Home Insurance. Monday , February 12th , 2018 - 14:28:52 PM
He's thinking about purchasing a condo in metropolitan Nashville TN. Property prices for condos here can vary from $60k as much as $two million. According to his lower payment of $7k and the overall housing payment target of $750/mo we chosen a cost selection of $90k. His 30 fixed loan payment would come with property taxes, condo "interior" insurance (covers fixtures, cabinets, flooring, etc), needed Federal housing administration loan monthly mortgage insurance, as well as an allowance for $150/mo for condo homeowner's association (HOA) fee. Many of these totalled about $760/mo, and we'll refer to this as his total "buy" payment. His rent payment is presently $614/mo, that is relatively affordable for any 1 bed room apartment in Nashville.
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