I see monthly expenses is around 13k for 2 million house. Is that true or we can reduce by using lower interest? Tc 360k
For jumbo loans sized 2 million or so . Lenders might require higher down payment. By default Redfin shows 20% down. But on a higher level stats in Redfin are right
They do provide breakdown. Price is generally sum of mortgage (principal + interest), HOA (if applicable), property tax and insurance. Main contributor is mortgage and rates are 6.1 percent now. Hence the sticker shock.
Property tax and insurance don’t have to be paid monthly. So u can cover mortgage with base and use rsu for property tax+insurance
Doesn’t the 13k include mortgage and tax?
Yes
With 20% down payment