Quote:
Originally Posted by retiredguy123
OP, it looks like your figure is correct. The bond amount for a typical single family house in Cypress Reserve is estimated to be $87,408.62, and the annual bond payment to be $8,348.69, to include principal, interest, and the admin fee. As to how many people can afford it, I assume that a lot of people will be able to afford it.
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Another reason to look at pre-owned homes in almost any "older" section that had a lower bond in the first place and may be paid off or at least paid down. Additionally, previous owner(s) will probably have made some desirable upgrades.
We bought in Bonita but did not pay off the bond thinking that we would relocate within TV and have yet another bond which did happen. We just figure the bond payment as a monthly increase to the mortgage payment which it actually is.