House Hacking Calculator (embed)

The property

Purchase price$Down payment%FHA allows as little as 3.5% on a 2-4 unit you live in.Interest rate%Loan termyrs

Carrying costs

Property tax%/yrPercent of price per year. Varies a lot by county.Insurance$/yrHOA$/moMaintenance + vacancy%Reserve held back from rent for repairs, vacancy, and CapEx.

Rental income

Rent from the other unit(s)$/moTotal monthly rent you collect from the units or rooms you do not live in.Your unit's market rent$/moWhat your own unit would rent for. Used for the move-out and vs-renting numbers.

Your monthly housing cost

$867

What living in your unit costs each month, after the rent from the other unit(s) is applied.

Down payment$7,700

Est. cash to close$14,300

Down payment plus estimated closing costs.

Monthly payment (PITI)$1,845

Principal, interest, taxes, insurance, HOA, mortgage insurance.

Rent collected− $1,150

Maintenance + vacancy reserve+ $173

If you move out (all units rented)+ $110/mo

Monthly cashflow once every unit is rented and you have moved on.

vs. renting a similar unitSave $283/mo

Estimates only, for education. Mortgage insurance is approximated; property management is not included (assumes self-management). Confirm every figure with a lender and the actual property before you offer.

Free house hacking calculator by Real Estate Explained. Estimates for planning, not loan quotes.