Personal question for home owners
- 140 Replies
mine is about $200-$2500 and is paid through an escrow account
Mine goes into an escrow account as well, my mortgage payment goes to the bank which divides the money where it's needed.
I think we pay around $2200. It's paid out as part of our escrow, so we don't have to just come up with it all at once. Insurance and taxes are figured into our house payment, then the bank pays out to both insurance and taxes twice a year. If the amount goes up, at the end of the year we get a letter alerting us that we owe more. If it goes down, we get a letter asking if we want to roll it into our next year's payment, or if we want a check. This is also when they figure out the upcoming year's monthly payment (IE: if we owed, then they use the total amount needed for the prior year, and figure out a higher payment, and vice versa- ours went up once by all of $12 for the year, then the following 3 years, it went down by around $25-30/year)
3600, escrow.
:/ $300/month for property taxes, but hopefully we'll see a return on the investment, and rent out here is equal o a 15 year mortgage with rates as low as they are.


