House Hack Calculator | WMS Property Group

Your numbers

The property

Purchase price Number of units

Rents (per month)

Your loan

Loan type Interest rate %

You today

Rent you pay now

Fine-tune the assumptions

Property taxes / year Insurance / year Mortgage insurance % / year Owner-paid utilities / month Vacancy % Repairs & reserves % Closing costs % Appreciation % / year

Your housing cost while you live there

Renting today

House hacking

Cash to close

Tenants cover

of your full monthly payment

After you move out

Equity in 5 years

down payment + paydown + appreciation

Monthly breakdown

Principal & interest
Property taxes
Insurance
Mortgage insurance
Owner-paid utilities
Rent from other units, after vacancy & reserves
What you pay

Want these numbers on a real property?

Wayne M. Simmons Jr. helps first-time investors buy multi-family homes across New Haven County, including FHA financing and CHFA down payment assistance where you qualify. Send your scenario and he will reply with live listings that fit it.

What if your tenants paid most of your mortgage?