Contact me and I try to get get you the exacts on the tax amounts for a certain property.

You can look up the estimated taxes for the specific property at http://www.taxnetusa.com/hidalgo/ . I normally estimate about 1% per month of the value of the loan. That's just a guess including insurance and taxes, but of course that can depend on how much you use as a downpayment. Your lender can produce for you a Good Faith Estimate that will give you a good idea about payment, insurance, and taxes. Always get prequalified first.....that's the first step before you start shopping. If you need a good realtor in Edinburg please let me know.

Jackee,

In Texas, a very good rule of thumb is that you need to budget 10 percent of the purchase price per month. We have property taxes that are marked to the market and run almost 3 percent of appraised value. In some cases these taxes can be higher than your mortgage payment. If you are buying a house for $150,000, budget $1,500. This amount includes mortgage, taxes, utiltiies, insurance and a small margin of error under present mortage market conditions.

I know there is a lot of effort to convince people they can buy for less in terms of a payment. This just causes problems in my opinion.
http://www.donreer.com

Don

You need a reputable lender! A lender will go over your specific financial situation. Your credit score, debt to income ratio, time on current job, and other factors will all determine your interest rate which in turn determines your monthly payment. You can also verify the yearly taxes by using that county's auditor site and looking up that specific address. Good Luck