Calculate monthly cost of a house

Usage

monthly_cost(
  house_value = 20 * 10000,
  house_assessed_value = 15 * 1e+06,
  mil_rate = 2.5/100,
  one_time_fee = 1000,
  monthly_hoa_fee = 150,
  monthly_home_insurance = 150,
  monthly_utility_fee = 300,
  closing_fee = 0,
  year = 5,
  saving_rate = 0.03,
  down_payment_rate = 0.2,
  mortgage_rate = 0.0375,
  morrgage_year = 30
)

Arguments

house_value: house value
house_assessed_value: house value to calculate the property tax
mil_rate: annual property tax rate, which is the multiplier of the house_assessed_value to get the annual property tax
one_time_fee: one time fee, e.g., points fee
monthly_hoa_fee: monthly HOA fee
monthly_home_insurance: monthly home insurance fee
monthly_utility_fee: monthly utility fee
closing_fee: closing fee
year: number of years for invest this house
saving_rate: saving rate, which is potential loss of the down payment
down_payment_rate: down payment
mortgage_rate: annual mortgage rate
morrgage_year: mortgage years