[Stu from NYC]

Originally Posted by heims01

Is that something realtors like to tell people to get them to ignore the bond on a house?
I certainly would insist on making a point of it when selling a house that had the bond paid off, especially if the remaining bond was significant. If you look at the amortization tables for the newly refinanced bonds your still paying a LOT of interest in the early years of the bond just like a mortgage. Unlike mortgages, you can't make extra principal payments so you are really paying through the nose if your bond has a lot of years left to pay. IE: Ours were 2020 numbers district 8, residential unit 159:

Bond balance: $17,995.79

2021 payment due in 11/20:

$656.96 principal
$725.04 interest
$96.06 Admin fee
$1,478.06 Total due
$17,338.83 2021 Balance

Wow something new to think about when it is time to make payment on bond for first time later this year.