No. I would guess the interest rate on the bond for a new home will probably be in the 3-4% range, not 6.9%, based on CDD 13 rates. YMMV. I doubt there are any bonds in The Villages that are higher than about 5.5%. There is a service charge that increases the cost a bit.
Amortization Schedules - Sumter
Quote:
Originally Posted by newgirl
You need to remember you are paying 6.9 ( or close to that) for the bond. If you choose to get a home equality loan to pay it off the interest would be less then half.
You may want to look at all the gorgeous pre-owned home that bond is paid and you will be closer to everything going on in The Villages.
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