Use this calculator to estimate your monthly carrying costs for a condo. The calculation is based on the following:
- A 15% deposit is automatically deducted from the purchase price.
- A 6.09% fee is applied to the remaining balance (after the deposit).
- Property tax is calculated at 1% of the purchase price.
- Condo fees are estimated at $0.32 per square foot.
- The total cost is then divided by 12 to provide a monthly estimate.
Simply enter the purchase price and square footage of your condo, and the calculator will display your estimated monthly cost.
Monthly Cost Estimate
15% deposit → 6.09% fee on remainder → 1% property tax → $0.32/ft² condo fees → ÷ 12
Waiting for inputs…
Purchase Price
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Deposit (15%)
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Remaining After Deposit
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Fee on Remainder (6.09%)
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Property Tax (1% of price, annual)
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Condo Fees ($0.32/ft² · monthly)
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OCCUPANCY FEE ESTIMATE (annualized)
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Annualized Total
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Estimated Monthly
Assumptions:
- Condo fees are entered as a monthly rate per ft² and are annualized in the total before dividing by 12.
- Property tax is treated as an annual amount (1% of price).
- The 6.09% fee applies only to the balance after deducting the deposit.
Tip: Press
Tab to move between fields. Values update instantly.