Starting with PI how can I determine TI?

[Brian Kempler]

Scenario is that you're trying to calculate a potential buyer's monthly payment to you at various interest rates. Easy enough to derive PI from that, but how do you find TI (taxes, insurance)? 

- My theory of taxes for the state of Ohio is to see what property taxes are for a given county, and divide the rate by 12. Then multiply this monthly number by the total sales price.

- Insurance: Not sure. Any techniques you guys use including ballparking would help, thanks.

[Greg Scott]

Most counties allow you to look up the ACTUAL taxes for any property.  In Ohio, just adjust the taxable value to the sales price and apply the millage.  You can often see if any millages have passed to get a very accurate view of Taxes.

Insurance costs won't swing that much from year to year. It will change more depending on the coverage the owner wants.  I'd just get a quote on a DP3 policy and use that to calculate.

Easy peasy.