Second Home Cost
Enter the property details and your usage.
Annual cost of ownership
$0
Cost per night used: $0
Annual mortgage payment
$0
Property tax
$0
Insurance
$0
Maintenance
$0
Total annual cost
$0
Cost per night
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Purchase price ($) | $500,000 |
| Down payment ($) | $150,000 |
| Mortgage rate (%) | 7% |
| Property tax rate (%) | 1.2% |
| Annual insurance ($) | $2,000 |
| Annual maintenance (%) | 1.5% |
| Nights used per year | 30 |
| Result | Value |
|---|---|
| Annual cost of ownership | $43,443 |
| Annual mortgage payment | $27,943 |
| Property tax | $6,000 |
| Insurance | $2,000 |
| Maintenance | $7,500 |
| Total annual cost | $43,443 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Second Home Cost
- Purchase price ($) — default $500,000
- Down payment ($) — default $150,000
- Mortgage rate (%) — default 7%
- Property tax rate (%) — default 1.2%
- Annual insurance ($) — default $2,000
- Annual maintenance (%) — default 1.5%
- Nights used per year — default 30
- Press Calculate to update the results instantly.