AFH Mortgage Calculator
Estimate monthly principal and interest, property tax, insurance, and other property costs for someone buying a property for an Adult Family Home.
These calculators provide estimates for planning purposes only. Actual costs, reimbursement rates, taxes, staffing requirements, licensing requirements, and profitability can vary by location and individual circumstances. This tool is not financial, legal, tax, licensing, or medical advice. Results are based on entered assumptions.
How it works
- Loan amount is purchase price minus down payment.
- Monthly principal and interest uses a standard amortizing payment at the interest rate and term you enter.
- Estimated monthly property tax and insurance divide annual amounts by 12.
- Total monthly property cost adds P&I, tax, insurance, HOA, and other monthly property expenses.
- Total interest over the loan term is (monthly P&I × number of payments) minus loan amount.
- Optional bed fields show property cost per licensed bed and per occupied bed.
Example using the default assumptions
A $650,000 purchase with 20% down is a $520,000 loan. At 6.5% for 30 years, monthly principal and interest is a planning estimate only. Adding tax, insurance, and other costs produces total monthly property cost, which you can carry into the profit calculator as rent / mortgage.
Important assumptions
- The payment formula is a standard fully amortizing loan. It does not include PMI, points, closing costs, or ARM adjustments unless you add them to other expenses.
- Property tax and insurance are simple annual amounts divided by 12.
- This is not a lender quote or underwriting decision.
Frequently asked questions
Can I use this for an AFH house purchase?
Yes. It estimates property financing cost. It does not decide whether a property can be licensed as an Adult Family Home.
Does this include PMI?
Not automatically. Add estimated PMI to other monthly property expenses if it applies.
Should I put this payment in the profit calculator?
You can. Use the total monthly property cost, or just P&I, as the rent / mortgage input in the AFH Profit Calculator.
Is cost per bed the same as profit per bed?
No. Cost per bed is a property-cost shortcut. Profit depends on occupancy, rates, and operating expenses.
Are closing costs included?
No. Add them in the startup cost calculator if you are building a cash-to-open estimate.
Is this a loan offer?
No. Lenders use credit, income, appraisal, and program rules this worksheet does not include.
Need another AFH estimate?
Explore occupancy, staffing, startup costs, Medicaid rates, and other Adult Family Home planning tools. Every calculator is free and works without an account.
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