Okay, I asked you for your basis because it’s not clear to me, but based on what you’ve said, this is my best guess. So, with your numbers not mine (and the one change to start “level”).
Prices: 600,000 vs. 500,000
Interest rates: 5.5% vs 7.238%
Down payment: 20%
Rent two years at $2,500/mo
Tax break: 28%
So for the lower price/higher rate, here’s what costs/saves:
