||To the monthly payment calculated, add
PROPERTY TAX and HOMEOWNER'S INSURANCE.
[See Examples Below]
Calculating Property Tax:
[purchase price] x 1.35% = annual tax
Ex: $500,000 purchase price x 1.35% = $6750
$6750/12 = $562.50 per month Homeowner's Insurance: May run approximately $75 to $100+ per month, depending on purchase price and extent of coverage