Quote:
Originally Posted by JDMDreams
I just did this for shits and giggles. $3m house. 20% down = $600000. Property transfer tax alone is $68000. To qualify $2400000 at 4.5% over 30y you need $450000 annual income. Monthly payment is $12160  |
The thing is, almost no one buys a 3m house at 20% down.