The real estate taxes would add $150 to Bonnie’s monthly mortgage.
To find the amount of real estate tax that will be added to Bonnie’s monthly mortgage, annual real estate tax rate and the value of house should be considered.
Total value of Bonnie’s house = $100,000
Real estate tax per annum = 1.8% (i.e. 1.8/100 = 0.018)
To calculate real estate tax per month, multiply the value of house with the annual real estate tax and divide by 12 months.
Annual tax = 100,000 x 0.018 /12 = $150 per month.
Therefore, Bonnie will have to pay $150 as real estate tax each month.
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