HOA Fee Calculator
HOA Lifetime Cost
Calculate the total cost of HOA fees over your ownership period
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Impact on Housing Payment
See how HOA fees affect your total monthly housing cost
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Formula
Total HOA Cost = Σ (Monthly Fee × 12 × (1 + Annual Increase)^year) | Total Housing = Mortgage + HOA + Tax + Insurance
Frequently Asked Questions
What is the average HOA fee?
Average HOA fees range from $200-$400/month for most communities. Condos and luxury communities can charge $500-$1,000+ per month. Fees depend on amenities (pool, gym, doorman), location, building age, and what's included (water, trash, exterior maintenance).
What do HOA fees cover?
HOA fees typically cover common area maintenance, landscaping, exterior building maintenance, shared amenities (pool, gym, clubhouse), trash removal, sometimes water/sewer, snow removal, and the HOA's reserve fund for major repairs.
Do HOA fees increase over time?
Yes, HOA fees typically increase 3-5% per year. They can increase more after special assessments for major repairs (roof, foundation, plumbing). Some HOAs have poorly funded reserves, leading to sudden large increases or special assessments.
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