Calculate the true monthly cost of holding a property — loan interest, taxes, insurance, utilities, and HOA. Know exactly what your project costs each month before you buy.
Get a Rate Quote →Carrying costs (also called "holding costs") are the monthly expenses you pay while you own a property — whether you're flipping, building, or holding it vacant during a rehab. Underestimating these is one of the top reasons fix and flip projects lose money.
This calculator gives you the full monthly carrying cost picture so you can plan your project budget accurately.
Total amount being financed
Annual interest rate (interest-only assumed)
Annual property tax (we'll convert to monthly)
Annual property insurance + builder's risk if applicable
Electric, water, gas during construction/holding
If applicable
Security, lawn care, snow removal, dumpster rental, etc.
Total months you'll own the property (be realistic)
Carrying costs are the monthly expenses to OWN a property — paid whether the property generates income or not. For fix and flip and ground-up construction projects, this is dead money you pay every month the property doesn't sell.
| Category | Typical Monthly | Notes |
|---|---|---|
| Loan Interest | $1,500-$5,000 | Depends on loan amount and rate. Largest single cost. |
| Property Tax | $200-$800 | Annual tax / 12. Varies by state and property value. |
| Insurance | $150-$300 | Property insurance + builder's risk during rehab. |
| Utilities | $150-$400 | Electric, water, gas. Higher during construction. |
| HOA | $0-$500 | If applicable. Some HOAs charge construction fees. |
| Misc (security, lawn, etc.) | $50-$200 | Easy to forget but adds up. |
Every extra month adds significant cost. Strict project management saves more than aggressive purchase price negotiation. A $4,000/month carry × 2 extra months = $8,000 of profit gone.
Builder's risk insurance is often overpriced. Get 2-3 quotes. Some lenders bundle it cheaper.
Many utilities offer discounted rates for properties under construction. Ask.
If the previous owner had homestead exemption, taxes may rise after closing. Plan for this.
Looking for fix-and-flip or construction financing? LendingStreet works with 30+ capital sources to find you the lowest rate and best terms — directly impacting your carrying costs.
No credit pull. No commitment. Speak with a licensed financing firm that knows the investor market.
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