OCCUPANCY FEE CALCULATOR

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

Monthly Cost Estimate

15% deposit → 6.09% fee on remainder → 1% property tax → $0.32/ft² condo fees → ÷ 12
All rates are editable. The calculator divides the total annualized amount by 12 to estimate a monthly figure.
Waiting for inputs…
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.