All of these questions can be answered by your Realtor. If you don't have
one, I suggest you find one you like by referral from a friend, in an open
house, or by calling a successful brokerage in your area.
Townhomes always have an association/monthly maintenance fee AND property taxes.
Property taxes are generally higher for larger units. Fees are often based upon size of the
unit as well. You will also need to pay insurance. The insurance for a house will cover
the entire property. Insurance for a condo will cover the interior. Your condo fees will
include insurance of all the common areas including the exterior of the buildings.
Your mortgage payment will be made up of PITI - oan Principle, Interest on the loan, Taxes
Your agent will point out the taxes of homes and condos in the area you are shopping and
help compare the advantages and disadvantages of both.
I hope that helps,
Assoc Broker/ Realtor