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Mortgage calculator W/ property tax & insurance?

trish101003 Posted:

Mortgage calculator W/ property tax & insurance?

Does anyone know where to find a calculator that factors in insurance and taxes? I'm trying to decide if its better to buy a higher priced house with lower taxes or lower priced house with higher taxes. The calculators I've since just calculate mortgage payments.
Thanks
septbride Posted:

Re: Mortgage calculator W/ property tax & insurance?

I never found a calculator the tax correctly. I would just use the regular morgage calculator to get the morgage amount.

Just take the yearly taxes and divide by 12 and basically add that to the morgage payment and usually that's pretty close.
trish101003 Posted:

Re: Mortgage calculator W/ property tax & insurance?

OK. That makes sense. How should I calculate property tax? Is that ususally a certain percentage of the house value?

septbride Posted:

Re: Mortgage calculator W/ property tax & insurance?

Each house and town is different -- you might try looking at a few listings.

februarybride Posted:

Re: Mortgage calculator W/ property tax & insurance?

I really like this mortgage calculator...see if it helps
Mortgage Calculator
trish101003 Posted:

Re: Mortgage calculator W/ property tax & insurance?

That is a good one. Thanks!

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