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Old 04-13-2007, 11:16 AM
w_gibbs w_gibbs is offline
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Join Date: Dec 2004
Location: State College, PA
Posts: 482
Default Re: Lowball Offer on House

Here is the breakdown on taxes and insurance from the good faith estimate:

12 mo hazard insurance @ 150/mo = $1800
3 mo hazard insurance reserves @ 150/mo = $450
3 mo tax reserves @471.58/mo = $1414

Total ~ $3700

Property taxes are high in Texas. And it is the same as Illinois, you pay 2006 taxes the following year.
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