How much more home can you afford without an HOA?

That lower price tag on a condo or townhouse can feel like the cheaper option, until you add the HOA. An HOA payment can quietly reshape your monthly budget. See exactly how much more home the same monthly payment could buy with no HOA. No more guessing.

The Condo / Townhouse

Start with the property that has an HOA fee.

Loan Type

Purchase Price

$100K$2M

Monthly HOA Fee the hidden cost

$0$1,500

Down Payment10%

0%100%

Rate

Term

Property Tax$469/mo

Insurance / yr$100/mo

Conventional: PMI of ~0.55% per year applies under 20% down and cancels at 20% equity.

Same monthly payment, no HOA

$49,550

more home you could afford by skipping the HOA fee, for the exact same total monthly payment.

Condo / Townhouse

$450,000 + HOA

$3,629/mo

Principal & Interest$2,562

Property Tax$450

Insurance$100

Mortgage Insurance$169

HOA Fee$350

Single-Family (No HOA)

up to $499,550

$3,629/mo

Principal & Interest$2,844

Property Tax$500

Insurance$100

Mortgage Insurance$187

HOA Fee$0

Your $350/mo HOA is the equivalent of $49,550 in home price. Put toward a no-HOA home, the same budget buys you more house, and you keep the equity instead of the fee.

Is your condo Fannie Mae / FHA / VA approved?

Not every condo qualifies for every loan, and approval status can make or break your financing. Get a free report on the approval status for the area you're looking to own.

Free and no obligation. Ken will check the condo/area approval status and send your report.

For informational purposes only. This is an estimate, not a loan offer or a commitment to lend. Actual loan terms, interest rate, payment, and approval amount may change based on credit, income, property, and market conditions.

Ready to turn these numbers into your plan?

I'll walk you through every rate option available today and which loan fits your goals, from down payment assistance and FHA/VA to jumbo, DSCR, and bank statement loans. No cost, no obligation, no credit inquiry.