Title: Calculate Robert's $1.2M Malibu Retirement Home: Can His Income Cover PITI? Tagline: From Startup Mogul to Beachfront Bliss: Calculating Your $1.2M Retirement Home Mortgage Problem: After selling his successful tech company for $5 million, Robert wants to relocate from San Francisco to a beachfront property in Malibu. He's considering a $1.2 million home and wants to accurately estimate his monthly housing expenses, including property taxes, homeowner's insurance, potential HOA fees, and the possibility of Private Mortgage Insurance (PMI), to ensure his retirement income can comfortably cover these costs. He also needs to understand the long-term impact of various down payment amounts on his overall mortgage and financial well-being. Solution: Using Golden Door Asset's Mortgage Calculator with Taxes and Insurance, Robert can input the home price, desired down payment, estimated interest rate, property tax rate, homeowner's insurance costs, and any potential HOA fees. The calculator will then provide a detailed breakdown of his monthly mortgage payment, including principal, interest, taxes, insurance, HOA, and PMI (if applicable). This allows him to compare different down payment scenarios and understand the impact on his monthly expenses and overall mortgage amount, helping him make an informed decision about his retirement home purchase. ROI: By accurately estimating his monthly housing costs, Robert can avoid overextending himself and ensure his retirement income comfortably covers his expenses. For example, by increasing his down payment from 20% to 40%, he could eliminate PMI, saving approximately $300 per month, or $3,600 per year. Over the life of a 30-year mortgage, this could translate into over $108,000 in savings. He can also see how increasing his initial down payment by another $100,000 reduces the monthly payments, saving around $50,000 in interest over the loan's life. Description: Retire comfortably with a clear understanding of your full housing costs – PITI, HOA, and PMI included. Category: Lead Gen