I took a closer look. It appears that the annual administration fee is about 0.4% of the initial bond amount - the higher the initial bond amount the higher the administration fee. Near the end of the 30 years, this represents a pretty large percentage of the outstanding balance.
Quote:
Originally Posted by biker1
My admin fee is about $95 per year. I wonder why the admin fee is less in the example you posted ($60+).
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