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· Obama’s $1.5 Million Monthly Mortgage Payment. First, using Zillow’s mortgage calculators, we found that if someone were to take out a standard 30-year, fixed-rate mortgage on the 1600 Pennsylvania Avenue (assuming 20% down and 6 percent rate), the monthly payment (including principal and interest) would be $1.48 million.
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For many home shoppers, saving up for a 20% down payment is not easy, but it can have significant financial benefits. For starters, it will help you avoid paying private mortgage insurance (PMI) and lower your monthly mortgage payments. The infographic below looks at all the benefits of a 20% down payment for a mortgage:
Jay-Z and Beyonce May Have a $250,000 Monthly Mortgage Payment on Their New L.A Mansion – Jay-Z and Beyonce will pay a monthly mortgage of upwards of a quarter of a million dollars on their new Los Angeles home, a 30,000 square foot mansion that includes four swimming pools and a spa. The.
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