PropCalc

Property Calculator

Evaluate the full financial impact of your second property purchase

Property Details

Basic information about the property you are evaluating

$

The total purchase price of the property

Affects tax treatment and lending requirements

Used for property tax and transfer tax estimates

Do you currently own a primary residence?

20% ($90,000)

At or above 20% avoids PMI requirement

$

Homeowners association dues

$

Homeowners insurance premium

Additional Costs

1.0% ($4,500/yr)
$
$

One-time furnishing cost

$

One-time renovation cost

44/ 100

Stretched

This purchase stretches your finances. Proceed with caution.

Monthly Ownership Cost

$4,035 /mo

Principal & Interest
$2,335
Property Tax
$675
Insurance
$200
HOA
$250
Maintenance
$375
Utilities
$200

Cash Needed at Closing

$133,000

Down Payment$90,000
Closing Costs$13,500
Prepaids & Escrow$4,500
Lender Credits$0
Furnishing & Renovation$25,000
Total Cash Required$133,000

Smart Insights

Debt-to-income ratio above 36%

Your DTI is above the recommended threshold. While you may still qualify, this leaves less financial flexibility.

Reserves below 3 months

After the purchase, your remaining cash reserves would cover less than 3 months of expenses.

Emergency fund below target

This purchase would reduce your cash reserves below your emergency fund target of $30,000.

Significant capital gains tax triggered

Liquidating investments for this purchase may trigger approximately $14,750 in capital gains taxes.

High liquidity impact

This purchase uses more than 60% of your liquid savings, significantly reducing your financial flexibility.

All calculations are estimates for educational purposes only. They should not be considered financial, legal, or tax advice. Please consult qualified professionals before making financial decisions.