By Can I Afford It · How we calculate this
Housing is the biggest line in most budgets, and the purchase price is only where it starts. For anything financed, the monthly figure below is principal and interest at typical terms. Property tax, insurance and HOA dues are separate and can add a meaningful amount on top, which the calculators let you include.
Up-front costs here run from about $450 (home inspection) to $700,000 (ski chalet). Recurring costs run from about $74 a month (flood insurance) to $1,763 a month (apartment rent).
Typical national prices, not quotes. Financed payments are principal and interest at each item's usual down payment, rate and term, before tax, fees and insurance. 22 of these have a full calculator; any of them can be checked against your income.
| Item | Typical cost | Per month | |
|---|---|---|---|
| Airbnb property | $350,000 | $1,817/mo financed | Check it |
| Apartment rent | $1,763/mo | $1,763/mo | Calculator |
| Barndominium | $250,000 | $1,461/mo financed | Calculator |
| Beach house | $650,000 | $3,355/mo financed | Check it |
| Bridge loan | $100,000 | $8,908/mo financed | Check it |
| Cabin | $300,000 | $1,651/mo financed | Calculator |
| Closing costs | $8,000 | One-time | Check it |
| Co-op apartment | $450,000 | $2,323/mo financed | Calculator |
| Condo | $350,000 | $2,096/mo financed | Calculator |
| Cross-country move | $5,000 | One-time | Check it |
| Down payment | $50,000 | One-time | Check it |
| Duplex | $450,000 | $2,395/mo financed | Check it |
| earnest money deposit | $8,000 | One-time | Check it |
| Farm | $500,000 | $2,579/mo financed | Check it |
| Fixer-upper | $350,000 | $2,033/mo financed | Calculator |
| Flood insurance | $74/mo | $74/mo | Check it |
| Foreclosed home | $250,000 | $1,371/mo financed | Calculator |
| Guest house | $150,000 | $966/mo financed | Check it |
| HOA fees | $250/mo | $250/mo | Calculator |
| home appraisal | $500 | One-time | Calculator |
| Home equity loan | $50,000 | $616/mo financed | Calculator |
| Home inspection | $450 | One-time | Calculator |
| Home staging | $1,500 | One-time | Check it |
| Houseboat | $150,000 | $1,241/mo financed | Check it |
| Lake house | $450,000 | $2,323/mo financed | Check it |
| Land | $50,000 | $493/mo financed | Calculator |
| land survey | $500 | One-time | Calculator |
| Mobile home | $125,000 | $1,012/mo financed | Calculator |
| modular home | $250,000 | $1,497/mo financed | Calculator |
| mortgage rate buydown | $6,000 | One-time | Check it |
| Mortgage refinance | $5,000 | One-time | Calculator |
| New construction home | $500,000 | $2,742/mo financed | Check it |
| New house | $410,000 | $2,117/mo financed | Calculator |
| Property taxes | $300/mo | $300/mo | Calculator |
| Rental property | $300,000 | $1,558/mo financed | Check it |
| Second home | $450,000 | $2,323/mo financed | Check it |
| Ski chalet | $700,000 | $3,851/mo financed | Calculator |
| Starter home | $300,000 | $1,839/mo financed | Calculator |
| Timeshare | $25,000 | One-time | Check it |
| Tiny home | $45,000 | $357/mo financed | Calculator |
| Townhouse | $400,000 | $2,194/mo financed | Calculator |