HOA fees reduce your purchasing power and add to your monthly housing cost. A $400/month HOA effectively reduces what you can borrow by $70,000–$80,000 at typical mortgage rates. This tool shows the full impact on your affordability.
| HOA Type | Typical Monthly Range | % of Home Value/yr |
|---|---|---|
| Basic neighborhood | $50–$150 | 0.1–0.3% |
| Mid-range condo | $150–$400 | 0.3–0.8% |
| Luxury condo | $400–$1,200 | 0.8–2.0% |
| High-rise / doorman | $1,000–$3,000+ | 2.0%+ |
| NYC co-op | $800–$3,000+ | Often includes property tax |