Originally posted by: deerslayer
I don't know, how many years are you going to be paying for it?
Originally posted by: minendo
5 dollar
Originally posted by: Sluggo
Assuming 20% down and a 6% loan for 30 years:
The monthly payment would be $15,348.49.
Your total interest costs for this loan would be $2,965,459.86
Originally posted by: Tret
Originally posted by: deerslayer
I don't know, how many years are you going to be paying for it?
How many years is for the average person?
Originally posted by: Sluggo
Assuming 20% down and a 6% loan for 30 years:
The monthly payment would be $15,348.49.
Your total interest costs for this loan would be $2,965,459.86
So to be "safe" you would want a $60,000 monthly income (mortgage payment no more than 25% of your monthly salary)
Originally posted by: boyRacer
if i could afford a $3 million house... i don't think id be paying for it monthly.
Originally posted by: Tret
Originally posted by: Sluggo
Assuming 20% down and a 6% loan for 30 years:
The monthly payment would be $15,348.49.
Your total interest costs for this loan would be $2,965,459.86
So to be "safe" you would want a $60,000 monthly income (mortgage payment no more than 25% of your monthly salary)
So you need to make about 700k a year what jobs pay that much?
Originally posted by: conjur
Originally posted by: boyRacer
if i could afford a $3 million house... i don't think id be paying for it monthly.
Originally posted by: conjur
Originally posted by: boyRacer
if i could afford a $3 million house... i don't think id be paying for it monthly.
Originally posted by: boyRacer
if i could afford a $3 million house... i don't think id be paying for it monthly.
Originally posted by: Sluggo
Assuming 20% down and a 6% loan for 30 years:
The monthly payment would be $15,348.49.
Your total interest costs for this loan would be $2,965,459.86
So to be "safe" you would want a $60,000 monthly income (mortgage payment no more than 25% of your monthly salary)