vs full cost estimator
Use this page when you want mortgage plus HOA only—quick building comparisons or sanity-checking a listing payment line. Use the homepage condo cost estimator or monthly condo expenses calculator when you also need tax, insurance, PMI, utilities, and assessment buffer.
Debt-to-income qualification counts tax, insurance, and HOA in housing payment. This tool is a stepping stone; the condo DTI calculator adds the lender-facing stack.
Next steps before you offer
Once combined payment works, verify warrantability and project review with your loan officer. Non-warrantable buildings may change rate and down payment even when PI plus HOA looks affordable.
Read transfer fees and capital contributions in CC&Rs—cash to close sits outside this monthly view but affects whether you can afford the deal.
Mortgage Plus Hoa: one scenario to try
Inputs: $355,000, 20% down, 6.5% / 30-year, $520 HOA → PI about $1,795 + HOA $520 = $2,315/month. Tax and insurance are excluded—add roughly $450–$650/month in many metros before comparing to rent.
Before you rely on the Mortgage Plus Hoa
It is not a full PITI or DTI tool—use monthly condo cost or condo DTI for qualification math.
It does not stress-test warrantability or project review delays.
Last updated: June 2026
When to use this calculator
- You want principal and interest plus HOA only for quick building comparisons
- Listing payment excludes association dues
- You are deciding between two units at similar price with different HOA
Inputs you need
- Purchase price, down payment, rate, and term
- Monthly HOA from the current budget
How to interpret the result
- Combined payment is a floor—add tax and insurance for affordability and DTI
- Stress-test HOA +10% when insurance renewals are due soon
What this calculator does not know
- 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
- Property tax, HO-6, PMI, or utilities
- Special assessments or transfer fees
Documents to verify before relying on the estimate
- HOA budget and most recent financial statements
- Reserve study and percent-funded summary
- Master insurance declarations and renewal summary
- County property tax estimate for the unit at your offer price
- HO-6 insurance quote matched to master policy coverage
Educational estimates only. Confirm figures with association documents, county tax offices, and licensed professionals before you make an offer.
Frequently asked questions
- Is this a full condominium mortgage calculator with tax and insurance?
- This page combines principal, interest, and HOA only. Add property tax and HO-6 insurance with the monthly condo cost calculator or property tax calculator for a complete PITI-plus-HOA budget.
- Is property tax included?
- No. This tool focuses on principal, interest, and HOA. Add taxes and insurance using the monthly condo cost calculator for a full picture.
- Where should HOA dues come from?
- Use the current association budget or resale packet—not a stale listing figure. Divide quarterly dues by three before entering.
Sources to verify before buying
Use this checklist during due diligence. Calculators help you plan; these documents tell you what a specific building actually costs.
- HOA budget and audited financials (or reviewed statements if the association is small)
- Reserve study with percent-funded and component schedules — often prepared under CAI / APRA standards
- Master insurance declarations: carrier, deductible, wind/hail sublimits, and coinsurance
- Board minutes covering the last two insurance renewals and any assessment votes
- Written special assessment notices and payment plans
- County assessor or municipal property tax estimator for the parcel (not a neighbor’s bill)
- HO-6 quote aligned to master policy gaps — confirm with your state Department of Insurance licensed agent
- Lender condo questionnaire or Fannie Mae / Freddie Mac project review status for warrantability
Related calculators
Explore more tools for your condo search
- HOA FeeFree HOA fee calculator and condo fee calculator: calculate how association dues affect total monthly payment and stress-test 10% or 20% fee increases. No signup.
- Condo ExpensesFree condo expenses calculator: estimate monthly mortgage, HOA, taxes, insurance, PMI, utilities, and assessment buffer. No signup required.
- Condo Property TaxFree condo property tax calculator: convert assessed value and local rate into a monthly tax line. Budget on post-purchase reassessment, not the seller's bill.
- Condo Debt-to-IncomeFree debt-to-income calculator for condo buyers: front-end and back-end DTI with HOA, taxes, insurance, and PMI included. See how association dues affect qualification.
Related guides
Learn the basics before you run the numbers
- Condominium Mortgage Calculator ExplainedCondominium mortgage calculator guide: combine principal, interest, and HOA with mortgage plus HOA, condo cost estimator, and DTI tools.
- Your Real Monthly Housing PaymentPITI, HOA, insurance, and hidden monthly costs in one view.
- Condo Fees vs Maintenance CostsCompare predictable HOA dues to variable single-family upkeep.
- Condo Debt-to-Income GuideHow debt-to-income works for condo buyers: front-end and back-end DTI, why HOA counts, lender benchmarks, and how to stay under ratio limits.