Looks at those TAXES!!

Real Estate Agent with eXp Realty, LLC 383205

For those looking to purchase a home should consider the current tax rate and how it may impact their monthly mortgage payment. A higher tax rate could lead to a greater amount of taxes due on interest paid for your loan, increasing the total amount paid over the life of the loan. Homeowners should be aware that changes in residential tax rates can impact both their mortgage payments and homeowners insurance premiums. Let’s Compare how tax rate can affect your monthly payment:

New Construction House A- Listed $395,000, 3 Bed, 2 Bath, 2 Car Garage, 1,901 Sqft, Tax Rate 3.55%- Monthly payment $3,150

New Construction House B- Listed $404,990, 3 Bed, 2 Bath, 2 Car Garage, 1,912 Sqft, Tax Rate 2.8%- Monthly payment $2,875

It is important to keep up with changes in taxation, to keep your financial obligations manageable. Working with a trusted lender and Real Estate professional can help you make smart decisions on purchasing a home. If you are considering purchasing in 2023, The Bly Team eXp Realty

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Deborah Bly Selling homes in League City TX

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The Bly Team, eXp Realty 

217 East Main Street
 League City, TX 77573

 Office 832-932-5435

 Cell 281-782-5313




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