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Rolling taxes into mortgage. How much does it add to your loan amount?

This is a discussion on Rolling taxes into mortgage. How much does it add to your loan amount? within the General Chat forums, part of the Main Category category; Hypothetical: $30,000 loan on a 30 year mortgage. $1000 a year property tax. Does this really add $30,000 ...





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Old 06-28-2008, 07:13 PM   #1
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Hypothetical: $30,000 loan on a 30 year mortgage. $1000 a year property tax. Does this really add $30,000 to your loan amount?
Thanks Dawni. I've read that TI is an amount that is added to the monthly payment, and somehow this leads to paying added interest. Thanks in advance for any further explanations.
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