Yes, you are really financing a portion of the home purchase for 30 years if the bond is not paid off. However, if you are only going to be in the house for 10 years or so your payments will be much less than paying the bond up front since the remaining amount is passed to the next owner. It is easy to calculate the break even point if you have an amortization schedule. Keep in mind most folks are not in the same house in The Villages for 10 years.
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