Quote:
Originally Posted by Heat Sinker
40% of my monthly payment will be derived of HOA fee, Taxes, and Insurance.
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Our HOA is not that bad ($40 a month) and we didn't have to purchase mortgage insurance because we were able to pay more than 20% in equity this time (the advantage of this being our 4th house purchased.) Otherwise we could be looking at a payment much closer to 2k on a 230k mortgage.
One other thing: Try your best to get city utilities rather than a MUD. The MUD will charge you out the wazoo for services and utilities.