Finding a two bedroom house for $100k is going to be hard and possibly in bad shape or bad neighborhood. Somewhere in the 125k-150k range is more likely. If you can find the house, property taxes will be less than your current hoa fees. But you will be responsible for lawn care, house insurance, and roof repair which is usually part of hoa fees. And moving expense and real estate agent fees will cost you atleast $10k. You will also be subject to a 3% states income tax and 1-2% local income tax.