Days on Market Carry Cost Calculator

Each day a listing sits unsold costs the seller real money. This calculator sizes the daily and cumulative carry cost so you can decide whether to cut price sooner or ride out market time.

Mortgage balance

Rate

Annual property tax

Annual insurance

Monthly utilities

Monthly HOA

Days on market (actual or hypothetical)

Daily carry cost

$79.46

Total over DOM period

$3,576

Monthly equivalent

$2,384

Daily interest alone

$54.55

How the math works

Every day on market costs money. A $295k mortgage at 6.75% + taxes, insurance, and utilities runs roughly $75/day — $2,250/month. Overpriced listings that sit an extra 60 days can burn $4,500+ before a price cut even happens.

Use this to decide when to cut price. If a $10k price reduction draws offers within 2 weeks (vs no offers at current price), the net savings is usually positive. Every day waiting for a full-price offer costs real money.

How to Use

Enter mortgage balance and rate.
Enter annual property tax and insurance.
Enter monthly utilities and HOA.
Enter days on market (actual or hypothetical scenario).

Frequently Asked Questions

When should I cut price?

When carrying cost over the next 30-60 days exceeds the price cut. If each extra month costs $2,500 in carry and a 2% price cut ($8,500) triggers offers within a week, the math clearly favors cutting.

Does listing strategy affect DOM?

Pricing at or slightly below comps reduces DOM most reliably. Staging, professional photos, and agent marketing also matter. Overpriced listings take twice as long to sell and often net less than a sharper initial price would have.

What about price drops?

Price drops refresh the listing on MLS and buyer alerts. Every listing gets a second debut when dropped. Time price drops for maximum impact (Thursday for weekend showings).