[Halle]

Originally Posted by Barefoot

Some people disregard the bond amount and don't feel it is part of their purchase price because they can pay it in installments, like a mortgage. But it is part of the purchase price and results in higher monthly payments!

When we looked at houses, if a bond was still owing, we added the unpaid bond amount to the purchase price of the home! For an accurate comparison.

We eventually bought a home on which the bond had been paid in full. And we liked the lower monthly payments a lot.

Also the interest on the bond is not deductible. If you buy a house with the Bond paid and have a mortgage that includes the Bond the interest becomes tax deductible. With mortgage interest rates being low this may be a better deal.