My property taxes and house insuranced increased by $30 a month

**SHOPGIRL** · 12-28-2005, 11:47 AM

I just got my mortgage statement for the year. My mortgage rate is locked in for 7 years, but my monthly payment is going up $30. Yuck! Why? Well, my house insurance increased last year by $150, and my tax bill increased by $1000. So, the bank is going to start collecting an additional $30 starting with the February payment. I pay my insurance and taxes with my mortgage monthly. Once a year, I get an updated house insurance statement. Hopefully, my FICO score increases and my house insurance will be lower. So, now I need to find $30 in my monthly budget.

**Katybird** · 01-05-2006, 07:03 PM

I am sorry to hear of the increases. That really stinks. I hope that your insurance decreases though.

**Darlene** · 01-05-2006, 07:41 PM

Sorry for the added expense, seems it's everywhere.

**Emerald_Mommy** · 01-05-2006, 10:40 PM

Yep, it's everywhere. Ours went up $50!

**Kimberlina** · 01-06-2006, 11:06 AM

And that is only the tax that we pay in January- it went up $600 this year, and will go up even more next year since the tax assessor is the same guy who is the appraiser for our bank. Grrrrr....

I can definitely feel for you.