HOA Fee Impact Calculator
Lenders count HOA dues in your monthly housing payment. Every HOA dollar is a dollar that can't go toward the loan. See how much buying power it costs you.
Your numbers
Simplified: mortgage insurance is not included.
Max home price vs. HOA fee
Why HOA fees reduce what you can borrow
Lenders cap your housing payment (principal, interest, taxes, insurance and HOA) at a share of your gross income, usually 28%. They also cap all your debts combined, usually 36–43%. Because the HOA fee fits inside that cap, each $100 of monthly dues pushes out roughly $14,000–$17,000 of loan at today's rates.
FAQ
Do lenders really count HOA dues?
Yes. HOA dues are part of your monthly housing expense for both conventional and FHA debt-to-income calculations.
Is a home with an HOA always a worse deal?
Not necessarily. HOAs can cover exterior maintenance, amenities, water or insurance you'd otherwise pay for. Compare the total monthly cost, not just the price.
What DTI limit should I use?
28/36 is a conservative rule of thumb. Many qualified mortgages allow a 43% back-end ratio, and some automated approvals go higher.
Disclaimer: These calculators give estimates for education only and are not financial, legal or tax advice. Interest rates shown are examples, not offers. PMI figures are rough estimates. Talk to a licensed loan officer for real quotes.