Free tools / Late fee calculator
HOA late fee calculator
Works out the late fee and simple interest on an overdue assessment, using the rules you enter from your own governing documents.
Total now owed
$325.00
- Late fee
- $25.00
- Interest (45 days)
- $0.00
Before you charge a late fee
- The fee has to be allowed. Late fees and interest usually have to be authorised by your declaration or bylaws, and many states cap them or set how they are applied. See our state pages for what the statutes say in Florida, Texas and California.
- Be consistent. Apply the same rule to every owner, and write the policy down.
- Say it before you charge it. A reminder before the due date and a notice when the grace period ends prevent most late fees. Our example letters can help.
- Interest here is simple interest: amount × yearly rate × days ÷ 365. It is not compounded.
This calculator does arithmetic with the numbers you enter. It is not legal advice and it does not know your governing documents. Ask an attorney licensed in your state before adopting or enforcing a late fee policy.
DuesDesk can apply your late fee rule automatically, with a grace period, caps, and a pause for owners on a payment plan. Start free.