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OK to buy a condo when the monthly payment is less than the. – Monthly dues, even if we assume they add up to $100, still put the monthly payment below $700 a month (the rent on the cheapest 1-bedroom apt). Shouldn’t be as many hidden costs in a condo as there would be for a house, but again, the monthly savings should make up for that even if the condo never appreciates in value (though I think it will).
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What will your mortgage payment be? – This mortgage calculator from LendingTree is an estimate only and is not intended to be interpreted as a firm offer to lend funds. Please contact LendingTree to find a lender to give a loan quote.
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Should you buy or lease your retirement condo? – There are plenty of condos around, giving you the choice of leasing in a desirable complex at a preset monthly rental payment. Check condo rental lists for the area and complex in which you want to.