Money
True Cost of Owning
The mortgage payment is about two-thirds of it.
Money utility
The payment is about two-thirds of it
Below 20% adds PMI, which protects the lender rather than you.
Of home value, per year. Search '[your county] effective property tax rate'.
1-2% of value a year is the common planning range. This is the line people leave out.
The payment
$1,991
What it costs
$2,958
Down payment
$35,000
Closing costs
$7,000–$17,500
Lifetime interest
$401,765
1 extra payment/yr saves
5.8 yrs
What you type here is saved automatically — on this device, and to your account if you have one.
About this tool
Principal, interest, tax, insurance, PMI, HOA and the maintenance nobody budgets for — plus total interest over the life of the loan and what one extra payment a year does to it.
Best for
For anyone comparing a mortgage payment with their rent and thinking buying is obviously cheaper.
Expected outcomes
Generate actionable structure, optimized formulas, and verified indicators under strict outcome standards.
Goes well with
Keep the workflow moving
This tool appears in
A number is a start. Here’s what to do with it.
This journey uses True Cost of Owning as one step in a longer sequence of real actions.