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7 October, 17:14

Besides the actual mortgage payment, which also factors into the monthly payment on a home?

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  1. 7 October, 17:19
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    Besides the actual mortgage payment, the renters' insurance should also be considered in the monthly payment of a home. A renters' insurance includes personal property coverage, liability coverage, additional living expenses. This insurance is very important to ensure your property against damages.
  2. 7 October, 17:39
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    Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.

    Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts.
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