The $1,627 is the annual bond payment on your home. That is a strange name for it, though, and certainly could be confusing. This pays off the cost of the initial infrastructure for your section...roads, sidewalks, utilities, common areas, etc.
The $693 maintenance is for the maintenance of the infrastructure and common areas.
Both of these items are collected/paid for as part of your property tax bill which comes out around Nov 1.
Hmmm, I'm in CDD6 and our maintenance assessment is $500. Wonder why yours is so much higher? Are you in a designer or premier neighborhood?
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Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years 
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