PC Access for Windows Reference Guide

for PC Access for Windows 4.30.158

Amortization: Semi-Annual Tax

Enter a value for any tax payments (e.g., property taxes) you want to include with the loan payment schedule. In general, a property owner pays a property tax every six months. Most home loans include escrow amounts to cover property taxes. The Amortization window divides the Semi-Annual Tax by six (to compute a monthly tax), and adds it to the Total Monthly Payment value.

Last modification date: Friday, January 17, 2003 00:58:49