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House Hacking Calculator
Calculate your true net living cost when you buy a property and rent out the extra rooms or units to cover the mortgage.
Templates
1. Property & Loan
Your acquisition and primary debt structure.
$
FHA loans allow 3.5% down; conventional owner-occupied allow 3-5% down.
$
%
2. Carrying Costs
Taxes, insurance, PMI, and operating expenses.
$
$
Private Mortgage Insurance. Required if your down payment is less than 20%.
$
$
Estimate for shared utilities, internet, and general upkeep that you pay out of pocket each month.
$
3. Rental Income
Income from roommates or other units offsetting your costs.
$
Factor in months where a room might be empty between roommates.
%
Ready to Analyze
Enter your property details and rental income to see your net living cost.
Living Cost
Rent
Outflows