On Dingo’s numbers, here’s

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On Dingo’s numbers, here’s the math with a few assumptions on tax rate, HOA, insurance

Assumptions
Purchase Price $445,000
Down Payment Percentage 0%
Mortgage Interest Rate 6.10%
Points 3.00%
Mortgage Term 30 years
CPI for HOD & Insurance 3.00%
Long Term Capital Gain Tax Rate 15.00%
Effective Individual Tax Rate 28.00%

Loan Constant 7.27%
Loan Amount $445,000
Down Payment Amount $0
Monthly Mortgage Payment $2,696.68
Monthly Payment $3,354.59
“Effective” Monthly Payment $2,309.34

Homeowner’s Dues/Assoc. Fees $250 /month
Homeowner’s Insurance 0.10% Loan Amount
Private Mortgage Insurance 0.00% Loan Amount
Real Estate Property Taxes 1.00% Purchase Price