Life Tools

MORTGAGE REALITY CHECK

Mortgage Reality Check

Press it, and face the numbers.

No wishful thinking — just numbers.

Put traffic, home price, mortgage and work hours
into one unit.
Are you commuting, or working overtime?

🚗🏠🕐

Overtime pays for the mortgage difference

Commuting costs time

A reality check for your mortgage

✦Your inputs

Round trip is calculated automatically ×2

Monthly salary (default: NT$60,000) NT$ Traffic-heavy home: one-way commute Working hours per day hours Convenient home: one-way commute Traffic-heavy home price ×10k Convenient home price ×10k Working days per month days Mortgage term years Annual interest rate % Loan-to-value ratio %

Being sober is more important than being smart

✦The numbers

Implied cost of each commuting hour saved $510.9 / hour

Your regular hourly wage

$340.9/ hour

Commute time saved each month

29.3hours

Monthly mortgage difference

+$14,986/ month

Extra hours of work each month

44.0hours

30 year total mortgage-cost difference

+539×10k

30 years of commute time saved

10,560hours

✦Time-cost comparison (per hour)

Your regular hourly wage $341

Hourly cost to buy back commuting(implied cost) $510.9

You use 1.5 × your hourly wage to buy back time!

✦Reality check It’s not that you don’t have traffic jams, you just trade traffic jams for going to work.

Time is fair, you just choose where to pay.

Next time, it will be more fun to buy time than a house!

For reference only. Your actual circumstances may differ; clarity gives you more freedom to choose.♥

Reality checked: bring numbers, not feelings. 🧮