About to purchase- Finance questions

RoyBell wrote:
I'd be curious what the "cash only" folks pay in property and other taxes. Being in IL we have some of the highest property taxes (2-3% value of home on average, average home 200-300K), state income tax (2.5%), and sales tax (8.5%), higher in the city. Plus the tax for toll roads ( $1-2 per toll now I think), high gas prices (currently $3.15 for regular)... The list goes on and on. They suck us dry here.

At the end of the day, the government gets more of my money than most other states. I suppose if I got to keep that money I could buy more in cash too ;)

Property tax including Mello-roos school bonds and street improvement bonds 1.5%. $300k is a good down payment.
Income tax up to 9%
Sales tax 8%+
Gas $4 but not too many toll roads
Electricity 15 to 46 cents per kWh
CA has you beat by a long shot.