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In addition to the mortgage payment above, be sure to add the property’s HOA fee (if any), as well as base property tax of around 1.25% of the purchase price. For example, if you purchase a single-family home for $300,000, estimate your property taxes at around $312 per month (calculated by $300,000 x 1.25% / 12 months). Newer properties may also have an additional property tax known as Mello-Roos or Capital Facilities District (CFD). Contact your Realtor or Loan Officer if you have any questions.
