Calculateur de Couverture d'Habitation
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Sources & References
Home Price Appreciation Rate
• Historical average (1963-2024): ~3.8% annually
• Varies significantly by location and economic conditions
• Varies significantly by location and economic conditions
Debt-to-Income (DTI) Ratio Guidelines
• Conventional mortgages: Maximum 43-50% DTI
• FHA loans: Maximum 43-57% DTI with compensating factors
• Ideal DTI for approval: Under 36% total, with housing under 28%
• FHA loans: Maximum 43-57% DTI with compensating factors
• Ideal DTI for approval: Under 36% total, with housing under 28%
Private Mortgage Insurance (PMI)
• Required when down payment is less than 20%
• Cost: 0.5% to 1.5% of original loan amount annually
• Can be removed once equity reaches 20-22%
• Cost: 0.5% to 1.5% of original loan amount annually
• Can be removed once equity reaches 20-22%
Home Maintenance Costs
• General rule: 1-4% of home value annually
• Newer homes (0-5 years): ~1% annually
• Older homes (15+ years): 3-4% annually
• Newer homes (0-5 years): ~1% annually
• Older homes (15+ years): 3-4% annually
Property Tax Rates
• National average: 0.99% of home value annually
• Range: 0.28% (Hawaii) to 2.23% (New Jersey)
• Range: 0.28% (Hawaii) to 2.23% (New Jersey)
Rent vs. Buy Rule of Thumb
• Price-to-rent ratio above 20 typically favors renting
• Price-to-rent ratio below 15 typically favors buying
• Break-even point typically occurs after 3-7 years of ownership
• Price-to-rent ratio below 15 typically favors buying
• Break-even point typically occurs after 3-7 years of ownership
Note
Real estate markets are highly localized. National averages don't reflect local market conditions. Always research your specific area.
⚠️ Note