Designer home with 80% loan, bond plus property taxes, electricity/gas monthly costs, lawn care costs, termite and pest control, and our favorite home owners insurance plus golf cart insurance, you are closer to $30,000 - $40,000 a year. This is buying a newer designer home with annual expenses. If you pay cash for the house you can take $20,000 - $30,000 off the annual cost.
Go out and look what a home loan will cost you for a $600,000 home, $120,000 down, 7% loan, that loan is over $3200 a month, over $36,000 a year before taxes/insurance and thousands a year for everything else.
Last edited by rsmurano; 03-30-2023 at 06:31 AM.
|