Anyone that actually answers your question with a number is not doing you any favors. You have not given nearly enough information to receive an accurate quote and anyone quoting you a rate without APR is violating the law. Yes, even if they say "around".... more
I think to better answer your question it would help us to know if you mean income tax consequences or real estate tax consequences. Either way, there are a number of professionals who can help you with the answers even if they're not on this board. I'd be happy to refer you to either a CPA or a title/escrow officer who can answer your questions free of charge --- I work with these folks all the time.