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-   -   What was and Is your mortgage and realestate taxes, (http://www.early-retirement.org/forums/f28/what-was-and-is-your-mortgage-and-realestate-taxes-22834.html)

newguy88 08-26-2006 08:39 PM

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

grumpy 08-26-2006 09:01 PM

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

al_bundy 08-26-2006 09:11 PM

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

Cut-Throat 08-26-2006 09:12 PM

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. ;D

youbet 08-26-2006 10:29 PM

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. ;D

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.

astromeria 08-26-2006 10:50 PM

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))

youbet 08-26-2006 11:04 PM

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.* *:o* 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.*

larry 08-27-2006 01:39 AM

Re: What was and Is your mortgage and realestate taxes,
 
Original mortgage was $70k and property taxes are $2.2k/yr.

scrinch 08-27-2006 05:00 AM

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.

mathjak107 08-27-2006 05:41 AM

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

kz 08-27-2006 07:49 AM

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.

unclemick 08-27-2006 08:35 AM

Re: What was and Is your mortgage and realestate taxes,
 
67k - 513/mo including taxes and insurance. Outrageous!

heh heh heh heh

maddythebeagle 08-27-2006 09:51 AM

Re: What was and Is your mortgage and realestate taxes,
 
Largest mortgage (and only one :o) 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...

Gumby 08-27-2006 10:22 AM

Re: What was and Is your mortgage and realestate taxes,
 
..

Helena 08-27-2006 12:01 PM

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. ;D


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 !

:-\






KB 08-27-2006 05:47 PM

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.

Scrooge 08-27-2006 05:51 PM

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.

dusk_to_dawn 08-27-2006 10:21 PM

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.

ash 08-28-2006 01:05 AM

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.

Helena 08-28-2006 06:56 AM

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 ?




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