HOA Fees Calculator

Calculate what you'll pay in HOA or condo association fees per month, based on the association's total costs and your ownership share.

Your HOA fee per month
$450
Based on your ownership share
Per year
$5,400
Ownership share
2.5%

How to use the HOA fees calculator

  1. Enter the association's total monthly costs. You'll typically find this in the budget or annual financial statement.
  2. Enter your ownership share or unit percentage — this is usually stated in the bylaws or deed.
  3. The calculator shows what you'll pay in fees per month and per year.

How the fees are calculated

Your fee per month = Total costs × Ownership share ÷ 100

In an HOA or condo association, shared expenses — such as maintenance, insurance, property charges, and any shared debt — are normally split according to each unit's ownership share. The larger the share of the association you own, the larger your share of the total costs.

Note: Many associations split certain costs (such as TV/internet or parking) equally among all residents instead of by ownership share. Check the bylaws for the exact allocation method used in your association.

Frequently asked questions

What's the difference between ownership share and unit percentage?

Ownership share and unit percentage are often used interchangeably to describe how large a part of the association you own, expressed as a fraction or percentage. This share is typically used to allocate common fees and voting rights.

What's usually included in HOA fees?

HOA fees often cover operation and maintenance of common areas, building insurance, property-related charges, any shared debt, and expenses such as a caretaker, cleaning and electricity in common areas.

Does everyone in an HOA pay the same rate?

No, residents usually pay different amounts based on their ownership share, which often depends on unit size. Some costs may still be split equally among everyone, depending on what's set out in the bylaws.

Is "HOA fees" the same as "common charges"?

Yes, the terms are often used interchangeably: the monthly costs split among owners in a condo association or HOA.