Cost of ownership
What does it cost to own at Fifth & West?
The sticker price is only part of the picture. In a full-service tower, your real monthly cost blends the mortgage with HOA dues, property taxes, and condo insurance. Move the sliders below for a live estimate, pre-filled with current Fifth & West Residences pricing.
$324,500 down
$1,298,000 loan
Estimated monthly cost
per month, all in
- Principal & interest
- $8,204
- Property tax
- $2,434
- HOA dues
- $1,811
- Insurance
- $117
Estimates only, not a loan offer or a guarantee. Property tax rates, HOA dues, and insurance vary by residence and over time. Confirm figures with a lender and the HOA before relying on them.
What goes into the number
The four parts of your monthly cost
Principal & interest
Your mortgage payment, driven by price, down payment, rate, and term. High-rise condos can carry specific lending requirements, so use a lender who knows downtown towers.
How buying worksHOA dues
Fund concierge, amenities, common area upkeep, the building's structural insurance, water and trash, and reserves. They replace many costs a house carries separately.
What dues coverProperty tax
Texas has no state income tax, but property taxes are relatively high. Travis County effective rates commonly land in the high-1 to low-2 percent range. Verify the current rate and exemptions.
See the marketInsurance
You insure the interior and contents with an HO-6 condo policy. The HOA covers the building structure, so your policy is typically smaller than a single-family homeowner's.
About the buildingNo state income tax changes the math
Texas has no state income tax, which for many high earners offsets the higher property taxes and the HOA dues of full-service living. Whether the trade works for you depends on your income, your price point, and how you value a lock-and-leave home downtown. Luke Allen can walk you through the full picture for a specific residence.
Cost of ownership, answered
Questions buyers ask about the real cost
- What does it cost to own a condo at Fifth & West each month?
- Beyond the mortgage principal and interest, budget for HOA dues, property taxes, and condo insurance. Use the calculator above with your price, down payment, and rate to see a full monthly estimate. HOA dues and taxes vary by residence, so treat the result as a starting point and confirm specifics for any unit you consider.
- Do Fifth & West HOA dues make ownership expensive?
- Dues fund concierge and staff, the amenities, common area upkeep, the building's structural insurance, water and trash, and reserves, so they replace many costs a house would carry separately. Whether they feel high depends on the unit size and how much you value full-service living. See the HOA fees page for what dues cover.
- What are property taxes like in Austin?
- Texas has no state income tax, but property taxes are relatively high. Travis County effective rates commonly fall in the high-1 to low-2 percent range of assessed value, though exemptions and the assessed value itself matter. Always verify the current rate and any homestead exemption for your situation.
- How much do I need for a down payment on a high-rise condo?
- Many buyers put down 20 percent, though programs vary and high-rise condos can carry specific lending requirements. Work with a lender experienced in downtown Austin towers, since the building has to meet the loan program's condo criteria. I can connect you with lenders who know this market.
- Is it cheaper to rent or buy at Fifth & West?
- It depends on price, rate, how long you will stay, and current rents. The calculator gives your monthly cost of owning. Compare that against what the same residence leases for, and ask me to run the buy versus rent numbers for a specific unit.
Related guides
Keep running the numbers
Know your number before you shop
Get a precise cost of ownership for a specific residence, plus the lender and HOA detail that a calculator cannot capture, from a downtown high-rise specialist.