Mathematics, 19.04.2021 03:50 thechocolatblanc

Assume your home is assessed at $245,000. You have a $171,000 loan for 25 years at 6 percent. Your property tax rate is 1.4 percent of the assessed value. In year one, you would pay $10,260 in mortgage interest and $3,430 in property tax (1.4 percent on $245,000 assessed value).

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Assume your home is assessed at $245,000. You have a $171,000 loan for 25 years at 6 percent. Your p...