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In addition to the mortgage payment, what other costs do I need to consider?
- Answer: Well, of course you'll have your monthly utilities. If your
utilities have been covered in your rent, this may be new for you. Your real
estate broker will be able to help you get information from the seller on
how much utilities normally cost. In addition, you might have homeowner
association or condo association dues. You'll definitely have property
taxes, and you also may have city or county taxes. Taxes normally are rolled
into your mortgage payment. Again, your broker will be able to help you
anticipate these costs.
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