Fractional Cost Analysis Example

I came across this comparison of a fractional condo unit down south. While the numbers are lower across the board than they would be at the pricey Jersey Shore, the fundamentals are the same...

...If you bought this unit the normal way you would pay around $175,000. With a 20% down payment your mortgage payment would be approximately $935.00 per month. This is assuming a balance of approximately $140,000 after 20% down with a 30 year arm loan at approximately 8%. Your HOA dues would be approximately $414.00 per month. Your total monthly dues would be approximately $1350.00 per month.If you bought this fractionally, with a deeded ownership of 6 weeks a year, you would pay $24,500. With 20% down your mortgage payment would be approximately $135.00 per month. This is assuming a balance of approximately $19,600 after 20% down with a 30 year arm loan at approximately 8%. Your HOA dues would be approximately $55.00 per month. Your total monthly dues would be approximately $190.00 per month...