House payment questions...

[danielhv]

How accurate are the estimates on Trulia? It shows the total payment, then breaks it down by P&I, Property Taxes, and Homeowners Ins...

Just trying to get an idea, doesnt have to be exact, but atleast close (=/- $50/mo?)

[akfodysvn]

Bankrate.com has accurate calculators with amortization schedukes

[DON SVO]

Find the property tax value for the city, and use a good calculator.

[danielhv]

Bankrate.com has accurate calculators with amortization schedukes

Let me rephrase... I know I can find straight loan calculators.... I'm looking for an estimated payment including property taxes and homeowners insurance for specific home listings... Trulia shows them, but are they accurate?

[danielhv]

Find the property tax value for the city, and use a good calculator.

Thats what I kinda assumed I'd end up doing.

[danielhv]

And how would one estimate homeowners insurance?

[DON SVO]

Thats what I kinda assumed I'd end up doing.

It's pretty easy. The snag will be the appraiser value if it's off any. Our house appraises for more by a chunk than we bought it for after one year. But thats later on down the road

[danielhv]

It's pretty easy. The snag will be the appraiser value if it's off any. Our house appraises for more by a chunk than we bought it for after one year. But thats later on down the road

Help me out with an example.... This house:

http://www.trulia.com/property/3187603550-121-Morrow-Ln-Lavon-TX-75166#photo-3

Trulia shows $1299/mo w/20% down. $224/mo in property taxes....

CAD listing: http://www.collincad.org/propertysea...1455&year=2015

Using 2014 values, the appraised value is $222,612. The 2014 tax rates are:

City = .455700%
County = .235000%
College = .081960%
ISD = 1.615000%

TOTAL = 2.38766%

Value = $222,612 * 2.38766% = $5315.22 / 12 = $442.94/mo.

Thats a good bit off from what trulia claims... am I doing this right?

[SVT Lurch]

There are no accurate online calculators.

You did not account for the homestead exemption in your calculation so it will be slightly less than that. However, it will be much closer to that number than the garbage Trulia is giving you.

Insurance varies widely, your best bet is to go to the source (like a paid advertiser on here).

[ryuu]

I could be way off but listed at 269 and your calculating taxes at last year value of 222, I would bet taxes will be way more than 222 when it sells, if not then the year after.
and the year after .......

[dblack1]

Holy balls that property tax on a 269 house. That's a really nice house for that price though I know nothing of area. I've found zillow for the property tax to be pretty accurate here in tn. Can you not do an assessment search by house on the tax collectors website?

[AnthonyS]

Help me out with an example.... This house:

http://www.trulia.com/property/3187603550-121-Morrow-Ln-Lavon-TX-75166#photo-3

Trulia shows $1299/mo w/20% down. $224/mo in property taxes....

CAD listing: http://www.collincad.org/propertysea...1455&year=2015

Using 2014 values, the appraised value is $222,612. The 2014 tax rates are:

City = .455700%
County = .235000%
College = .081960%
ISD = 1.615000%

TOTAL = 2.38766%

Value = $222,612 * 2.38766% = $5315.22 / 12 = $442.94/mo.

Thats a good bit off from what trulia claims... am I doing this right?

Your estimate is a lot closer to reality than Trulia. Granted I don't live in Colin County, but I pay about that per month in property tax. Don't forget to add insurance.

[Mysticcobrakilla]

Listen to this guy

There are no accurate online calculators.

You did not account for the homestead exemption in your calculation so it will be slightly less than that. However, it will be much closer to that number than the garbage Trulia is giving you.

Insurance varies widely, your best bet is to go to the source (like a paid advertiser on here).

I dig that house! Baller!

[Ruffdaddy]

If 50 a month is make or beak, and I'm not saying it is, then you can't afford it.

And those calculators are way off a lot of times. +/- 400 at least.

[slow99]

They're off and a tax escrow is gonna make your payment bounce around each year regardless.