Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 11-27-2023, 07:12 PM
MrChip72 MrChip72 is offline
Veteran member
Join Date: Apr 2022
Posts: 834
Thanks: 46
Thanked 726 Times in 347 Posts
Default

We bought our home new in the spring of 2022, south of 44. Ballpark figure for the bond is under $150/month for 30 years. Our annual total expenses (utilities, taxes, bond, insurance, and amenity fees) are around $17k, so it's about 10% of our expenses. Not really a big deal to me. Surely with inflation, in 10-15 years the bond will end up being 5% of our total expenses, or less.