Your Mortgage Payment Could Be This High!

Jay-Z and Beyonce Spending $359K Per Month on House Payments

Quit complaining that your mortgage payments are too high!  You could be paying $359,142 like the music industry power couple Jay-Z and Beyonce.  That’s a third mill per month, y’all! 

 The Los Angeles Times reports that the couple purchased an $88 million Los Angeles home with a $52.8 million mortgage.  If we do the math, that’s $250,075 per month for their mortgage, $91,667 for tax per month, and $15,400 per month to insure their crib. 

 

The home in question covers 30,000-square feet and includes four swimming pools and a spa. The home purchase is, to date, the highest sale in Los Angeles County. 

 

We are so surprised (and hurt) on the Easterbrook Team that we didn’t get the call from our friends, J & B, to do their loan.  Perhaps we could have gotten them a better deal on their rate.  We’ll just have to wait for the refi.