We are planning to have a $400,000 mortgage on a $600,000 home in Los Angeles County. It's better to have the taxes paid via the loan service. How can I figure out how much additional monthly payment the taxes will be?

We are planning to have a $400,000 mortgage on a $600,000 home in Los Angeles County. It's better to have the taxes paid via the loan service. How can I figure out how much additional monthly payment the taxes will be?
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#1

We are planning to have a $400,000 mortgage on a $600,000 home in Los Angeles County. It’s better to have the taxes paid via the loan service. How can I figure out how much additional monthly payment the taxes will be?


#2

Your mortgage company will be able to give you that information. However, if you wish to look up the taxes online, go to assessor.lacounty.gov and you can see what the property taxes were last year. Divide that number by 12 and you will know approximately what the tax will be.

Keep in mind that it is common for mortgage companies to insist on paying your homeowners insurance too.


#3

TAXING AGENCIES TAX YEAR RATE
CITY-LOS ANGELES 0.038666
COUNTY 0.000000
UNIFIED SCHOOLS 0.168187
COMMNTY COLLEGE 0.035296
METRO WATER DIST 0.003700
GENERAL TAX LEVY 1.000000
TOTAL YEAR TAX RATE: 1.245849
According the Property Tax assessor the rate is 1.25% - so on a $600,000 house, if that is the appraised value - you pty tax would be $6150. Or about $500 a month.

Your broker should be able to tell you to the dime.


#4

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