LandlordGauge

House hacking calculator

Estimate monthly housing cost from mortgage repayments, operating costs and rent from the other units.

Your shared property

Agreed purchase price. Borrowing is this price less your cash deposit; buying costs and financed fees are excluded.

Your cash towards the purchase price, excluding buying costs. A deposit equal to the price means no mortgage.

Survey average for 30-year fixed home purchase loans; change it to your lender’s nominal annual rate.

Typical value, change it to yours. Source: Freddie Mac Primary Mortgage Market Survey, checked .

Most home buyers choose 30 years; enter your loan’s term, 1 to 50 whole years.

Typical value, change it to yours. Source: CFPB: shopping for a mortgage (loan term), checked .

1 to 20 whole units. Includes the unit you occupy; this is a technical range, not a lending rule.

The rent for this unit is excluded from income.

Tax, insurance, maintenance and other costs for the whole property. Exclude principal and interest: calculated separately.

Monthly rents by unit

This amount is never counted as rent received.

Expected rent collected per month. Include your vacancy adjustment in this amount.

Expected rent collected per month. Include your vacancy adjustment in this amount.

Your result

Example result

Net monthly housing cost

$492.57

Estimated mortgage principal and interest of $2,492.57 plus operating costs, less $3,000 in expected rent from the other units is your remaining housing cost before income tax.

Example: illustrative $90,000 cash deposit.

Rates as of