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Monthly carrying costs when buying a home

Jamie David

When you take out a mortgage to buy a home, you know how much your monthly mortgage payment will be. However, that's not the only monthly cost associated with owning a home - and the extra ones can add up fast. Depending on where your new home is located and which utilities it's hooked up to, the additional monthly costs will vary from home to home. Below are some of the most common costs you could have to pay each month as a homeowner.

This table shows your estimated monthly carrying costs for a $350,000 home with a $300,000 mortgage at 3.24% amortized over 25 years.


Calculate your monthly housing expenses

Use our mortgage payment calculator to estimate your ”all-in” monthly carrying costs.

Property Taxes

Condo Fees


Home Insurance

Cable, Phone and Internet

Home Maintenance

Budgeting for Savings and Debt


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