Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 08:39 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
What was and Is your mortgage and realestate taxes,

What was your highest mortgage and tax payments when working and what is your mortgage and taxes while ERed.

Lets see 1469 PI with 625 tax per month while working on a 227,000 mortgage'

Now 390 a month 274 tax per month when I will be Ered on Jan 1 56,000 mortgage
__________________

__________________
newguy88 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 09:01 PM   #2
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: What was and Is your mortgage and realestate taxes,

Prior to ER our largest mortgage was $63,000 (10 year loan) with monthly payment of $993 of which $185 was property tax. In accordance with our LBYM philosophy we lived in the least expensive suburb of D.C. Now we have no mortgage on our new home in a "55 or better" community in a nicer suburb and property taxes are $250/month.

Grumpy
__________________

__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 09:11 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Re: What was and Is your mortgage and realestate taxes,

officer in my company pays around $15,000 in NJ for an old home built in the 1980's or 1970's
__________________
al_bundy is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 09:12 PM   #4
 
Posts: n/a
Re: What was and Is your mortgage and realestate taxes,

My largest Mortgage was $250K. It's now paid off.

My taxes are $4500 a year and I'll quit paying when I'm dead.
__________________
  Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 10:29 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: What was and Is your mortgage and realestate taxes,

Quote:
Originally Posted by Cut-Throat
My largest Mortgage was $250K. It's now paid off.

My taxes are $4500 a year and I'll quit paying when I'm dead.
Maybe so a while after you're dead, but not right away. They'll be reaching in for more for quite a spell after the ticker stops beating.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 10:50 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: What was and Is your mortgage and realestate taxes,

Largest mortgage payment was ~$2100/month. (San Francisco)
Current mortgage payment is 0. (Charleston County, SC)

Largest prop tax was $8000/year. (SF)
Current prop tax is ~$2100/year. (C)

(First mortgage, including prop tax, was $601/month (Boston burbs))
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-26-2006, 11:04 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: What was and Is your mortgage and realestate taxes,

First house payment was $199/mo with property taxes adding about another $100/mo.

Current house (which is our ER house) has been paid off for many years.* Payment was $454/mo, a fortune at the beginning.* ** Current property taxes are about $4200/yr.* We're in one of the most expensive real estate tax counties in the US.* But, state income taxes are low and the amenities and quality of life are good, so no complaints.*
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 01:39 AM   #8
Recycles dryer sheets
 
Join Date: Dec 2004
Posts: 273
Re: What was and Is your mortgage and realestate taxes,

Original mortgage was $70k and property taxes are $2.2k/yr.
__________________
time flies like an arrow, fruit flies like a banana
larry is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 05:00 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Location: North Bay
Posts: 1,026
Re: What was and Is your mortgage and realestate taxes,

First and only house had original mortgage of $95K with a payment of $1149/mo and $100/mo property tax.

Now, same house with no payment and $200/mo property tax.

Northern California...northern SF Bay area. ER soon.
__________________
scrinch is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 05:41 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,414
Re: What was and Is your mortgage and realestate taxes,

we just started looking at homes in pennsylvania and upstate new york...taxes were high....
the 2 in pennsylvania which we looked at in 2 different counties
ran about about 2% of the purchase price or about 6900.00.....
the community we looked at in middletown/fishkill new new york was about 5500....not much different from nassau county here where they run about 8-10,000 a year
__________________
mathjak107 is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 07:49 AM   #11
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 362
Re: What was and Is your mortgage and realestate taxes,

Largest mortgage was $117,000 with payments of $800/month.

Property taxes are $3400/yr.
__________________
kz is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 08:35 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Re: What was and Is your mortgage and realestate taxes,

67k - 513/mo including taxes and insurance. Outrageous!

heh heh heh heh
__________________
unclemick is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 09:51 AM   #13
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: What was and Is your mortgage and realestate taxes,

Largest mortgage (and only one ) started at 97k and down to 70k on 15 year mortgage. RE taxes are 1500 per year or so...remodeled/rebuilt old farm house/hobby farm...
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 10:22 AM   #14
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,164
Re: What was and Is your mortgage and realestate taxes,

..
__________________
Living an analog life in the Digital Age.
Gumby is online now   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 12:01 PM   #15
Full time employment: Posting here.
Helena's Avatar
 
Join Date: Aug 2006
Posts: 655
Re: What was and Is your mortgage and realestate taxes,

Quote:
Originally Posted by Cut-Throat

My largest Mortgage was $250K. It's now paid off.

My taxes are $4500 a year and I'll quit paying when I'm dead.

Ditto !

Except... I will get a break on my property taxes
when I turn 65... that is... IF ... that tax break will
still be in effect when the baby boomers hit age 65 !







__________________
Helena is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 05:47 PM   #16
Thinks s/he gets paid by the post
 
Join Date: Jun 2004
Location: No. California
Posts: 1,601
Re: What was and Is your mortgage and realestate taxes,

My first mortgage was for 22,500 with a payment of $178. Back in 1977 the interest rate was 9%.
My highest mortgage was 130K, with a payment of either $738 or 830. Can't remember which.

No payment now, but property taxes of $4000 and Mello Roos bond $1000 annually.
__________________
KB is online now   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 05:51 PM   #17
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 473
Re: What was and Is your mortgage and realestate taxes,

My first and only mortgage was around $120K ($134k purchase price minus 10% down). I don't recall what the interest rates on 30 year mortgages were like in 1993 (6.75%?), but I was paying $868/mo. Paid it off in 8.5 years and have been mortgage free ever since.
__________________
Scrooge is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-27-2006, 10:21 PM   #18
Recycles dryer sheets
dusk_to_dawn's Avatar
 
Join Date: Dec 2005
Posts: 163
Re: What was and Is your mortgage and realestate taxes,

Currently don't have a mortgage on a house worth about 220K. Taxes are about $715/year.

Previous mortgages ranged from 120K to 335K, with payments between 950 and 2500. I didn't sleep well with the 335K mortgage and 2,500 payment. I knew it was only temporary but my brain focused on the here and now. I sleep much better without a mortgage.
__________________
The way I see it, you got two choices. You either gotta get busy livin'...or get busy dyin'.
dusk_to_dawn is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-28-2006, 01:05 AM   #19
Recycles dryer sheets
 
Join Date: Mar 2006
Posts: 86
Re: What was and Is your mortgage and realestate taxes,

Quote:
Originally Posted by dusk_to_dawn
I sleep much better without a mortgage.
I know what you mean!

Largest was a PITI of $3100/month (Mello Roos included) on a $400K mortgage in NorCal.

Now happily renting.
__________________
I want to spend my last dollar on the very last day of my life.
ash is offline   Reply With Quote
Re: What was and Is your mortgage and realestate taxes,
Old 08-28-2006, 06:56 AM   #20
Full time employment: Posting here.
Helena's Avatar
 
Join Date: Aug 2006
Posts: 655
Re: What was and Is your mortgage and realestate taxes,

Quote:
Originally Posted by KB

No payment now, but property taxes of $4000 and Mello Roos bond $1000 annually.

I had never heard the term Mello Roos before now.
You pay this in addition to other property taxes ?


__________________

__________________
Helena is offline   Reply With Quote
Reply

Tags
mortgage


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 12:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.