Well. Here is our story regarding the bond. Our home was built in 2012 in CDD #9 and has/had a 30 year bond on it. There is a schedule out on the district.org for your individual CDD and village.
So here is my assessment of the "financials". (1.) There is an annual Admin fee of $80 and some cents. For a 30 year bond you will pay a total of $2,404.07 in admin costs. (2.) The interest rate is 6.963%. For a 30 year bond you will pay a total of $21,684.92 in interest. For example our bond payment this year (9 years into the 30 year bond) is/was $1,335.78. That is comprised of $80.15 admin cost, $964.27 interest and $291.37 applied to principal. I have a hard time with giving someone $1,330 and $1,044 of it goes to admin & interest and only $291.37 is "taken off the top". When we bought this house I was not totally knowledgeable of the financials involved in the bond.
Needless to say we paid our bond off this year. If we do decide to move (and you NEVER know) we will incorporate the bond amount we paid off into the sales price.
Good luck with whatever decision you make.
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