REAL ESTATE INVESTING

What would I still pay?

Live in one part and rent another. See what rent might cover and what comes from your budget.

Illustrative example, not a quote. Change the numbers to explore. Inputs stay in this page and are not saved or sent by this calculator.

Start with the basics.

Enter only rent from the part you rent out. Do not include rent for the space where you live.

Purchase price ($)Down payment ($)Example fixed mortgage rate (%)Monthly rent from OTHER units or rooms ($)Mortgage termYour current monthly rent ($)

Adjust costs, vacancy and cash needed

All of these example costs are included below. Replace them with property estimates. Zero mortgage insurance is not proof it is unnecessary.

Monthly property taxes ($)Monthly property insurance ($)Monthly association dues ($)Monthly mortgage insurance ($)Monthly utilities you pay ($)Monthly repairs and major replacement budget ($)Rent allowance for vacancy and missed payments (%)Management fee (% of collected rent)Closing costs paid upfront ($)Initial repairs paid upfront ($)Cash reserve kept aside at purchase ($)

YOUR MONTHLY PICTURE

What you cover each month$1,770

After the rent allowance, loan payment, property bills and repair budget.

Scheduled rent$1,800

Less vacancy and missed payments$90

Rent available for bills$1,710

Mortgage principal and interest$2,275

Taxes, insurance, HOA and mortgage insurance$880

Utilities, repairs and management$325

All monthly costs$3,480

Cash to plan for upfront$63,000

Down payment + closing costs + initial repairs + the reserve you keep. The reserve is still your cash, not a purchase fee.

Compared with your entered rent of $2,000, your modeled monthly housing outlay is $230 lower. This is a monthly budget comparison, not a full rent versus buy return calculation.

What if rent disappoints?

With rents 10% lower and one additional month of vacancy each year, your monthly cost after rent would be $2,076. Other fixed costs and repair budgets stay the same. A negative cost means modeled rent exceeds the included costs.

With no rent at all, plan to cover $3,480 per month before unusual expenses.

Full occupancy rent needed to cover modeled costs after the entered vacancy and management allowances: $3,664 per month. This is not a lender qualifying calculation.

How this calculator works

Rent collected = scheduled rent × (1 − vacancy allowance). Management = collected rent × management percentage. Cash flow = collected rent − mortgage principal and interest − taxes − insurance − HOA − mortgage insurance − utilities − repair budget − management. Your house hacking share is the opposite of cash flow.

The loan uses a fixed rate and standard monthly amortization. Costs, rent and rates stay constant. This is a monthly snapshot, not a forecast. Reserves for repairs are budgeted even when not spent. No tax deductions, appreciation, sale costs or future refinancing are modeled. Down payment examples do not establish program eligibility or minimum requirements.

Bring the property. We’ll talk through the plan.

A Discovery Call can help identify which financing questions to explore next.

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Read the guide behind this calculator

YOUR NEXT STEP

See the example. Make a plan for you.

Which numbers fit your life? Eric can help you look at the payment, the cash you keep and what could change next.

1Explore an example
2Choose what to share
3Plan a Discovery Call

Get my personal comparison

A conversation about your numbers.

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Prefer to choose a time? Book a Discovery Call. You can also call Eric at 630 728 7918.