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What a home really costs a month

Pick a town and a budget or price. You'll see the full bill, not just principal and interest: local property tax, insurance, flood where it applies, and CDD or city fees.

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Worth knowing in Lakewood Ranch

  • Most homes pay a CDD of about $1,200 to $6,400 a year on the tax bill, plus HOA dues. Get the exact amount for the home; homestead doesn't reduce it. Fla. Stat. 190.048
  • Lakewood Ranch spans two counties. The Sarasota side has a lower tax rate, and there the buyer usually picks and pays for the title company. Sarasota County Tax Collector

That budget covers a home around

$320,000

True monthly cost

$2,993/mo

  • Mortgage$2,104
  • Mortgage insurance$142
  • Property tax$330
  • Home insurance$250
  • CDD assessment$167
Cash to close (about)
$20,800
Property tax a year
$3,964 with homestead ($4,531 without)

3.5% down, 30-year fixed at this week's Freddie Mac average, mortgage insurance about 0.55% a year: 7.24%, week of Oct 29, 2026 (Freddie Mac). Tax at 14.16 mills after Florida homestead. Cash to close = 3.5% down plus about 3% in closing costs. An estimate, not a loan quote.

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