May 17
Beside mortgage payment, what other costs you need to consider
Besides the mortgage repayment, you’ll have to consider your monthly utility bills. If your utilities have been covered in the rent you’re paying, this may be a completely brand new issue for you. Your real estate broker should help you get information from the seller on how much utilities normally cost. In addition, there might be also homeowner association or condo association dues. You will have to pay property taxes and city or county taxes. Your broker will be able to help you anticipate all these costs.