Condo Loan Calculator
Calculate monthly payments for condominium mortgages
Condo Loan Calculator
Calculate mortgage payments for condominium purchases including HOA fees
Use our mortgage calculator to determine your condo loan payment
Go to CalculatorCondo Loan Considerations
Important factors when financing a condominium
HOA Fees
Monthly HOA fees are factored into your debt-to-income ratio and can significantly impact affordability.
Down Payment
Condos typically require 10-20% down payment. Some lenders may require more for investment condos.
Association Approval
The condo association must meet certain criteria for conventional loans. Complexes with low owner-occupancy may require special financing.
Advantages
- Lower maintenance costs
- Amenities included
- Often more affordable
- Location benefits
Costs to Consider
- Monthly HOA fees
- Special assessments
- Condo insurance
- Mortgage insurance
Calculate Your Condo Loan Payment
Use our calculator to determine your monthly condo mortgage payment including HOA fees.
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