[Calc Review] Holding cost question.

[Daniel Hargraves]

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[Christopher Phillips]

Originally posted by @Daniel Hargraves:

@Christopher Phillips

Sorry. I wrote it in the wrong place. And it’s not showing in the post. My question is, in the holding cost breakdown, does the loan payment need to include both the Principal and interest? Or just interest? My assumption is just interest. Since the principal goes towards paying off the mortgage. But I wanted to double check

Holding costs are everything it cost you to hold the property until you sell it. Principle, Interest, Taxes, Insurance, Utilities, Security Services, potentially HOA fees.

Some people do interest only loans, so they wouldn't need to include principle.