Quote:
Originally Posted by Fred R
I was told at the Fenny open house that the $29,000 bond will cost the owner $1700 a YEAR, at 4 1/2 % interest for 30 yrs for a total of $51,000. Something to think of when prospective buyers are looking at homes I would think.
|
4.5 per cent not so bad. Ours was 6.125. Quite a difference. Did you include the annual administrative cost in the calculation? Yes, you pay them to take your money. They are so smart!