Buying a home in L.A., average home insurance and property tax?
August 8th, 2011 | by admin |We are looking to buy a home in the L.A. area and are just wondering if there is an average, or a median for property taxes (is it 1% of the home price in CA?) and insurance. We are trying to calculate total monthly payment and how much we could afford. Looking at $350-500k range.
Taxes are 1.25% of Purchase Price and Insurance is .35 % of loan amount.
How much down?
$2500-$3800 Ball Park with 6.75% rate
Give me some solid numbers and I can figure it out for you.
2 Responses to “Buying a home in L.A., average home insurance and property tax?”
By Joe D on Aug 9, 2011 | Reply
Property taxes in LA and Orange County run 1.25% of the purchase price and insurance is typically anywhere between $600-$900 a year.
References :
California Real Estate Agent
By jamer99 on Aug 9, 2011 | Reply
Taxes are 1.25% of Purchase Price and Insurance is .35 % of loan amount.
How much down?
$2500-$3800 Ball Park with 6.75% rate
Give me some solid numbers and I can figure it out for you.
References :