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| Under 2008 tax rates, if you purchase a $499,000 unit at One Park Place, your first-year property taxes would be approximately $548. If you purchase a $499,000 unit in another project, you would pay approximately $5489 - ten times as much. This 90% tax abatement will continue through 2016, saving you roughly $39,000 in property taxes alone.
This mortgage calculator can be
used to figure out monthly payments of a home mortgage loan, based
on the home's sale price, the term of the loan desired, buyer's
down payment percentage, and the loan's interest rate. This calculator
factors in PMI (Private Mortgage Insurance) for loans where less
than 20% is put as a down payment. Also taken into consideration
are the town property taxes, and their effect on the total monthly
mortgage payment.
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