![]() ![]() Monthly Maintenance Expenses is what you pay to keep your apartment shining, clean and ‘water-full’.Home Insurance is the yearly premium you pay to insure your home-if it isn’t already covered by loan insurance plan.Property Taxes is the annual payment that you grudgingly make to your local municipal body.One-time Expenses can include Registration Fees, Stamp Duty, bribe you paid to that pan chewing Govt Babu, money you spent on sprucing up your new home and performing a lavish house warming ceremony (after all, this is a great occasion for your spouse to show off in front of his/her friends & relatives).You should consider all these factors, especially when making a Rent vs. ![]() They will also continue beyond the home loan tenure. Please note that the recurring expenses will change over the lifetime of the home loan due to inflation and other factors. This will ensure that you will have the necessary money to make the payment once or twice a year. You will not pay property taxes and home insurance premium each month, but it is included in the total monthly payment with the assumption that you are setting aside this amount (either through Recurring Deposit or some other means) every month. Homeowner Expenses can be entered either in Rupees or as a percentage of Home Value. along with service taxes, entered either in Rupees or as a percentage of Loan Amount.
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