FACTS: Barbara earns a salary of $58,000 per year. She is single, and she is currently renting an apartment. She pays state income tax of $2,900 and makes charitable contributions of $2,088. Barbara has an opportunity to purchase a condo that she likes costing $205,000. Assume that she takes out a 30-year fixed rate mortgage at 4%, putting down 3.5%. If she buys early in 2018, her mortgage interest would be $7,856 and real estate taxes are $2,050.