INTERACTIVE DECISION TOOL

Roommate Mortgage Offset Calculator

Test how roommate contributions change the family cost of owning near campus. Inputs stay on the left while the visual output updates on the right as assumptions change.

THE NUMBERS, WITH YOUR ASSUMPTIONS

Is Buying Cheaper for Your Family?

No sign-up required

Property price ($)Down payment (%)Interest rate assumption (%)Alternative rent / month ($)Ownership period (years)Paying roommates

The interest rate is a planning input, not a current offer. Enter actual taxes, insurance, HOA and mortgage insurance when available. Results update as you type.

4-year net ownership cost

$275,929

Rent · 4 years$153,600

Net ownership cost$275,929

Renting lower by $122,329 under these assumptions.

Payment & cost breakdown

Loan amount: $540,000
Principal & interest / month: $3,502
Taxes + insurance + HOA + MI: $950
Rent over 4 years: $153,600
Ownership cash outlay: $395,967
Net proceeds after hypothetical sale: $120,038
Opportunity cost of initial cash: $0
Renting lower by: $122,329

Net cost = cash outlay − sale proceeds + opportunity cost. Default price appreciation is 0%. Includes purchase/sale costs, principal paydown, maintenance and entered roommate income. Excludes tax benefits, inflation in ownership costs and reinvestment of monthly differences.

Have Matt Review These Numbers

TURN THE MODEL INTO A REAL REVIEW

Keep these exact assumptions when you talk to a campus financing specialist.

Your current calculator inputs and computed scenario stay attached to the review request. The result is planning information, not a rate quote, approval or property recommendation.

Review These Numbers

YOUR NEXT STEP

Have Matt Review Your Financing Plan

Send your question and the numbers you have explored. Matt can help you understand the financing questions that come next.

Matt Dean

NMLS #227603 · NEXA Lending

(512) 415-6142 mdean@collegehousing.ai

Prefer to schedule a conversation? ↗

Published professional information currently lists AZ and TX. Confirm current state and program eligibility before application.

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Your current numbers and property details will travel with your question.

Your planYour questionSchool / market

Review your current numbers

Planning goal: Buy for my student
Property price (planning assumption): $675,000
Down payment (planning assumption): 20%
Rate assumption (planning assumption): 6.75%
Property taxes (planning assumption): $5,400/year
Insurance (planning assumption): $1,800/year
HOA dues (planning assumption): $350/month
Ownership period (planning assumption): 4 years

Edit financing goals

Planning assumptions, not a loan quote. Your property details and quiz answers will accompany your request.

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Educational estimates only. No loan approval, rate quote, or commitment to lend. Rates, terms, down payment, documentation, reserves, occupancy and property eligibility vary by borrower, lender, state and program. Rental income, appreciation and investment returns are not guaranteed.

Matt Dean · NMLS #227603 · NEXA Lending · Company NMLS #1660690. Check licensing at NMLS Consumer Access. Professional site lists Arizona and Texas. State-specific availability must be confirmed before application.

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