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Old 03-31-2007, 01:53 PM
 
627 posts, read 1,622,268 times
Reputation: 121

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Say the Condo cost 125K in the Medical Center Areas or similiar areas not too far from downtown and you put 10% down payment and the monthly mortgage would be about $675. How much can an owner, on average ofcourse, expect to pay for the following monthly fees:

1) Maintenance Fees
2) Homeowner's Insurance
3) Property Tax

What else am I missing that a condo owner would need to pay but not a renter?

 
Old 03-31-2007, 04:30 PM
 
321 posts, read 1,440,737 times
Reputation: 93
Quote:
Originally Posted by Visitor2007 View Post
Say the Condo cost 125K in the Medical Center Areas or similiar areas not too far from downtown and you put 10% down payment and the monthly mortgage would be about $675. How much can an owner, on average ofcourse, expect to pay for the following monthly fees:

1) Maintenance Fees
2) Homeowner's Insurance
3) Property Tax

What else am I missing that a condo owner would need to pay but not a renter?
Real Property taxes... Tx has some of the highest! Do check out the taxes.. on $124 K you would probably pay about $2000 a year , give or take a few hundred.
 
Old 03-31-2007, 04:51 PM
 
627 posts, read 1,622,268 times
Reputation: 121
Quote:
Originally Posted by Yetti0 View Post
Real Property taxes... Tx has some of the highest! Do check out the taxes.. on $124 K you would probably pay about $2000 a year , give or take a few hundred.
Ok, you only answered one of my questions:

1) Maintenance Fees
2) Homeowner's Insurance
3) Property Tax: $170
 
Old 03-31-2007, 05:02 PM
 
321 posts, read 1,440,737 times
Reputation: 93
Exclamation Condos

Quote:
Originally Posted by Visitor2007 View Post
Ok, you only answered one of my questions:

1) Maintenance Fees
2) Homeowner's Insurance
3) Property Tax: $170
I don't live in a condo.. so I would not know... I would think all condos are different .. some are quite luxurious. Home owners insurance... just call up local Insurances companies like AIG or Farm Bureau or State Farm... they can give you a quote.. I was close on the Real property insurance.. I am proud of myself
 
Old 03-31-2007, 09:28 PM
 
627 posts, read 1,622,268 times
Reputation: 121
Quote:
Originally Posted by Yetti0 View Post
I would think all condos are different .. some are quite luxurious. I was close on the Real property insurance.. I am proud of myself
No, you should not be proud and I asked for an estimate, not a precise number. Even though the condos are all different; I did give you a price for the condo, so the mentioning of luxurious is not going to make a huge difference.
 
Old 03-31-2007, 10:03 PM
 
46 posts, read 245,672 times
Reputation: 16
Wow for coming here to to ask a question your not being to nice to someone trying to help you. Were nice in Houston!
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