HOA dues are not paid to the mortgage company but billed separately directly by the HOA.
Aren't you working with an agent yet Ava? We all don't mind helping with your questions online, but it is starting to become clear that you would benefit emensely from the personal attention of an agent helping you. Most of the questions you can ask online you will get great answers, but for every question you most likely come up with, there are 2 questions you may never think to even ask.
Bosshardt Realty Services, Inc
HOA payments are for the Home Owners Association. You would most likely get a bill quartely for this amount. HOA's are for public areas such as community pools,parks and common areas. Also for the upkeep of the landscaping in a community. Sometimes you may have an option to pay this yearly. You have to check with the association for that. Hope this helps
Just remember though, you can read as much as you can get your hands on, but when it comes down to it, experience counts for more than you could imagine. ;)
To add to the previous answer you can divide $200 by 3 to get your monthly amount when planning your budget. Make sure that there are no extras you have to pay for, e.g. CDD which would be included in your taxes.