Finance
A Maine buyer wants to know the true monthly cost of homeownership beyond P&I. The agent should advise them to budget for:
AOnly the mortgage payment
BMortgage P&I, property taxes, insurance, maintenance, and utilities✓ Correct
COnly the escrow payment
DJust the mortgage and HOA fees
Explanation
Total homeownership costs include principal and interest, property taxes, homeowner's insurance, maintenance, utilities, and any HOA fees. Buyers should budget for all these costs to avoid financial strain.
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