“Hidden” costs can significantly increase the financial burden of homeownership in Los Angeles and Orange counties.

Zillow has brought to light what it calls “hidden” ownership expenses. To me, the figures highlight what’s better dubbed “sometimes ignored” costs when affordability hurdles for house hunters are pondered. We’re talking maintenance, property taxes, and insurance.

Zillow found that a typical household budget for an LA-Orange County owner should also include an additional $1,610 for “hidden” costs, ranking sixth-highest among 30 large metropolitan areas studied nationwide.

My trusty spreadsheet contrasted Zillow’s cost estimates with the big cost – the mortgage. Using a Zillow home value estimate for LA-Orange County – and a 6.4% 30-year loan, assuming a 20% down payment – a

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