House Hacking Calculator

Calculate your net housing cost when renting out units in an owner-occupied multi-family. Compare to traditional renting to see monthly and annual savings.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (years)

Total Units

Units You Rent Out

Rent per Unit ($)

Vacancy Rate (%)

Monthly Taxes ($)

Monthly Insurance ($)

Monthly Maintenance ($)

Landlord-Paid Utilities ($)

Current/Alternative Rent ($)

Tab to move between fields

Results

Your Net Housing Cost

$150.67

Monthly Savings vs Renting$1,049.33

Annual Savings vs Renting$12,591.93

Cost Offset by Tenants94.98%

Monthly Rental Income$2,850

Total Monthly Cost$3,000.67

Monthly Mortgage (P&I)$2,212.13

Monthly PMI$138.54

Cost per Owner Unit$150.67

Required Down Payment$17,500

How to Use This Calculator

Enter Purchase Price and Down Payment % — FHA loans allow 3.5% down for multi-family up to 4 units.
Set Interest Rate, Loan Term, Total Units, and Units You Rent Out.
Enter Rent per Unit and Vacancy Rate % to calculate effective rental income.
Add Monthly Taxes, Insurance, and Maintenance to capture your total housing expenses.
Enter your current/alternative rent to see Monthly Savings vs. Renting and net housing cost.
A negative Net Monthly Cost means tenants are paying your housing expenses plus giving you profit.

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