Assume 80/20 LTV with local lenders with 20% down and financing $266,980 @ 6.5% and a 25 year amortization = $1803 monthly mortgage payment ($11.34 sf) plus $1,192 monthly condo fee, $2,224 annual special assessment and $5,032 annual real estate taxes. Average BGE runs $75 monthly. Why lease when you can own for less.