I purchased a designer home in St Charles last November. The bond was around 20k. My yearly bond payment this November was $2234.94. I called the District office and asked for a breakdown of this payment. I was advised that $1264.02 was for interest, $264.14 went to principle, $97.54 was for admin expenses, and $609.24 went for maintenance. I questioned why there was such a large maintenance expense with everything being new in our neighborhood, they could not give me a reason, just another number to call. I gave up. Even if you pay your bond off, there will always be the yearly maintenance fee, but you can avoid the interest and admin charges by paying it off. One final word, don't pay it off if you might sell your home in the next few years, it doesn't increase the selling price by having the bond paid, just makes it sell much quicker. (found this out when we sold our bond paid villa)
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