Knowing that most mortgages are fixed for 15 or 30 years, what's most affected by inflation is Realty Tax, Insurance rates, and to a certain extent HOA. I was wondering what your spending yearly for these in 2022, without the mortgage. If you want to include your mortgage or HELOC, feel free to itemize it as additional items.
I've seen post about increases in tax and other separate post about increases in insurance, but have not seen the overall impact of inflation. I guess this may show a more comprehensive view (taxes +insurance + HOA). Thanks!
Mine for 2022:
Realty Tax 2022 = $3,103 (increase)
Home Insurance = $1,197 (was able to get a lower rate at another provider)
TOTAL = $4,300 or $358/month
I pay $67/mo for HOA in 2022. So, 358 + 67 = $425/month
Last year 2021:
Realty Tax 2021 = $2805
Home Insurance = $1,365
TOTAL = $4,170 or $347/month
I paid $65/mo for HOA in 2021. So, 347 + 65 = $412/month
I've seen post about increases in tax and other separate post about increases in insurance, but have not seen the overall impact of inflation. I guess this may show a more comprehensive view (taxes +insurance + HOA). Thanks!
Mine for 2022:
Realty Tax 2022 = $3,103 (increase)
Home Insurance = $1,197 (was able to get a lower rate at another provider)
TOTAL = $4,300 or $358/month
I pay $67/mo for HOA in 2022. So, 358 + 67 = $425/month
Last year 2021:
Realty Tax 2021 = $2805
Home Insurance = $1,365
TOTAL = $4,170 or $347/month
I paid $65/mo for HOA in 2021. So, 347 + 65 = $412/month
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