But for those that are unsure...
Does one have to pay the bond "in full at closing" or can they pay some payments with interest for a while and then pay it off the balance early (save on the future interest)?[/QUOTE]
To answer your question at closing you will likely have to pay any interest due until the next bond annual assessment and possibly that year's payment but after that you can pay one payment a year which will be the interest, annual fee, and a small amount on the principal. The payment will be shown on your tax bill and will be paid as part of the overall bill which will also include the maintenance annual charge. The bond can be paid over 30 annual installments if a resident desires. The bond can be paid off later at anytime the owner desires. You can pick any address and go onto the Sumter County PVA site
http://www.sumterpa.com/ do a search and look at the previous year's tax bill to see how it is laid out. Full time residents can get a $25K homestead exemption or $50K for a couple but you do have to apply for it and fill out appropriate forms.
Most buyers know they must consider the remaining bond balance and add it to the selling price to know how much they are actually paying for a property since the bond is a lien on the property until it is paid in full.
The annual bond payment amount can be found on this link:
Download My Amortization Schedule link.
Village Community Development Districts
http://www.districtgov.org/PDFView/P...20121129000801