Quote:
Originally Posted by La lamy
Lower price upfront for new, but that bond adds thousands!
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The District Government website shows that the bond principle for a CDD 15 (south) home is $51,492.15. The bond's interest rate is fixed at 5.19%. The total interest the homeowners would pay over 30 years is $50,527.71.
The difference between a PRE-OWNED and a NEW is $53K in the MARKET UPDATE.
When I purchased my home in CDD 5 twenty years ago, my bond principle was $8,171.20, and the interest rate was 4.73%.