Talk of The Villages Florida - View Single Post - Bond Pymt?
Thread: Bond Pymt?
View Single Post
 
Old 08-10-2009, 07:23 AM
villages07's Avatar
villages07 villages07 is offline
Sage
Join Date: Mar 2007
Posts: 11,070
Thanks: 2
Thanked 24 Times in 17 Posts
Default

Gin,

Bogie provided a lot of good info. If you bought new in the past year, your bond interest is probably less than 6%. Depending on whether you are in a villa, designer, premier, or ranch your bond balance could vary from $13K to $40K. For a designer, your annual bond payment is probably somewhere between 1,000-1,500. In addition, each of us pays the annual CDD maintenance fee as part of our tax bill. This is approx 400-500/year and is paid whether you have paid off the bond or not. Both of these fees are collected along with your property taxes. Bills come out in Oct'ish with early payment option (and 4% discount) by Nov 30. Not 'fully' due until Mar 31 of following year (but no discount then).
__________________
Maryland (DC Suburbs) - first 51 years
The Villages - next 51 years

Last edited by villages07; 08-13-2009 at 08:00 PM.