Roy Mcintyre, Other/Just Looking in Bridgeport, WV

Is the HOA included in the monthly payment?

Asked by Roy Mcintyre, Bridgeport, WV Fri Dec 6, 2013

This question was asked from http://www.trulia.com/property/3112373339-50-W-Hoster-St-C-C…

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4
Hi Roy,

In the majority of the cases the COA fees are not included. Something else to be aware of if you're looking I'm the greater downtown Columbus area is if the taxes listed are under an abatement and if so, when the abatement will end and what the taxes will look like when the abatement ends. It makes a big difference. If you need assistance, please contact me, I'd like to help!
Take care,
Kelsey
-- Kelsey Unrue - Realtor
Key Realty Ltd.
Tel: (614) 607-0607 KelseyUnrue@gmail.com
0 votes Thank Flag Link Wed Dec 18, 2013
generally speaking no, because you owe those directly to the association every month, the lender though when determining how much money you can borrow, will consider that amount as one of your monthly obligations....
Hope this helps...
Sincerely yours & a Great Day to YOU
Edith YourRealtor4Life
@Properties – 30 Green Bay Rd, Winnetka, Il. 60093
EdithSellsHomes@gmail.com WEB: http://tinyurl.com/YourRealtor4LIfe
City of Chicago,N&NW suburbs; also W&SW subs – NORTH SHORES Fine Homes
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0 votes Thank Flag Link Sat Dec 14, 2013
Hi, I agree. HOA fees are most often not set up in escrow to be included in your total monthly mortgage payment. Not like your homeowners insurance (H06; walls in policy) and property taxes would be. You'd pay your home owner's association directly if not monthly then qtrly or annually depending on their bylaws. If I can help answer any add'l questions, I'd be happy to. Best wishes otherwise, Kimberly Lawson, Licensed Mortgage Loan Originator - Ohio only. Contact and licensing information can be found on my profile.
0 votes Thank Flag Link Fri Dec 6, 2013
HOA fees are NOT included. 1.3% is calculated in the Trulia calculator for taxes and insurance.

At 4.5% interest amortized over 30 years and the current list price of $215,000 with 20% down:

$871.50/mo is the Principal & Interest
$231/mo = condo fees
$372.75/mo = taxes
$30/mo = insurance
________________
$1,495 = Total estimated payment
(*w/o Mortgage Insurance and this is a general estimate for demonstrative purposes only which has a lot of variables such as your credit rating, income, expenses, etc. I can connect you with a mortgage specialist who can give you an actual quote and more accurate work up based on your specific financial situation)
I recommend playing with a mortgage calculator online such as:
http://www.bankrate.com/calculators/mortgages/mortgage-calcu…

Let me know if I can help. I've been specializing in downtown and it's surrounding neighborhoods for almost 20 years. I'd love to lend my local expertise!

My best,
Robert Bickis
http://www.MoveDowntownColumbus.com
0 votes Thank Flag Link Fri Dec 6, 2013
I'm really interested in this place and have money to put down. What do you think the lowest they would go on this place? Any idea?

Thanks
Flag Fri Dec 6, 2013
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