Shared Ownership Calculator

The Shared Ownership Calculator US by Remindoo is designed to help first-time buyers, key workers, and aspiring homeowners understand the financial commitment involved in purchasing a home through the US Shared Ownership Scheme. Whether you’re exploring your eligibility or comparing different ownership percentages, this calculator provides a quick estimate of the costs before you begin your application.

Shared Ownership allows eligible buyers to purchase a percentage of a property typically between 25% and 75% while paying subsidised rent on the remaining share owned by a housing association. This arrangement can significantly reduce the deposit and mortgage required, making homeownership more accessible for those who may not yet be able to buy on the open market.

Our Shared Ownership Mortgage Calculator estimates your likely deposit, mortgage repayments, monthly rent, and overall housing costs, helping you understand whether the scheme fits comfortably within your budget.

Buying a property through Shared Ownership involves more than simply arranging a mortgage. Alongside your mortgage repayments, you’ll usually pay rent on the share you don’t own and, in many cases, service charges. Understanding these combined costs before committing to a purchase can help you make a more informed decision.

The Remindoo Shared Ownership Calculator enables you to:

The Shared Ownership Calculator is suitable for anyone considering the Shared Ownership Scheme, including:

The calculator applies standard mortgage calculations together with Shared Ownership principles to provide realistic estimates.

A simplified calculation looks like this:

Purchase Cost = Property Value × Ownership Percentage

Mortgage Required = Purchase Cost – Deposit

Monthly Rent = Remaining Share × Applicable Rent Rate

Estimated Monthly Housing Cost = Mortgage Repayment + Rent + Service Charges (where applicable)

These calculations give you a clear indication of the financial commitment involved before approaching a lender or housing provider.

Getting an estimate takes only a few moments.

Step 1: Enter the Property Value

Start by entering the full market value of the property you wish to purchase.

Step 2: Select Your Ownership Share

Choose the percentage of the property you intend to buy, such as 25%, 50%, or 75%.

Step 3: Enter Your Deposit

Add the amount you have available as a deposit towards the share you’re purchasing.

Step 4: Add Your Mortgage Details

Provide the following information:

Step 5: Enter the Estimated Rent

Input the expected rent charged on the remaining share owned by the housing association.

Step 6: View Your Results

The Shared Ownership Affordability Calculator instantly provides an estimate of:

A simplified example:

Owned Share Cost = Property Value × Ownership %

Mortgage = Owned Share Cost – Deposit

Rent = Remaining Share × Rent Rate

Total Monthly Cost = Mortgage + Rent + Service Charges (if applicable)

Budget with Greater Confidence

Gain a realistic picture of your monthly housing costs before making an offer on a property.

Understand Your Deposit Requirements