Quote:
Originally Posted by bsloan1960
New owner/first time- closing at the end of June.
(using approx. numbers) $20,000 bond paid over 30 years @$1100 per month = $33,000... Ouch!
I assume this is why some people choose to pay the bond off in cash. I called the Development District and there is no creative way to reduce the interest payments- it's either pay it off in full or pay it monthly.
With this in mind what is the best way to pay this bond?
Thanks,
Bill
|
You sure your math is correct? $1,100 per month?