Property taxes, insurance now account for 21% of mortgage payments

Ali Nemati5 days ago23 sec read7 views

Neighbors Bank reported that property taxes and insurance now account for an average of 21% of monthly mortgage payments across the U.S., up from previous estimates. This increase highlights the importance for homebuyers to factor in these additional costs when budgeting for homeownership, as they can significantly impact affordability and financial planning.

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