Are HOA, condo, or co-op fees included in my monthly mortgage payment?

Condo fees, co-op fees, and homeowners’ association dues are usually billed by the association and paid separately from the monthly mortgage. The CFPB says they are ordinarily not included in the payment sent to the mortgage servicer.

Some condominiums, co-ops, and neighborhoods require membership and dues. The CFPB notes that those dues can run from several hundred dollars monthly to over a thousand. That range is an illustration, not a national fee schedule. Factor the association cost in when judging whether a purchase or refinance payment is affordable.

Although it is not common, the CFPB says a servicer may be willing, upon request, to include the dues in the escrow portion of the monthly mortgage payment. Unless that arrangement is in place, budget the association bill as a separate housing cost.