approximately how much a month would i have to pay for a 15,000,000 dollar home?

here is the link http://www.sandiegorealestatehq.com/coronado-island-homes-for-sale.php
this is my dream home !!!!

Over $3,000,000 a conventional mortgage is not possible. For a $15m home, figure on a private deal or cash. If you have collateral such as stocks, art or securities to put down, you might borrow against those assets with a rate of perhaps 7% in this market. Figure about $7m down and the rest against other assets at 7% or $560,000/year for interest. At the end of the loan term, you’ll have to come up with the other $8m. Probably not a good investment.

2 Comments

  • squeezie_1999

    Over $3,000,000 a conventional mortgage is not possible. For a $15m home, figure on a private deal or cash. If you have collateral such as stocks, art or securities to put down, you might borrow against those assets with a rate of perhaps 7% in this market. Figure about $7m down and the rest against other assets at 7% or $560,000/year for interest. At the end of the loan term, you’ll have to come up with the other $8m. Probably not a good investment.
    References :
    Been there, done that.

  • kemperk

    most buyers of homes in that range pay cash.

    and we know you are just curious

    15,000 home–45 a mo. multiply that out
    References :

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