Property Q&A in Lakewood>Question Details

mbautista_143, Home Buyer in Lakewood, WA

if i buy a condo unit do i only pay for the monthly mortgage? or are there more additional to that like maintenance or something like that?

Asked by mbautista_143, Lakewood, WA Tue Sep 25, 2012

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This question is about this property: http://www.trulia.com/property/3041843231-8633-Zircon-Dr-SW-…

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You payment to the lender would be your Principal and tnterest payment on your loan plus 1/12 of the property taxes on the property and 1/12th of your property insurance. In addition there is a home owners fee that your pay to the homeowners association (HOA) that is paid monthly for maintenace of the common grounds - landscaping, and other items. I would be able to meet with you and explain further if you would like.
0 votes Thank Flag Link Tue Sep 25, 2012
According to the listing information, there are condo association dues of $254/month for this unit and the dues include "Cable TV, Earthquake Ins., Garbage, Water/Sewer." So, you would be responsible for your mortgage payment as well as the condo dues.
0 votes Thank Flag Link Tue Sep 25, 2012
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