Property taxes, transfer taxes, and insurance premiums usually are expressed as rates. A rate is expressed as cost per unit: for example, in a certain county tax is computed at the rate of $50 per $1,000 of assessed value.
First, to get your county or township tax rate check with the Department of Real Estate where the property is located.
The formula for computing rates follows:


Here is where you can get the PITI Mortgage calculator: www.realestateabc.com
Mortgage Calculator for Principal Interest Taxes & Insurance …

Leave a Reply
You must be logged in to post a comment.