Saturday, June 15, 2013

Real estate taxes greater than mortgage?

Well not quite, take a look at this house for sale in Belvidere.   With a 20% down payment the monthly payment of $388 or 4656 per year is $12 more than the $4,644  in 2011 taxes.  

This is currently available at: http://rockfordil.prustarckrealtors.info/details/start.aspx?PropId=169R000072436&vip=PruREfooter

 

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Here is one that makes it.  Monthly mortgage $257 or $3,084 per year taxes 2011 $3,396 or taxes $312 more than annual mortgage payment.

From:  http://rockfordil.prustarckrealtors.info/details/start.aspx?PropId=169R201301066&vip=PruREfooter

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