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this post was submitted on 14 Nov 2023
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Asklemmy
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did that include taxes being paid from escrow? He might be doing a simplified thing and did not include taxes and such. Something I think to that people don't realize with mortgages is the excrow part can go up so the monthly is not completely locked in.
Yes, as stated below that includes property taxes and insurance, things that this person likely isn't thinking about and isn't figuring into their monthly payment. I hope I'm wrong, but I've watched friends crash and burn doing something similar.