Roommate buyer calculator

Buying a home with
a friend or roommate?

Calculate combined buying power, fair cost splits, and what happens if one of you wants out — before you sign anything.

Unequal splits supported
Buyout calculator included
Exit scenario modeled

Buyer 1

$
$

Buyer 2

$
$
Buyer 1: 50%Buyer 2: 50%

Down payment & ownership split

$
Interest rate6.48%

Buyout calculator

What if one person wants to leave?

Enter the current home value and remaining loan balance to see the exact buyout amount and estimated new payment for either buyer.

$
$
Buyer 1: 50%Buyer 2: 50%

Ownership split

Refinance rate6.48%
Current equity
$130,000
Home value
$450,000
Buyer 1 equity (50%)
$65,000
Buyer 2 equity (50%)
$65,000

If Buyer 1 buys out Buyer 2

Buyout payment
$65,000
New loan amount
$385,000
Est. new payment
$2,428/mo

If Buyer 2 buys out Buyer 1

Buyout payment
$65,000
New loan amount
$385,000
Est. new payment
$2,428/mo

Estimated new payment is P&I only at the refinance rate above. Actual payment will include taxes, insurance, and PMI if applicable.

📋

Before you buy together

A co-ownership agreement between friends should cover these key scenarios before emotions run high:

  • ·What happens if one person wants to sell
  • ·How buyout price is determined (appraised value vs. agreed formula)
  • ·What happens if one person can't pay their share
  • ·How maintenance and renovation decisions are made
  • ·Right of first refusal if one owner sells their share
Get a co-ownership agreement → (LegalZoom)

FAQ

Frequently Asked Questions