@Hannah. There are a few components to your monthly expense, Mortgage payment, Monthly HOA payment, taxes, and insurance. Your Taxes are calculated at 1.25% of the total price (assessed at the time of purchase) this is divided into 2 payments yearly (although some banks can build this in to your monthly payment).
The largest consideration that you should have aside from the mortgage amount, would be the monthly HOA payment for the condo. Full service highrises are seeing some low prices (which would fall within this range), but the monthly HOA can be pretty high. If you go with a low-rise (limited/no service) building, then your HOA should be pretty low...
Check out our website TopLAcondos.com for complete information about each of the West Hollywood condos buildings (including HOA ranges, current inventory, and recent sales).. We are always happy to discuss your options in person as well!
The Top LA Realtor Group