Principal And Interest $1,011
Taxes and insurance $183
HOA $310
Total: $1504
Then there’s maintenance, management, depreciation, hoa increases, special assessments, and the other pleasures which come with the privilege of owning.
Too much work when the best you could hope for is a wash. With $40k down it won’t even be a wash for many, many years. Then you’re back where you started. Might as well keep the money and see where the market goes.
