Estimate your full PITI + HOA + PMI, total interest, and payoff date — or flip to House Hack mode to see how rental income changes the math.
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Use this free calculator as a standard mortgage calculator — estimate your full monthly payment (principal, interest, taxes, insurance, HOA, PMI), total interest, and payoff date — or flip to House Hack mode to see how renting out extra units can dramatically reduce, or eliminate, your cost of living.
Your monthly payment is split into the classic PITI package plus HOA and PMI where applicable. Principal and interest are computed using the standard amortizing-loan formula; taxes and insurance are spread monthly into escrow; HOA is added directly; PMI is applied automatically when your down payment is below 20% and drops off once your loan balance falls below 80% of the original price.
Tax rates vary dramatically by state — from roughly 0.28% in Hawaii to over 2.2% in New Jersey and Illinois — so selecting your state materially changes the headline number.
House hacking is a real-estate strategy where you buy a small multi-unit property (typically a duplex, triplex, or fourplex), live in one unit, and rent out the others. The goal is simple: let your tenants pay your mortgage. In the best case you live for free, build equity, and generate monthly cash flow.
We use the standard amortizing formula: payment = P × r × (1+r)n ÷ ((1+r)n − 1), where P is the loan, r is the monthly rate, and n is the number of payments. We then add taxes, insurance, HOA, and PMI to give you the complete PITI number. The amortization chart shows exactly how the split between principal and interest evolves over the life of the loan.
On conventional loans, PMI can be requested at 80% LTV and drops automatically at 78% LTV based on the original home value. This calculator removes PMI from the monthly payment once the balance falls below 80% of price.
Yes — by renting rooms instead of units. The "Rent-by-room" preset assumes a single-family home with multiple bedrooms available to rent. Returns can be strong but management is more hands-on.
Low-down-payment loans are popular: FHA (3.5% down) and VA (0% down for eligible veterans). Both require owner-occupancy for at least 12 months, which fits the house-hack model perfectly.
Residential financing generally caps at 4 units. Five-plus-unit properties fall under commercial financing with stricter terms.
The 30-year gives you flexibility — a lower required payment, higher headline cash flow, and the option to pay extra voluntarily. A 15-year builds equity faster but leaves less cushion if a unit goes vacant. Most house hackers use 30-year.
Never use the seller's pro-forma numbers. Pull comparable rents from Zillow, Apartments.com, Rentometer, or local listings. Always apply a vacancy allowance of at least 5% and a maintenance reserve of 5–10% of gross rent. "Conservative" scenario in this calculator applies these for you.
Usa esta calculadora gratuita como una calculadora hipotecaria estándar — estima tu pago mensual completo (capital, interés, impuestos, seguro, HOA, PMI) — o cambia al modo House Hack para ver cómo alquilar unidades puede reducir, o eliminar, tu costo de vivienda.
Tu pago mensual se divide en PITI clásico más HOA y PMI cuando aplica. El capital y el interés se calculan con la fórmula estándar de amortización; los impuestos y el seguro se distribuyen mensualmente en escrow; el HOA se añade directo; el PMI se aplica automáticamente cuando el pago inicial es menor al 20% y desaparece al llegar al 80% LTV.
Comprar una pequeña propiedad multifamiliar (dúplex, tríplex, cuádruplex), vivir en una unidad y alquilar las demás. La meta: que tus inquilinos paguen tu hipoteca. En el mejor caso vives gratis, construyes capital y generas flujo de caja mensual.
Usamos la fórmula estándar de amortización y añadimos impuestos, seguro, HOA y PMI para dar el PITI completo.
Al alcanzar ~78% LTV. Esta calculadora lo quita del pago mensual cuando el saldo cae por debajo del 80% del precio.
Sí — alquilando habitaciones en lugar de unidades. Usa el preset "Por habitación".
Préstamos con pago inicial bajo: FHA (3.5%) y VA (0% para veteranos elegibles).
El financiamiento residencial cubre hasta 4 unidades; más requiere préstamo comercial.