what other costs do I need to consider other than the monthly mortgage payments?

what other costs do I need to consider other than the monthly mortgage payments?

You will have your monthly utilities, that includes water, sewer, and garbage.
In the Seattle Metropolitan area that is served by Seattle Public Utilities, each
occupant in a household consumes an average of 3 CCF’s of water per month.
1 CCF is equal to 748 gallons of water. The amount it costs for waste water or
( sewer ) charges triple what your fresh water rate is charged. 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 ( HOA ) homeowner association or
condo association dues. You will also have property taxes, Usually 1% of the
sales price of your home calculates the property tax amount monthly, and sewer
capacity charges, every new home now has this fee and is past down from one
homeowner to the next until the 15 year sewer capacity charge is paid off,
the purpose of the sewer capacity charge is so that properties in King County
can increase the sewer capacity to handle the population growth. There may
be city or county taxes, Taxes normally are rolled into your mortgage payment.

 

0 Comments

You can be the first one to leave a comment.

Leave a Comment