Two homes can have the same price and very different monthly costs. This puts them side by side with the loan, taxes, HOA, special taxes, utilities, and what the commute costs in money and in hours.
Home Tools
Compare Two Homes: The Real Monthly Cost
Put two homes side by side with the payment, taxes, HOA, special taxes, utilities and the cost and time of the commute.
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Talk to a lender. Rates, loan programs and approvals come from lenders, not from websites or real estate agents. Talk to your own mortgage broker, or use our preferred lender, Point Mortgage Corporation (NMLS #231073), at (619) 475-4095. You are always free to choose any lender you like, and you can verify any lender’s license at nmlsconsumeraccess.org.
This is an estimate for planning. It is not a quote, an appraisal, a loan offer, or tax or legal advice, and Rudy is a real estate agent, not a lender or tax professional.
What the commute adds
A shorter commute can offset a higher price. Driving 10 more miles each way, five days a week, adds up to roughly 9,600 miles a year, and the time in the car adds up too. Use the cost per mile that fits your car, and try the commute check page to see real directions for the hour you travel.
Sources: IRS standard mileage rates.
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