mortgage = [380000,385000,390000,395000,400000,405000,410000,415000,420000,425000] renovation = [60000,70000,80000,90000,100000,110000,120000,130000,140000,150000] rates = [0.0485,0.051,0.0535,0.056,0.0585,0.061,0.0635,0.066,0.0685,0.071,0.0735,0.076] combination = [] for x in mortgage: for i in renovation: combination.append( x + i) rates = [ (x -.0185)/12 for x in rates] monthly_payments = [] for x in combination: for i in rates: monthly_payments.append(((x-20000)*(i*(1+i)**360)/(((1+i)**360)-1)) + (.0185/12)*(x-20000) +1000 ) print "Min payment:", min(monthly_payments) print "Max payment:", max(monthly_payments) average_monthly = (min(monthly_payments) + max(monthly_payments)) / 2 print "Avg payment:", average_monthly #Monthly Payment includes PMI, Property Tax, Maintenance/Landscaping, Property Managment #I estimated based on rents in the area and rentals of comparble size that my worst case rental #income would be $4000 and my best would be $6000
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