Submitted by NachoDog1000 t3_z8gq02 in personalfinance
DoDevilsEvenTriangle t1_iyc2926 wrote
Reply to comment by NachoDog1000 in $600 Mortgage Payment Increase??? by NachoDog1000
You didn't say excessive compared to what. We don't know if you have a $1500 mortgage payment or a $5200 mortgage payment.
NachoDog1000 OP t1_iyde0gz wrote
$3400 to $4000
Dewm t1_iydpdwi wrote
Have any idea what your annual property tax is? The size of the payments indicate your home is valued probably around $800,000? Depending on the mil rate set by city/county/state. If you are in New York its about 2% which would be $16000/yr.
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